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19 April 2006
MADRID — Expats are emerging as a driving force in the Spanish economy, boosting demand for new housing, analysts say.
House-buying by expats helps to sustain the country’s construction boom, reports the British daily The Financial Times.
"There is no risk of a property crash in Spain in the short or medium term thanks to new demand generated by immigrants," says Angel Berges, a partner at Analistas Financieros Internacionales, a Madrid consultancy.
ALICANTE — European expats choose to move to Spain for the quality of life, a study finds. The report, by the European Observatory for Social Tendencies based at the University of Alicante, focused on migration within the European Union.
Tags: spain, expat, property, relocation
Barcelona is one of the world’s most dynamic cities,with a rich blend of cultural delights and 24 hour hedonism. It’ssituated between the Costa Brava and the Costa Daurada, which is arugged and beautiful region, located on Spain’s north eastern tip. TheCatalan capital, Barcelona resides on a coastal plain that stretchesaway into the hills beyond, and blesses the city with breathtakingviews.’
Love and life quality make people move abroad |
‘BRUSSELS - Love and the search for a better quality of life are themain reasons most Europeans home to move abroad, a EuropeanUnion study showed.
The report said only 2 percent of EU citizens chose to move toanother European country. Of these, 30 per cent said they were leavinghome to follow their partner or family and 24 per cent said they wereseeking a better quality of life.’
The big dilemma on Costa costs is not finding, but financing
By Stephen Ellis
(Filed: 09/03/2006)
‘Morepeople than ever, even expats, are opting to beat the winter blues with a second property overseas where it is warm all year round - but whatis the best way to pay for it?’
The number of Britons owning second homes abroad now exceeds a quarter of a million people, at 257,000.
Anofficial report today says British families have invested more than 23GBP billion in overseas property, with most of that invested in Spain and France although increasing numbers are turning to Canada, the Caribbean and New Zealand.
But people buying villas and apartments have been blamed for soaring house prices in areas of France, Spain and Italy.
Figuresreleased by the Office for National Statistics show that more than amillion families in England own a second home, the vast majority ofwhich (72 per cent) are in England, with five per cent in Wales andScotland, and the remainder overseas.
“In recent years theincreasing affordability and accessibility of foreign property marketshas contributed to a rise in the number of UK households that ownsecond homes abroad,” the report, Social Trends, says.
“Between 1999-2000 and 2003-4 the number increased by 45 per cent.”
