What to Consider When Buying Property Abroad?
When you decide to buy property abroad, it is important to consider a range of factors to ensure it’s the best decision you’ll ever make.
Archive for May, 2009
Spanish property market review 2009: Palma de Mallorca
Palma Central
In Palma the market has been booming for the past five years and reached an all time high in 2007 with prices per square metre in good locations in Palma old town or on a seafront position approaching that of prime property in Madrid. This year prices have adjusted to the new market conditions. [...]
Spanish property market in deep crisis
The Spanish property market shrank year-on-year by 40% in February, according to the latest figures from the National Institute of Statistics (INE). Excluding social housing, there were 30,822 property transactions in February, compared to 51,343 a year before.
Spanish Impact of UK Budget
I suppose I should have expected a bumper news week following the UK Budget announcements on the 22nd. The only direct change potentially affecting property owners in Spain is that landlords may lose the ability to offset their UK tax bill.
