Carrie’s Spanish Property Blog – Where would we invest a million euros in 2016?

View More: http://enroute.pass.us/lucasfoxWhere’s the hottest places to invest in Spain right now?

We think 2016 is going to be a very interesting year for the Spanish property market. The recovery is now well underway and gaining momentum, unemployment continues to fall and the economy is set to be the fastest growing of the “Big Four” euro economies over the next two years, according to the International Monetary Fund.

And, if you needed further convincing that 2016 is the year to invest in Spanish property, the OECD’s latest report on homes in Spain are currently undervalued by 26% makes for interesting reading:  www.telegraph.co.uk

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Hot tips

The average price for property sales at Lucas Fox during 2015 was around the 1 million Euro mark, and we expect that figure to be more or less the same during 2016. We thought it would be a useful exercise to ask our regional directors where they would spend the money. So if you are thinking of investing in a Spanish home in the next 12 months, take heed..

BarcelonaLucas Fox logo

“The so-called ‘Golden Square’ of Barcelona is a guaranteed location for property investment as it is highly sought after and located in the heart of the city centre.

Within this area, the prestigious main streets including Paseo de Gracia, Calle Balmes and Rambla Cataluña will never go out of fashion and currently still offer attractive prices, but they are beginning to gently increase since late 2014. We have some great New Development projects coming onto the market in and around these areas. I would purchase a couple of our apartments for sale on Calle Balmes 141 if I could. Ready-to-move-into and instant rental yield (5%)”

2– Karen Storms, Sales Manager Lucas Fox Barcelona

Beautiful renovated apartments in the heart of Barcelona’s Eixample district

Costa BravaCosta Brava LF

“I would invest 1 million Euros in a sea view property somewhere between Begur and Calella de Palafrugell. From an investment point of view, it is hard to go wrong. Prices have dropped by 30% – 40% over the past 8 years yet this beautiful stretch of coastline will always be in demand from wealthy local and international clients.

Furthermore there is very little new construction so supply will never outstrip demand.  There are plenty of re-sale properties on the market in prime locations with great sea views. Many require renovation so it’s worth keeping some budget aside to upgrade the property, personalise and add value”

3– Tom Maidment, Partner Lucas Fox Costa Brava

Charming south facing Costa Brava property to buy in Aiguablava with superb sea views

MaresmeBarcelona LF

“In today’s buyers market, if I had 1 million Euros to invest, I would focus on the one of the best locations of the Maresme Coast – Can Teixidó in Alella. This location is simply ideal, being conveniently located 15 miutes north of Barcelona city centre, a 5 minute drive to the new Hamelin-Laie International School and a short walk from El Masnou Marina.  The area offers fantastic Catalan and Spanish restaurants as well as pristine beaches, making this the perfect location to enjoy a “suburban” Mediterranean lifestyle!”

4– Rafael Rosendo, Director Lucas Fox Maresme

6-bedroom villa for sale, located in Can Teixido, Alella, a short distance from Hamelin-Laie International School and 15 minutes from Barcelona City

SitgesSiteges LF

“If I had 1 million Euros to spend in the Sitges area I think the best investment would be to buy a good plot of land somewhere close to town, with incredible sea views such as Vallpineda, Levantina, Montgavina or Can Girona.

Then I would build a beautiful contemporary home designed and styled to my own personal taste. Not only would you end up with the home of your dreams but it would also be a great investment as it would cost you almost half of what a similar finished build would cost!”

5– Rachel Haslam, Director Lucas Fox Sitges

Large plot of land with plans for a family home with great sea views in Vallpineda, Sitges

ValenciaValencia LF

“With 1 million Euros, I would purchase a renovated apartment within a Modernista building, located in the heart of the Pla del Remei, the most exclusive area in Valencia’s Eixample district and just steps from an iconic example of Valencian modernism, Colón Market.

It is one of the most sought after locations among foreign investors, whom quadrupled in number from 2011 to April 2014, elevating Valencia to 4th place nationally for foreign buyers. El Pla del Remei in particular, is ideal for those looking for a safe, good value long-term investment, and the exclusivity and tranquility that comes with living in the fashionable Eixample”

6– Juan Luis Herrero, Director Lucas Fox Valencia

Beautiful, bright apartment for sale, situated in a period building in the neighbourhood of El Pla del Remei in Valencia’s Eixample district

IbizaIbiza LF

“If I had 1 million Euros to invest in 2016, I would invest in an apartment somewhere along the ‘Golden Mile’ in Marina Botafoch, on the edge of Ibiza Town.

