Spain: Still one of the favourite destinations. Strong Enquiries

Having waved goodbye to what was a relatively tough year for the global property market, Kyero.com's latest analysis of the forever popular Spanish property market highlights some interesting findings, identifying that foreign buyers will continue to look for bargain properties focusing in Spain's best known areas.

Kyero.com's enquiry report analysed almost 130,000 enquiries made by email during the second half of 2011 showing that between July 2011 and December 2011 47.3% of enquiries for properties in Spain sat within the £50,000 to £100,000 price range.

Further statistics show that across Spain 31.6% of enquiries made wanted an apartment while 32% desired a 3-bedroom property. Meanwhile, unsurprisingly over half of enquiries - 55% - requested a pool.

Marc Pritchard, sales and marketing manager at Taylor Wimpey España, commented: "The Kyero.com report provides an interesting insight into what buyers want from Spanish property. In 2012 it is important to look at trends in buyer behavior and the interest generated regarding Spanish property to identify how to grab the attention of this year's property buyers."

Pritchard continued: "Indeed, the findings show that by province, Alicante and the Costa Blanca remain the favorite locations for foreign property hunters accounting for nearly 35% of enquiries according to Kyero.com's findings while Malaga in the Costa del Sol followed behind with 14.4%. With this in mind, we at Taylor Wimpey España feel we can meet the needs of customers not only because many of our properties are located in these popular areas but because we can deliver on property type and budget as highlighted in the report."

Source IEAT

For Spanish repossessions CLICK HERE

For the cheapest flights from all the major airlines

Spain: Land deal in Murcia due next month

The land for the Paramount branded theme park in Murcia, Spain, will be officially signed off next month, it has been confirmed.

The Mayor of Alhama de Murcia and local estate agent Mercers said that the deal will finally silence a group of ‘doubters’ who thought the international brand might back out because of the global economic downturn.

But Proyectos Emblematicos Murcianos (PREMURSA), the promoter behind the park and lifestyle centre, confirmed that that it will purchase the land destined for the project at a cost of €15.8 million on 06 February 2012 when details of investors will be revealed.

‘Some have been sceptical about Murcia’s grand plans, understandable given the economic climate, however the Mayor has reiterated the importance of the project in guaranteeing work to a whole generation of young people growing up in Alhama de Murcia,’ said Chris Mercer, director of Mercers.

‘Likewise, if PREMURSA has officially stated its intent to spend almost €16 million next month we can be confident that they have the backing to proceed otherwise €16 million for what is essentially a rather unremarkable piece of land would be a seriously expensive error. All eyes will be on 06 February in anticipation of the biggest step forward in the project to date,’ he added.

The land in question is in Alhama de Murcia and extends to just over 1.8 million square meters of which 774,777 square meters will become the theme park and just over 1.03 million square meters become a lifestyle centre with seven hotels, restaurants, bars, nightclubs and a business district with modern office space, an auditorium and convention centre.

As the land already has plans in place for residential development, planning paperwork should be swift to meet the strict timescales of the Paramount Licensing agreement.


Officially presented in October last year in Madrid, the Paramount branded Park requires an investment of more than one billion euros but will create 22,600 construction and operational jobs and hopes to attract upwards of three million visitors each year from around the world. Building work is expected to commence in spring 2012 with an opening date slated in for April 2015.

PREMURSA has been granted the license to construct and operate the theme park, exclusively in Spain, for an extendable 30 year period. The economic impact of the project could make up 2% of the Region’s GDP in forthcoming years.

Mercer reckons it could become a property hot spot as prices in the area, which are already at bottom prices, will soar when the park is completed. Also rental demand is likely to be higher for workers and for tourists.

Bargain in the area include a two bedroom villa with swimming pool for €125,000 and a five bedroom with pool for €235,000 close to the beaches and the new theme park site.

CLICK HERE for bank repossessions in the area and other great deals