Spain Property News

Provisional 2011 data shows air traffic for Palma at 22,726,459 passengers, a 7.6% increase on 2010. With Mallorca on a high, Palma this month launched a public-private “Palma 365” campaign to encourage year-round tourism to this Balearic city.

With passenger stats for 2011 (22,063,288) already outstripping those of 2010 (21,117,270), Palma de Mallorca has received more good news courtesy of Ryanair. The no-frills carrier is to set up a new base at the Balearic Airport in March 2012.

Spain’s Institute of Tourism Studies (IET) has recently revealed that almost one fifth of the 32.2 million passengers who chose to fly to Spain with low-cost airlines between January and October this year landed in Mallorca’s capital - Palma.

With new offices in Mallorca’s Port Andratx and Santa Ponsa as well as across in Ibiza Town, Mallorca Sotheby’s International Realty has installed heavyweight Sales Director Regan Berger to take on a key role in the Company’s rapid expansion.

In an extraordinary 7 days GoldAcre Estates has sold 12 Townhouses on Caleta de Fuste’s unique Miramar residential development on the Canarian Island of Fuerteventura, Spain

As the Royal British Legion prepares for its 90th anniversary in November, Mallorca Sotheby’s International Realty is honoured to offer its sponsorship to the annual Poppy Ball which takes place in the City of London on anniversary eve.

While real estate investment in many countries flounders, foreign interest in Brazilian property has never been higher. 2011 saw record investment in Brazilian real estate and analysts expect more of the same this year.

Building 3 million properties in Brazil by the end of 2014, the Minha Casa Minha Vida social housing programme is by far the biggest investment in Brazilian real estate. And according to the Brazilian President, it’s about to expand.

One of the first foreigners to invest in Brazil, US billionaire Sam Zell maintains his bet on Brazilian investments. His latest acquisition includes the controlling stake of Tha Group, specialising in property in Brazil.

Provisional 2011 data shows air traffic for Palma at 22,726,459 passengers, a 7.6% increase on 2010. With Mallorca on a high, Palma this month launched a public-private “Palma 365” campaign to encourage year-round tourism to this Balearic city.

On the back of strong economic growth and big demand drivers, Brazilian real estate ranks among global leaders for foreign investors. Brazilian property is placed as top emerging market for investment and second for capital appreciation.

From 3 January the Spanish authorities have changed the rules on how foreign property buyers obtain their fiscal identification number or NIE. Every purchaser now has to attend in person. Chris Mercer of Mercers Ltd is unconcerned with the change.

2012 gets off to a flying start for investments in Brazil. The news that Brazil now ranks as the world’s sixth largest economy confirms the potential for Brazilian investment opportunities.

At a press conference on 23 Dec the Mayor of Alhama de Murcia said “there is no going back for the Paramount-branded Park”, “there are investors”. Local estate agent Mercers believes these reassuring words will silence the Paramount doubters.

With passenger stats for 2011 (22,063,288) already outstripping those of 2010 (21,117,270), Palma de Mallorca has received more good news courtesy of Ryanair. The no-frills carrier is to set up a new base at the Balearic Airport in March 2012.

Spain’s Institute of Tourism Studies (IET) has recently revealed that almost one fifth of the 32.2 million passengers who chose to fly to Spain with low-cost airlines between January and October this year landed in Mallorca’s capital - Palma.

With new offices in Mallorca’s Port Andratx and Santa Ponsa as well as across in Ibiza Town, Mallorca Sotheby’s International Realty has installed heavyweight Sales Director Regan Berger to take on a key role in the Company’s rapid expansion.

Brazilian real estate continues to perform strongly, particularly in the commercial sector. Forecasts for the rest of this year are excellent since demand for investment opportunities within the property market in Brazil remains high.

In an extraordinary 7 days GoldAcre Estates has sold 12 Townhouses on Caleta de Fuste’s unique Miramar residential development on the Canarian Island of Fuerteventura, Spain

Brazilian real estate continues to have the edge over most others in the world after a record third quarter in sales volume. Along with China, Brazil is the preferred destination for real estate investment opportunities.

A trio of key progressions in Murcia - the Paramount-branded Theme Park, a new international airport at Corvera and the imminent AVE train network extension – have kept the Region in the headlines and local estate agent Mercers in a selling groove.

With its strong economy, booming investment opportunities and solid demand drivers, Brazil continues to ride high. Not only is confidence high at home, Brazil is making waves abroad too.

Stephen Dight, Managing Director of Mallorca Sotheby's International Realty, reflects on 2011 and looks forward to 2012:

3 million social housing units in the Brazilian real estate programme Minha Casa Minha Vida will not be enough. Government figures say Brazil will need 23 million properties over the next 20 years just to meet demand among low-income families.

As the Royal British Legion prepares for its 90th anniversary in November, Mallorca Sotheby’s International Realty is honoured to offer its sponsorship to the annual Poppy Ball which takes place in the City of London on anniversary eve.

