Archive forReal Estate News

Brits Set For Summer Bargains On The Costa del Sol

Aside from the terrific climate, the relaxing environment and the cheap flights, favourable exchange rates have traditionally made holidays to Southern Spain’s Costa del Sol an extremely attractive proposition for holidaymakers and Costa del Sol property hunters.  Recent times, however, have seen the euro exchange rate drop, a fact which has inevitably impacted on the tourist industry throughout most of Europe as the costs of food, drinks and other holiday essentials have risen.  Determined not to be set back by the world’s money markets, however, Spanish businesses are responding by cutting their prices, making the area once again a truly competitive choice.

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Spanish Property Sales On The Increase

There is no denying that the Spanish property market, like many others around the world, has been hit hard by the current recession, but if the figures just released are anything to go by, it looks as though things may be turning the corner.

Last Friday saw the Spanish government report the first increase in house sales in three years.  In the final quarter of 2009, property sales rose by 4.1% against the same period of last year, making it the first year-on-year rise since 2006.   With a total of 130,572 properties finding their way off the market between October and December, this represented a 21.4% increase on the period between July to September.

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