Spain News Round-Up
Here’s a selection of spirit-lifting news snippets that probably didn’t make the headlines with you back home because, well, they were too positive…
More Winter Flights to Spain- Scheduled airline Monarch has added extra flights to mainland Spain and the Canaries for its winter schedule – these include additional services to Málaga over the Christmas period. This is excellent news for those planning an escape from northern European gloom and indeed for those seeking lucrative rental income. It is clear these Spanish destinations are still firm favourites with British tourists for new flights to be introduced at a time when many airlines are cutting back.
Spain has always had an advantage over newly emerging markets as it has a wide selection of flights across all fare bands touching down in the major airport hubs all year-round. Earlier in October The Independent newspaper highlighted the problems faced by owners of holiday homes in more obscure locations who’ve seen flights withdrawn as the airline sees them as only ‘marginally profitable’ against the backdrop of a persistent aviation crisis. The newspaper quoted an international spokesman for the NAEA (National Association of Estate Agents) who said “Rather than buying somewhere rural or isolated on the back of one service, homeowners should choose locations served by more than one carrier, or where there are other easily accessible airports. Key airports such as Malaga, Nice, Milan or Barcelona, for example, will always be safe." The newspaper concluded "If you need a geography lesson to find the place, you probably should be wary of buying there."
Russians Hungry for Spanish Property – As the British and Irish source markets slow down, Spain is courting a whole new set of admirers and it seems the Russians are leading the way. Globaledge, the independent real estate portal, commissioned research on Russian language overseas property searches on the country’s leading search engine, yandex.com and the findings were quite interesting. Whilst Bulgaria came out top, hardly a surprise considering its low prices, close proximity and similarities in culture, Spain came a proud second. It seems that despite it being so far away for Russians (although there is direct air access Moscow-Málaga) Spain offers universal appeal and perhaps their buyers are no different from British buyers when it comes to seeking out sun, sea and a better lifestyle.
Here was Globaledge’s top ten Russian Overseas Property Destinations:
Position Country/region %age of total (Sep 2008)
1 Bulgaria 20.2%
2 Spain 15.0%
3 Abkahzia 6.3%
4 Montenegro 5.7%
5 Cyprus 5.3%
6 Turkey 4.7%
7 Germany 3.9%
8 Finland 3.6%
9 Crimea 2.8%
10 Greece 2.6%
Trafford Centre comes to Spain – Already known as a place to shop til you drop, the Costa del Sol has just learnt that it will play host to a Trafford Centre. Peel Holdings, the retail property investment giant that built the famous shopping mall in Manchester has announced that planning permission has been approved for an 80 acre site on the outskirts of Torremolinos and work is expected to start in early 2009, taking two years to build. Based on its Manchester counterpart, there will be retail, leisure and entertainment space including department stores and a cinema, but also have a Mediterranean flavour with bars, pavement cafés and restaurants with plenty of outside space focussed on a huge outdoor lake.
For further information contact Carrington Estates on 00 34 952 810 868, UK Local Rate 0845 094 1168, emailclick here to visit www.carrington-estates.com