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Spain’s boost from record visitors and spending

Spain’s boost from record visitors and spending

Spain’s boost from record visitors and spending : : Spain attracted 82.8 million international visitors in 2018, a new record boosted by 18.5 million British holidaymakers and property owners. It was the sixth successive year for growth, achieved by a fourth quarter spurt in arrivals.

Visitors stayed for around a week on average and spent a record amount of €146 per head per day, according to the report from the National Statistics Institute (INE).

For the sixth year in a row, Spain has set a new record for foreign tourist arrivals. There were 82.8 million international visitors last year, a rise of 1.1% from 2017.  Spain’s boost to the economy amounted to €89.9 billion, representing a 3.3% increase from 2017.

Record number of North American tourists

More Americans than ever before arrived in Spain during 2018 – an increase of 11.8% – despite renewed competition from Greece, Tunisia and Turkey. Tourism from Scandinavia dropped 0.7% to 5.7 million and Germany, second biggest market after Britain, had a drop of 4.1%

However, 2018 was the year that tourist destinations like Barcelona, Ibiza and Mallorca clamped down on unregistered tourist lets, threatening fines for owners and agents. This follows protests from locals faced with increased property prices and hooliganism. Mallorca is seeking to ban 18-30 style holiday groups after confrontations and balcony deaths.

Offers on bank-owned property in Spain

Offers – Spanish banks want the properties off their books and will listen to realistic offers. These are formally submitted to special committees that meet weekly and will generally provide an answer with two weeks. However, as the selected property remains on the market, there is the chance it may sell directly off the website or through a higher submitted offer. Walker Property Spain have a well-honed purchase management service for buyers.

Legal – All bank controlled property is fully legal and as such qualifies for generous mortgages.  However, we advice all buyers to hire their own independent Spanish solicitor to check all paperwork, undertake conveyancing and registration and assist with utility provision etc. We can provide firms who have assisted previous buyers successfully.

Endeudamiento/DTI – This is the debt-to-income ratio, and is the percentage of your net income which your total mortgage and loan payments will represent. For example, if your net income is 3000 Euros per month, you already pay 750 Euros per month for your existing mortgage, and the mortgage applied for will have repayments of 250 Euros per month, your Endeudamiento/DTI will be (250+750)/3000 = 33%.  NB – if you are renting out a property longterm, some banks may also include part of your rental income in this calculation.[/vc_column_text][/vc_column][/vc_row] Check latest mortgage offers

Author : : Elliott Barnett, international property writer | Image: Shopping in Spain remains a top tourist attraction. 

More info Can Spain cope with more tourists? | Palma, Mallorca bans holiday apartments    

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Buy to rent resort vacation homes at La Manga Club

Offplan release June 2018 : : Buy to rent resort vacation homes at La Manga Club. Located in the central part of internationally renowned La Manga Club. The Las Acacias sector, is planned as a collection of villas and luxury homes of 2, 3, and 4 bedrooms with private parking and a private pool.

The plots are sized between 500m2 and 742m2 and enjoy a privileged location with views of the Mar Menor (Little Sea) and the rest of the gated resort. Their minimalist design and quality finishes mark a before and after in the resort’s architectural philosophy, creating an exclusive community that is an homage to design and detail. 

Because they are located in one of the best resorts in Europe, in addition to enjoying the wonderful amenities within your home, as a Las Acacias owner you’ll also be able to access the resort’s services, including the professional golf, football, and tennis facilities, the extensive spa and Wellness Centre, and the many bars and restaurants, often with exclusive discounts and promotions just for residents.

This integration into a community isn’t possible if you invest in new real estate projects or those that have not yet been consolidated. La Manga Club owners know that they have invested in a sure thing: a thriving and safe community in which thousands of families have already established residence.

Buy to rent resort vacation homes at La Manga Club | Launch prices 

2 bedroom & 2 bathroom from  617.000 €
3 bedroom & 3 bathroom from  715.000 €
4 bedroom & 3 bathroom from  892.000 €

In this case, the benefits aren’t derived from living permanently in wonderful surroundings, but rather in earning a steady economic income from renting your apartment without giving up the option of spending a number of days there every year. This model of buying a property for the purposes of renting it out is called buy-to-let or buy-to-rent, and it’s an investment that is of particular interest in resorts like La Manga Club.

