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HOME sales across Spain rose by almost 20 per cent in June, heralding a hugely significant increase, which led to the greatest number of private property transactions since January 2013.

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There were 36,856 sales across the period, which became the fifth consecutive month to see year-on-year increases.

Second-hand homes drove the surge, accounting for more than 30,000 of the sales, while coastal locations played a considerable role in the improvement.

The Balearic Islands, Valencia and the Canary Islands were the provinces registering the greatest number of sales per 100,000 residents, while Andalucia clocked up the most in volume at 7,496.

The data, published last week by the National Statistics Institute, comes at a time when Spanish real-estate is enjoying a steady and serious recovery, as yet incomparable to the voracious pre-crisis figures, but far more stable and enjoying a firm degree of investor confidence.

Indeed Spain is now considered the ninth most popular destination for international investors in the real-estate, construction and property markets, while the legions of private foreign buyers continue to grow.

With all the key markers seeing solid results, consistently improving across recent years and months, confidence has also returned to the street as local residents and younger professionals move away from renting and towards home ownership.

The good news is coupled with an optimistic forecast from famous holiday-home builder Taylor Wimpey who expects ‘good progress’ in the sector throughout 2016. Their statistics show a startling 20.4 per cent jump in the average selling price of a Taylor Wimpey built home, from €284,000 in 2015 to €342,000 this year.

The willingness of international buyers to pay a premium price is especially indicative of enhanced consumer confidence, particularly among foreign residents, a key mainstay of the Spanish property scene.

As the Spanish summer heatwave continues, so too does the growing optimism surrounding its real estate market. According to the most recent findings published by Ernst & Young, Spain is now one of the top ten countries in the world most attractive to prospective investors.

The ‘Real Estate, Hospitality and Construction Capital Confidence Barometer’ report revealed Spain has climbed seven places to be ranked ninth amongst the top countries of greatest interest to investors looking to make an acquisition in the upcoming months. This substantial rise up the ranks has led to Spain overtaking destinations including France and Italy.

And it seems that savvy investors are already seeking out real estate within the Spanish market, as the latest figures from the National Statistics Institute (INE) show that residential property sales increased by 23.6% in May this year. These numbers are the highest recorded since January 2013, confirming the confidence being placed in the current property landscape.

Having observed the market for over twenty years, Marc Pritchard, Sales & Marketing Director for leading Spanish homebuilder Taylor Wimpey España, joins those who are confident in the future of Spanish real estate. He explains,

“Momentum is definitely building within the Spanish property sector and I think we can say that this season, in all terms, is looking to be one of the best in many years, if not the best ever for Spain and the Islands.”

Taylor Wimpey Espana’s latest opportunity is the beautiful sea front development, Panorama Mar, situated on Punta Prima Beach close to the beautiful town of Torrevieja. A Joint Venture project with Grupo Gomendio, this private residential complex offers an array of 2 and 3 bedroom apartments, all designed for both comfort and convenience, with 2 bathrooms and an underground parking space and storeroom.

With prices starting from just €234,000+VAT, every resident will be able to use the three communal swimming pools and Jacuzzi facility, as well as being granted direct access to the beach promenade. Each apartment in the first phase is south facing and therefore blessed with spacious terraces and stunning views over the Mediterranean Sea.

Whilst being an area of natural beauty right on the waterfront, Punta Prima is also blessed with excellent transport links. The San Javier Airport in Murcia is only a 30 minute drive and Alicante’s International Airport is just 45 minutes away.

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://taylorwimpeyspain.com. If you reside outside of the UK you will need to call 00 34 971 706 972.

The most popular holiday car hire hotspots in Europe have been revealed, with Mallorca topping the charts as the location where most British holidaymakers choose to rent a car once they’ve reached their destination.

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According to data from car hire booking agent, autoeurope.co.uk the top holiday destinations based on hiring a vehicle are: Mallorca; Milan; Rome; Barcelona; Pisa; Porto; Marseille; Gran Canaria; Lisbon and Faro.

Luckily for those heading to Mallorca, Barcelona or Gran Canaria this year, filling up your car is cheaper here than any other top holiday spots with the average cost of fuel just €1.08 per litre.

If Milan, Rome or Pisa is top of your list for a holiday, you’ll end up spending a bit more to get around given the cost of fuel stands at €1.37 per litre on average.

Porto, Lisbon and Faro come close with the cost of fuel at €1.33 per litre, while Marseille is slightly cheaper at €1.21.

As a spokesperson for Auto Europe said: “Pre-purchased fuel and return empty can be useful if you’re planning a long journey and in especially when British holidaymakers find it difficult to find a petrol station abroad before returning their hire car to the supplier. However, if you don’t use all of the fuel then the supplier is unlikely to offer a refund for what is remaining.

“The most popular fuel policy option among British holidaymakers tends to be ‘pick up full and return full’, which is usually the most cost effective. It’s therefore the driver’s responsibility to return the vehicle with a full tank of fuel at the end of their holiday, or the car rental supplier could charge you for having to refuel the vehicle themselves.”

“British holidaymakers should carefully read the terms and conditions of the agreement with their car rental supplier to avoid any confusion around the fuel policy such as incurring additional costs once they’ve returned the vehicle.”