This strip is now THE summer destination and is heavily in demand with those who wish to rub shoulders with the world’s movers and shakers in renowned lavish establishments such as Lío, Heart, Cavalli, Cipriani, It and Pacha. Space is limited here and like Ibiza generally, prices are only going one way. Up!”

7– Jason Ham, Head of Business Development

Fantastic 3-bedroom duplex penthouse in Marina Botafoch, Ibiza Town, with stunning sea views

MadridMadrid lf

“With 1 million Euros, I would invest in a gem of an apartment to renovate in a classical building in Justicia, around Argensola and Plaza de Salesas. For this sum, you could buy a spacious property with plenty of character (200 – 225m2), situated in one of the most fashionable locations in the capital, next to boutiques and trendy restaurants, offering a superb lifestyle and future profit!”

8– Rod Jamieson, Director Lucas Fox Madrid

Luxury 4-bedroom apartment in the gorgeous area of Justicia, right in the centre of Madrid

Marbellamarbella lf

“If I had to choose a location in which to invest 1 million Euros, it would have to be Estepona Town along the beachfront – probably the fastest up-and-coming area on the Costa del Sol. It has been labeled ‘the most attractive town’ on the Costa del Sol thanks to the likes of its narrow cobblestone streets and typical white houses covered in colourful flowers. There are some 30 golf courses in the direct vicinity, a charming marina with a yacht club, restaurants, as well as a local fishing port. Malaga Airport, Marbella, Tarifa and Seville, Gibraltar (Airport) and even Africa can easily be reached from there”

9– Stephen Lahiri, Director Lucas Fox Marbella

Modern 3-bedroom villa close to the beach and amenities for sale off-plan in Estepona, 20 minutes from Puerto Banús

Carrie Frais is Head of Marketing & PR at Lucas Fox 

Do you have a question for Carrie? E-mail her here

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Buy or sell property sector businesses with LM Expert’s newest service launch

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LM Experts launches new property sector business sales and acquisitions service 

Following several months of consultancy and planning, January 2016 saw the unveiling of one of LM Experts newest service additions for property professionals.

The LM Experts property sector sales and acquisitions service is set to assist Directors of property related companies to locate opportunities to buy or sell Ltd Companies, business opportunities, property portfolios, client followings and associated property sector undertakings.4577380

Specialist property sector connections

Speaking at the launch in Rotherham last week LM Expert’s International Marketing Director said, ‘No matter what type of property professional you are; if you have properties or a business/client following that you are now seeking to expand or sell on you’ll want to talk to us. Our specialist service serves to utilise our deep industry connections to our clients’ maximum advantages. We can even put feelers out for clients seeking to start discussions with property professionals who may be in the market to invest or enter a merger.’

Every property sector catered for

The LM Experts sales and acquisition service gives direct access to LM Expert’s and LME Move’s large client base of nationwide landlords, investor clients, auction houses, letting and estate agents, IFAs and conveyancing solicitors. Crucially, the service brings all registered users alerts as to the latest business opportunities before they go out to mainstream markets or feature live on the ‘Acquire/Sell’ page of the LM Experts website and news portal.

Key benefits of the service:

  • No sale, no fee basis.
  • Confidential, NDA, assured service for buyers and sellers.
  • Optional facility to connect buyers/sellers with a choice of expert, commercial solicitors to assist/advise throughout transactions if required.
  • Business sales and acquisitions feature on LM Expert’s dedicated ‘Acquire/Sell’ website section and are also widely circulated to LM Expert’s registered list of genuine, interested property professionals via newsletters, Twitter feeds and partner websites.
  • Specialist market awareness/contacts maximises your chance of success, providing direct exposure to the exact target audience you seek.

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Prime opportunities to buy or sell property sector opportunities – be the first to know

Interested parties wishing to know more about the service or to advertise their interest in buying or selling a property related business should contact mark@lmexperts.co.uk in the strictest of confidence or complete the contact form on the main LM Experts website here

Read further information and view existing business sales and acquisition opportunities on the LM Experts Acquire/Sell page here

Further information about LM Experts and associated group of companies can be obtained from: mark@lmexperts.co.uk

 

Coming soon – LME Move’s landlords’ Buy-To-Let mortgage & re-mortgage service

LME LogoLME Move to launch Buy-To-Let mortgage & re-mortgage assistance

Nationwide property services supplier and co-ordination hub LME Move has announced its intended collaboration with a well respected FCA authorised and regulated group of independent financial advisers and whole of market mortgage consultants earlier this week.

