Archive for April, 2011

 

April 21st, 2011

The Spanish house price index figures for March 2011 have just been released. See the graph and the table below for an up to date overview of the real estate market trend in Spain.

Spanish House Price Index - March 2011

The graph and table data represent the year-on-year evolution of Spanish property values. For example, if the value for August 2009 would be -3.9, then this means that average property prices in August 2009 are 3.9% lower than they were a year earlier, in August 2008.

The graph and table on this page contain up to date information for the past 13 months. For more information, please look at earlier monthly reports, or the historical overview since January 2001.

The graph and table data are based on actual property valuations, as established by one of Spain’s larget independent property valuation companies, Tinsa S.A. They are not based on asking prices or (under)declared selling prices, nor on the statistics as provided by the Spanish Ministry of Housing, and are therefore considered to be the most acurate and reliable source for this kind of information.

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April 19th, 2011

Forget holidays at home and cut-price breaks to Turkey, if you’re looking for value for money the Spanish Costas are the most affordable destination in Europe.

Al fresco dining at yacht club El Candado, in Málaga city © Montes de Malaga Real Estate

British holidaymakers will get more for their cash on the Iberian Peninsula than any other hotspot, with prices in Spain dipping to a four-year low, according to a new survey.

Recession-hit Spain has slashed prices after the number of Britons visiting the country dropped by 15 to 20 per cent, due to the double whammy of financial woes at home and the buoyant euro.

Hotels, food and other everyday items are now more affordable in Spain than in any other holiday destination.

A three-course evening meal on the Costa del Sol costs on average £23.58 compared to £37.74 in Greece and £43.86 in the Turkish resort of Marmaris.

And when it comes to other items such as suncream, a bottle of beer, insect repellent and soft drinks, Spain’s Costas also come out on top, with prices often half those found in other holiday resorts.

According to the poll by Post Office Travel Money, Miami is the most expensive destination, with a meal and nine everyday items averaging a whopping £92.81.

The same items cost more than £80 in France and Italy and more than £70 in Brighton, Egypt and Cyprus. In Spain they came to just £42.15.

After years of high prices and low visitor numbers, Spain is now 36 per cent cheaper than it was in 2007.

Its affordability is making it a favourite holiday destination with Britons once more, with visitor numbers up 11 per cent year on year for 2011.

‘As we can see from the Post Office figures, Spain is offering extremely good value and it’s not just restaurateurs dropping prices, but hoteliers as well,’ said Sean Tipton, spokesperson for ABTA The Travel Association.

‘The pound has rallied against the euro, but the exchange rate problem has been completely wiped out by the low prices being offered.

‘Spain should be congratulated for recognising the problem and doing all it can to change it and encourage holidaymakers back.’

Story from Daily Mail

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