The number of Brits purchasing real estate property abroad is going down drastically according to a joint study conducted by the global real estate service provider Savills and HomeAway.co.uk. The report shows that about 43 000 properties around the globe belong to UK citizens, the Bulgarian information agency Bulgarian Telegraph Agency informs Saturday. In 2009, however, the number of Brits purchasing abroad is down 80%  [ Read More ]

Spain’s recession-plagued economy contracted for a sixth consecutive quarter in the last three months of 2009, although the rate of decline is easing, the Bank of Spain said Friday. The 0.1 percent drop in gross domestic product is a blow to government predictions that the country would climb out of technical recession at the end of 2009, as other major European economies have. Late Friday the government announced its latest  [ Read More ]

Southern Spain is too good to be true; it has a large desirable coastline, a fantastic natural environment, one of the healthiest climates in the world and is culturally rich. Its geographic location gives it easy reach from Northern Europe. As a result there is simply nothing to beat a gorgeous Spanish Villa for holiday rental. A villa rental that has a pool and an air air conditioning san diego  [ Read More ]

Office space in Bulgaria is struggling as much as the residential market, with a tough year ahead, according to a recent report by Cushman & Wakefield. For grade A, B and C office space, rental values were at their last peak in Q2 of 2008, with a steady decline since. Against this, the vacancy rates have shot through the roof as the global economic crisis has deepened. Office rental in  [ Read More ]

The number of foreign tourists arriving in Spain inched up in January from a year earlier, the industry ministry said on Monday, ending 18 consecutive months of decline for the key tourism sector. The country received around 2.54 million foreign tourists last month, a 1.1 per cent increase over the same period in 2009 with Britain remaining Spain’s main source of visitors, accounting for one-fifth of all arrivals that month.  [ Read More ]

The International Monetary Fund said Thursday that Spain’s fiscal challenges are not as severe as those faced by Greece, reinforcing the message that Madrid has been delivering to the world’s financial markets. In its first official comment on the matter, the IMF told investors that Spain should not be placed in the same boat as debt-laden Greece. “Regarding Spain, we do see differences between their circumstances and those of other  [ Read More ]

As property prices in Spain have tumbled in the economic winter, along with demand in the Spanish property market, coastal property remains top of the list for would-be buyers. Of all property sectors within Spain, coastal development probably saw the largest activity at the height of the market, which now means a plethora of unfinished and currently unwanted sea side units. For those looking for sound profitable property to buy  [ Read More ]

Some parts of Spain are seeing property prices increase but some experts point out that it is affordability that will be a key to a recovery in the country’s real estate market. According to Facilismo.com, Spain’s number one property portal, Murcia has posted the highest house price rises of all the nation’s autonomous regions at 0.24%. This makes it one of a select quartet of communities showing positive growth in  [ Read More ]

Hotel-keepers in the southern Bulgarian town of Sandanski have claimed compensations in the amount of 180,000 levs for the losses incurred by the blockades of the Greek farmers at the border crossings with our southern neighbor. Maria Taushanova, secretary of the local association of the hotel and restaurant keepers and tour operators, said that the sum is just one-thirtieth of the actually incurred losses and future earnings. Only a small  [ Read More ]

Sunny Spain is no longer growing in popularity, whilst the USA and Egypt should be preparing for more and more tourists, according to new statistics from the UK’s fastest growing online independent travel agent. Tourist’s reasons for their destination likes and dislikes are also revealed. When looking at the reasons behind the popularity of certain resorts, travel agency found that 59% of people didn’t find Spain as appealing because of  [ Read More ]