The agreement, when finalised later next month, will see LME Move become an appointed representative of the group and allow the company to introduce its landlord and property investor clients to obtain assistance and access to whole of market Buy-To-Let mortgages and re-mortgages deals.

Timing is everything

Commenting on the agreement LME Move’s Operations’ Director said, ‘With the ever increasing pressure on Buy-To-Let landlords from the recent swathe of rental sector reforms announced by George Osbourne many are considering the best course of action for their portfolios.

We have received numerous requests from our landlords and property investor clients for assistance with respect to mortgage and re-mortgage options.

When it comes to listening to and supporting our clients LME Move always goes one step further. Therefore we are pleased to announce this forthcoming agreement to provide yet another invaluable service for our landlord and property investor clients.’

Obtain assistance and be the first to know4504276

Interested landlords and property investors wishing to review their future or existing Buy-To-Let mortgage options can read more about the service on the LM Experts website here. They can also contact LME Move’s International Marketing Director directly via: mark@lmemove.com

Further information about LME Move’s full range of other nationwide property services for landlords, letting agents and property investors – including gas safety certificates, boiler services, electrical safety certificates, legionella risk assessments, smoke & CO alarms, RICs surveys, out of hours emergency property services and building, plumbing and electrical maintenance services can also be obtained from: mark@lmemove.com or by visiting www.lmemove.comLME Logo

 

Andy’s Auction Blog 18th January 2016 – Now’s the time to swerve the Stamp Duty hike

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Usually our first week of the New Year is a bit of a slow burner, with people taking their time to get back in the swing of things and start thinking about property again. From the moment we reopened on the 4th January, we have been inundated with frantic property buyers desperately trying to find their next purchase(s). We are receiving offers on houses within MINUTES of them going live on our website and our valuers can’t book them into the auction quickly enough.

So why the rush?

Read more

Surrey’s property market is no Monkey business for Chinese buyers

Chinese new yearFebruary 8th marks the start of the new Chinese Year – The Year of the Monkey

  • Prime Surrey estate agent looks to the East as new buyers are attracted to Wentworth
  • New Chinese school coming to North Surrey

February is an important month for the Chinese. February 8th sees the start of the new Chinese Year – this year the naughty Monkey takes over from the staid Sheep.  The Chinese New Year also heralds the start of Golden Week in which many Chinese nationals take a week off, often overseas, to celebrate the start of their New Year.

Read more

Affordability in the UK housing market has got worse and worse

Latest market view from not a yes mans economics

Embedded image permalinkYesterday I watched the UK Prime Minister David Cameron on BBC television as he made various claims about “affordable housing”.  The BBC itself summarised it thus.

“There should be both affordable housing for rent and to buy, Mr Cameron said, but “a shift towards more affordable housing to buy” was needed.

If this is to be the new government policy then it will represent an even larger U-Turn than the recent one on tax credits. This is because as I have covered frequently on here it has been government and Bank of England policy to drive house prices higher for quite some time now. Also along the way the Prime Minister contradicted the speech given by Chancellor George Osborne on Friday and which I analysed then.

I believe we are in the middle of a turnaround decade for Britain.

Mortgage terms are lengthening

This morning has seen a rather awkward development for the Prime Minister and it has been provided by research from the Halifax Building Society today which shows that mortgage terms are lengthening. From the Financial Times.

Read more

 

Latest report from Kate Faulkner: Housing and Planning Bill: Good, bad and ugly!

Kate Faulkner

Kate Faulkner of Property Checklists

Latest report from Kate Faulkner: Housing and Planning Bill: Good, bad and ugly!

According to the government, the Housing & Planning Bill will “transform generation rent into generation buy”. Is there any truth to this claim? Well, I’ve taken a look at the impact this bill is really going to have – the good, bad and ugly bits!

So you can pretty quickly work out this isn’t something that intends to help tenants at all and, as such, also doesn’t help buy-to-let investors. But developers and first-time buyers can look forward to a steady run over the next few years.

And although more new builds being planned will help boost agents’ business, the likely loss of buy-to-let business and the continued expectation of a lack of stock for buyers and rents means they will continue to take the brunt of the government’s and local authorities’ lack of ability to provide enough homes for population of the UK.

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