Posts Tagged ‘property’

Spain: Higher profits to rent out property

Spain: Higher profits to rent out property

According to Spanish rental property website, fotocasa.es, Madrid, Catalonia and Canary Islands are the autonomous communities in Spain that are the most profitable to purchase property and later rent out, and now offer higher profits than in previous years. The site has estimated that it would take a property owner one year less than it would have in 2014 to recover their investment. The average amount of time that it…

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Deutsche Bank: Property in Spain to outperform

Deutsche Bank: Property in Spain to outperform

Spain’s real estate market will be one of the most active and buoyant in Europe in the next five years and a top bet for foreign investors looking for the best yields, according to Deutsche Bank. “Spain is expected to be one of the best performing European markets,” the German bank’s Asset and Wealth Management division said in a report published last month.

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Spanish Property Prices Continue to Rise

Spanish Property Prices Continue to Rise

Spain’s property market is continuing the recovery started mid-2014, as the uptick in prices consolidates and foreign buyers return to the scene. Resales seem to be the flavour of the month, according to data from the Property Registrar’s Association for the first quarter of 2015. Prices rose 2.65 percent in January-March from a year earlier, with residential home sales increasing 9.05 percent to 90,534 transactions.

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Spain Commercial Premises Investment Grows

Spain Commercial Premises Investment Grows

Investment in commercial premises in Spain rose to 1.33 billion euros in 2014, an increase of 330 million euros from a year earlier, fuelled by attractive rental yields and the positive economic outlook. Financial services providers like family offices and investment funds were the most active players in the market, according to a May report by property consultants Aguirre Newman. And as Spain’s economic recovery continues, boosting consumer demand, top domestic and international retailers have been jostling for positions in prime areas in capital cities like Madrid and Barcelona.

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Basf to Expand Investment in Tarragona

Basf to Expand Investment in Tarragona

With the Spanish economy continuing to expand at a faster rate than its European neighbours, there was further good news on the foreign investment side for Spain. Basf, the largest chemical producer in the world, has announced that it is planning to invest 21 million euros with the opening of a new line at their agrochemical plant in Tarragona, in the country’s Cataluña region. Currently the plant is the largest…

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AXA Completes Buy of Santander Assets

AXA Completes Buy of Santander Assets

Axa Real Estate has given a vote of confidence to Spain’s recovering property market with the acquisition of 381 branch offices from the country’s biggest bank Santander. Axa Real Estate, the largest real estate portfolio and asset manager in Europe, brokered the 308 million euros deal on behalf of a joint venture involving two of its institutional clients. Most of the offices are located in major cities like Madrid, Barcelona and Malaga, but there are also some in prime locations in smaller towns across Spain.

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Spain Economy to Outperform Eurozone Peers

Spain Economy to Outperform Eurozone Peers

Spain’s economy is set to outpace that of its eurozone rivals in the next two years, according to the International Monetary Fund (IMF). As the country’s recovery continues and the outlook for the jobs market improves, albeit slowly, Spanish GDP will grow 2.5 percent this year, up from a January estimate of 2.0 percent, the IMF said in its April World Economic Outlook. For 2016, growth is forecast at 2.0 percent compared with a previous estimate for 1.8 percent.

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Banca March Named Best Spanish Private Bank

Banca March Named Best Spanish Private Bank

For the second year in a row, Banca March has been voted Best Private Bank in Spain by the British publication Global Banking and Finance Review. An undoubted feather in the cap for the Spanish lender, particularly given some of the criteria evaluated by the jury: solvency, bad debts, provisioning levels and the health of the bank’s loan portfolio.

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Spanish Housing Market Sees Yearly Rise

Spanish Housing Market Sees Yearly Rise

For the first time in four years, the sale and purchase of houses in Spain rose in 2014, reflecting the improved outlook for the real estate sector and for the economy as a whole. The number of operations increased by 2.2 percent to 318,389 last year, with second-hand property transactions the main driver behind the recovery. So is the country’s property sector downturn finally a thing of the past?

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S&P Upbeat on Spanish Banks

S&P Upbeat on Spanish Banks

Spanish banks are on course to consolidate in 2015 the improvement in earnings seen last year, according to Standard and Poor (S&P). As the country continues its economic recovery, lenders’ bad debts will decline and profitability will improve, the ratings agency said in a report published in February. S&P expects the banks to post recurrent prextax profit of about 14 billion euros in 2015, up 25-30 percent from a year earlier.

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