Exclusive estate agent Mallorca Sotheby’s International Realty has noted a widening price gap between first line sea view homes and the countryside equivalent. Requests for Mediterranean-front property outweigh inland by a huge five to one ratio.

Residential property in Brazil is not the only real estate sector experiencing a boom. A recent report finds that Brazilian commercial real estate stands out in Latin America as a top investment opportunity.

Murcia estate agent, Mercers, has just experienced its best summer sales period for five years. Murcia is attracting an international audience lured by four key factors – the Paramount-branded Theme Park, golf, accessibility and, above all, price.

The market for property in Brazil continues to move fast, powered by huge demand from the middle classes. Within this dynamic market, north east Brazil seems to have the edge on potential for investment in real estate.

Confidence in Brazilian investments continues to grow. Both Brazilian executives and foreign investors are bullish on the prospects for investment in Brazil.

Minha Casa Minha Vida has been described as the largest Brazilian real estate investment in decades. Figures just released for Rio Grande do Norte state explain why.

A chronic shortage of property and 1.5 million new families a year bring strong growth for the Brazilian real estate market. And with 20% growth predictions for the next five years, the carnival continues for property in Brazil.

Obelisk International announces the launch of the definitive information site for Minha Casa Minha Vida investments. This new site provides investors with vital insight into a niche market in Brazilian real estate.

The first official index tracking Brazilian real estate is about to become a reality. The first state and regional statistics are expected by the end of this year.

Clear evidence of the expansion of the Brazilian property market comes with the news that 67% of the Brazilian population are in a position to buy a home. And this percentage is rising with the implementation of Minha Casa Minha Vida.

Beachside Spanish property has always commanded a premium, you still can expect to pay in excess of 1mn € for a prime beachfront apartment in Marbella. In Murcia it's different, 99,000 euros for a two bed within five mins walk of Blue Flag bliss.

Latest Government and TINSA (valuation consultancy) figures for June 2011 clearly show the Balearics faring better than mainland Spain. Mallorca Sotheby’s International Realty explains the Island’s resilience.

The draw for the first Minha Casa Minha Vida development in Parnamirim took place recently. 352 families are now the lucky owners of apartments in the largest programme for property investment in Brazil.

Thanks to a combination of rock bottom prices and excited anticipation surrounding the Paramount-branded Theme Park, Murcia has been declared ‘top climber’ search term on the UK’s leading overseas property portal, rising 11 places in June 2011.

New York recently hosted the Bloomberg Link Brazil Conference. The event brought together Brazilian investment experts and their views on Brazil’s economy and future.

With the publication of the rules and regulations for Minha Casa Minha Vida 2, pre-approval for the development of 860,000 homes should soon be underway.

When the Hamiltons purchased their holiday home in Camposol Golf, Murcia, they had no aspirations for amassing a property portfolio. However news of a Paramount-branded Theme Park encouraged them to purchase an additional home.

According to Murcia’s regional government, construction of the Paramount-branded Theme Park in Murcia could begin as early as February 2012. Promoters pledge that works will be fast and may well complete in 2014 - a year ahead of schedule.

Carobtree has been successfully marketing property on the Spanish Costa Azahar for a number of years and has just launched their new multilingual website.

During the 35th session of the UNESCO World Heritage Committee held this June, Mallorca’s Serra de Tramuntana was recognised for its outstanding universal value and has now earned a place on the World Heritage List for its continued protection.

The rich cities of the south east have traditionally been the main focus of Brazilian investment. But recent increases in living standards have led to investment in Brazil moving to other parts of the country.

The government has just announced the 2nd phase of Minha Casa Minha Vida, currently the largest single investment in Brazil property. This phase of the social housing scheme will allow millions more Brazilians to own a property.

It’s no secret that the Brazilian real estate market is booming. For many analysts, this is just the beginning of a long positive cycle for property in Brazil accompanied by steadily rising prices..

Brazil has just published its economic results for 2011’s first quarter. Highlights include a GDP growth of 1.3% and an 8.8% increase in investment in Brazil.

When it comes to retail investment, Brazil has the highest market potential among 30 developing countries. And investment in Latin America retail opportunities dominates the rankings.

Polaris World's main creditors have supported the golf-driven resorts and are focussing on clearing the inventory of unsold property. Good news for buyers as you can buy a home at Condado de Alhama for cost price of 85,000 euros – a 58% discount.

Brazilian real estate is entering a period of sustained growth likely to last 15 years. This very positive scenario makes investment in Brazilian property a must for any portfolio.

While Brazilian real estate is undoubtedly good value, certain residential pockets of Brazil are only for the very wealthy. And the forthcoming sporting events mean prices for property in Brazil’s hot spots will only get higher.

One way of gauging a property market is to take a look at real estate funds.

As world economic power gradually shifts towards emerging markets, Chinese investments in Brazil are booming. In 2010, trade between the two countries reached an all-time high.

As investment in Brazil expands so does the perception of Brazil as a secure investment destination. The differential between Brazil and the US recently reached its lowest ever reflecting big investor confidence in Brazil.