Because in addition to the permanent influx of temporary residents – holidaymakers, sports enthusiasts – there are also additional specific benefits, including the fact  the resort guarantees the rental for 18 weeks a year. These agreements are completely legal and include an option delegate the management of the rental to an experienced and professional team on the spot. 

La Manga Club international brokers, Walker Property Spain can supply availability and details. The firm’s Fly to Buy and purchase management services organise viewings of these and other short-listed property opportunities.

Author: Kevin Barnett, international property journalist.

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Invest in the best golf resort in Spain

Bargain priced apartments, plots and villas at La Manga Club, Costa Calida

Invest in the best golf resort in Spain: After the Spanish property boom and bust, the market that “died of success” is springing back to life with rising mortgage applications and sales marking the strong return of business as usual.

At the end of the 1990s and the beginning of the 2000s, buying real estate in Spain became one of the pillars of the economic boom that the country enjoyed in those years. But unregulated practices led the sector to “die of success”, and everything came to a crashing halt with the crisis recession in 2007.

Now, in 2018, the market is on the way up again and opportunities to invest are abundant, as the price of assets is beginning to bounce back at a rate that, according to the pundits, will remain steady in the future. Among the many investment options available in Spain buying in consolidated resorts like La Manga Club is one of the most interesting. It offers security, a guaranteed rental income, extra services, and a diversity of quality homes that can meet the needs of many buyers.

Choose from offplan or resale villas or apartments

Named by the magazine Today’s Golfer as the best golf resort in Spain for the seventh year in a row, and among the 5 best in the world, La Manga Club in Costa Calida is a tranquil and safe residential community offering a broad range of services. In an area that is a true seaside paradise, with sunny days and a mild climate throughout nearly the entire year, its excellent connections to the major European capitals mean that in just a few hours foreign residents can easily reach their homes.

These are benefits that will never go out of style. Currently, La Manga Club has two essential product lines: new builds and resales. Among the first group, the standouts are the Las Acacias luxury villas and the Las Lomas Village tourism apartments, while the second group consists of a wide variety of properties all over La Manga Club of different sizes and configurations.

Prices start at under €100,000 for one-bed homes and international brokers, Walker Property Spain can supply availability and prices and organise viewings of short-listed properties

BY: Kevin Barnett, international property writer 

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Beware Airbnb trap as Spain cracks down on rentals

Beware Airbnb rental trap as Spain cracks down: The popularity of specialized portals like Airbnb has made the rental of apartments or rooms to tourists a real modus vivendi in many cities. This boom has produced unwelcome competition for the hotel sector, forcing Spanish authorities to regulate these practices.

Property owners in Spain have now to register and obtain a tourism license in order to rent their properties. If you rent without one, you can be fined up to €10,000.

This is a risk that doesn’t exist when you buy real estate at custom-built holiday resorts such as La Manga Club because  property zoning demands a group of apartments designed and built for tourism rentals.

The buy-to-let apartments at La Manga Club were not conceived as permanent residences, but rather in the context of a holidaying scheme. Benefits of Las Lomas, La Manga include the option of staying in your own apartment for several days or weeks per year, or selling or leaving the property to family members if you so choose. 

How to maximise rental resort return

The other major benefit of buying a buy-to-let apartment in a resort is the quality and professionalism of the complimentary services. This includes maintenance, check-in and check-out, the advertising, payments, security and housekeeping…

These factors demand constant attention, an investment of time and energy, that cannot always be expended by the owners if they live in a different country. Buying a property at La Manga Club takes care of these details so that your visitors’ stay is perfect and unforgettable, and turns them into loyal guests and promotors. 

So, whether you’re looking for a permanent home or to draw a revenue through tourism rentals, buying in a leisure resort is an interesting investment in terms of its low risk, good earnings. Also, the security of operating within a legal framework, and the quality and services enjoyed by the owner and/or resident are important factors to consider.

If you’re thinking about investing in the real estate sector in Spain, contact international brokers, Walker Property Spain. They can organise viewing and purchase at La Manga and similar resorts across Spain. Specialists who can help you to secure the home and finance that best fits your needs – and produce the best returns.