TOP 10 HOLIDAY CAR HIRE HOTSPOTS AND THE AVERAGE COST OF FUEL ACROSS EUROPE

Country Petrol (€) Diesel (€) Average (€)
1 Mallorca 1.13 1.03 1.08
2 Milan 1.45 1.30 1.37
3 Rome 1.45 1.30 1.37
4 Barcelona 1.13 1.03 1.08
5 Pisa 1.45 1.30 1.37
6 Porto 1.45 1.21 1.33
7 Marseille 1.28 1.15 1.21
8 Gran Canaria 1.13 1.03 1.08
9 Lisbon 1.45 1.21 1.33
10 Faro 1.45 1.21 1.33

Would you like to visit a country with some of the best beaches in the world? Then grab your swimsuit and come to Spain! You can choose from 586 beaches and 100 marina resorts distinguished with the prestigious Blue Flag award, thanks to their quality and safety. Crystal-clear waters, coves, cliffs, broad stretches of sand, and all bathed in radiant sunshine… Spain has exactly what you want. Spain has what you need.

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Spain has come top of the list of nations eligible for recognition as part of the Blue Flag system. In other words, this summer you’ll find the Blue Flag flying on one out of every five Spanish beaches, and one of every six Blue Flag beaches throughout the world will be in Spain. This award is bestowed by the European Environmental Foundation (EEF). What does this distinction guarantee? Beaches where you can find information on all the nature spaces throughout the area, specialised life-saving services, first-rate water quality, signposted areas for surfing, kite surfing, water craft, pedalos, etc., easy access… You’re sure to feel like taking a dip.

All along the coast of Spain… and inland too
You’ll find a Blue Flag in most of the coastal areas in Spain. If you opt for the north, get ready to see spectacular landscapes and dramatic cliffs. Galicia, in north-west Spain, offers picturesque towns like Sanxenxo, and settings like the Islas Atlánticas National Park with its Rodas beach, chosen by the UK newspaper The Guardian as the best beach in the world. Can you picture yourself lazing there now? We also recommend Asturias with villages like Llanes, and the Basque Country with unforgettable destinations like Getxo.

Do you prefer the Mediterranean? Mild temperatures, warm waters, magnificent palm groves… Try Catalonia, with the beaches in the city of Barcelona itself, or the beaches of L’Ametlla de Mar (Tarragona). You could also opt for the Region of Valencia, with several Blue Flag beaches to be found in areas such as Cullera (Valencia) and Orihuela (Alicante). And what about Murcia? There’s nothing like a refreshing dip at the award-winning beaches of Cartagena.

Now let’s go to Andalusia, in the south of Spain. Imagine vast stretches of sand where spectacular sunsets are practically guaranteed. It is also home to several outstanding beaches distinguished with the Blue Flag including Roquetas (Almería), Marbella (Malaga) and Rota (Cadiz).

If what you want is to explore any of Spain’s islands, there are beaches of guaranteed quality, both in the Balearic Islands (you’ll love their coves and their turquoise water) and in the Canaries, with towns like San Bartolomé de Tirajana and its beaches, or Maspalomas and its amazing dunes. And the autonomous cities of Ceuta and Melilla? They’ve got Blue Flags too!

Fans of inland tourism won’t miss out either. Spain is home to the Costa Dulce de Orellana beach (in Orellana la Vieja, Extremadura), the first freshwater beach to be awarded a Blue Flag. Also, this year A Calzada, in Ponte Caldelas (Pontevedra), reappears on the list, the first river beach to earn the award, and there are three beaches in three municipalities around the same reservoir, Ullíbarri-Gamboa (Álava).

A sea of activities
In addition to relaxing and sunbathing, you can rest assured that you need never be bored on Spain’s beaches. Many of them are favourites with surfing enthusiasts. But there’s a whole lot more! Sailing on board your own boat, water-ski, parasailing, kitesurfing, scuba diving… This year, for the first time, 5 Blue Flags were awarded to sustainable tourist boats offering activities like whale-watching, scuba diving, recreational fishing, and bird-watching.

Nearly 8,000 kilometres of coastline are waiting for you to lie in the sun, dip your feet in crystal-clear water, watch the intense red of dawn… for you to enjoy the sensations offered by the best beaches in Spain.

The Costa del Sol has always been a popular place to buy property, although those wanting to sell may have struggled to find a buyer with so many homes on the market.

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But this year has brought positive news. For example, according to property consulting agency Aguierre Newman, the time it takes for a property to go on the market for sale and then be purchased by a buyer has been reduced by more than half.

Not only that, but the number of new builds that have recently been introduced onto the market has increased by 4.87% from last year, reaching 15,555 homes. This is the first rise since 2007.

Although houses are taking less time to sell, it can still take up to 52 months (previously 104 months) before a multi-family unit of homes/apartments is sold, and around 22 months (previously 55 months) before a buyer is found for a single larger property.

A typical apartment on the Costa del Sol would have an area of approximately 133 square metres, with a price tag of around 223,050 euro. On the other hand, the single villa-type property would measure around 425 square metres and cost 1,007,694 euro.

The prices of the bigger homes have actually gone up 39%, while the price of single-family units have stabilised and remained the same.

New promotions are being launched onto the Costa del Sol market in greater volume than 12 months ago, with 69% more than in 2015. This is showing that there is a renewed demand for residential property in the area, which has been lagging or even non-existent in the last seven or eight years.

Demand from international buyers, who make up 15.4% of the total purchases, is the reason that sales are on the up, with theBrits showing more interest than any other nationality. They are followed by the Belgians, French, Swedish and Germans.

Marbella continues to be the first place that new buyers are looking to purchase a property, although over the last two years much interest has also been shown for property in Estepona.

Prices on the Costa del Sol in general are expected to rise up to 10% between now and next year in popular areas such as Marbella, Estepona or Casares.

Source: www.idealista.com