Can COVID Lead to Change for Ibiza The sudden decision of the UK Government to impose quarantine on citizens returning from holiday and subsequent Foreign Office advice against travel to Spain and the islands has effectively halted the return of British tourists that began with such optimism during the first two weeks of July. Â […]
Good News For Future Property Sales Industry insiders are forecasting that the Spanish property market will recover to around 80-90% of its pre-pandemic levels by the end of 2021. Â After a slow emergence from a period of hibernation during confinement the real estate sector of Spain’s economy is already starting to see steady progress. […]
Spanish Property Market Begins Recovery Latest indicators show that the Spanish property market will thrive again in 2020 once the world’s economies begin to recover from COVID 19. Â Domestic demand is expected to drive the renewed activity following pressure applied to the Government by the Association of Promoters and Constructors in Spain (APCE) to […]
Spanish Tourism Counts the Cost of C19 The Spanish Federation of Housing and Tourist Apartments (FEVITUR) published recorded losses in Spain’s tourism industry of almost 450 million euros at the end of April. This includes the normally lucrative Easter Holiday and represents a sharp decline which is comparable with the financial crisis of 2008. The […]
Property Recovery from Covid-19 Unprecedented situations inevitably lead to speculation, so it is unsurprising that experts have tried, and struggled, to predict the future once the world recovers from the COVID-19 pandemic. Â The Spanish property market could never have avoided the effects of a virus that causes global quarantine and a pandemic that is […]
New Era For UK Buyers In Spain On the 31st January the UK finally left the EU after 47 years and entered a transition period until December 31st this year. During 2020, negotiations will take place before any major changes are seen to affect the rights and restrictions of UK citizens living and working in […]
New Year – New Spanish Property Market The end of 2019 saw the Euribor fall to -0.261 compared with its standing of -0.129 the previous year. Euribor, or the Euro Interbank Offer Rate, is a reference rate that is constructed from the average interest rate at which eurozone banks offer unsecured short-term lending on the […]
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