Spain rivals UK for property price growth

Spain rivals UK for property price growth

Spain
  • 5 Spanish provinces beating UK for property price growth (Kyero.com)
  • Ibiza property prices up 27.2% in past year
  • Visits to Kyero.com up 42.3% in 12 months

Newly published data from Spanish property portal Kyero.com, has revealed that Spain is giving the UK a run for its money when it comes to property price growth.

Annual asking price growth reached 27.2% on Ibiza in the year to January 2017, with five other Spanish provinces comfortably outpacing price growth in the UK over the past year (which stood at 4.5% year-on year, as at December 2016, according to Nationwide).

 

 “The past year has seen 6.9% price growth across Spain as a whole, with a median asking price of €245,000. The market is returning to strength and we’ve seen a number of provinces rivalling the UK when it comes to price growth. That’s great news for those investing in property in Spain, as well as second home owners and retirees who are looking for a good opportunity for capital gain.”

Richard Speigal, Head of Research at Kyero.com

The five provinces enjoying higher annual price growth than the UK over the past year are Tenerife, Mallorca, Cadiz, Gran Canaria and Ibiza, with growth ranging from 8.0% in Tenerife to 27.2% in Ibiza.

That four of the top five destinations are island-based, while Cadiz enjoys a stunning coastal position on the mainland, shows that it’s not just financial benefits that buyers can enjoy.

The cheapest of the five provinces, in terms of average price, is Gran Canaria. Prices there have risen by 12.8% in the past 12 months, with an average price of €227,000. That’s enough for a light and spacious three-bed triplex in San Fernando, or a two-bedroom Playa De Cura apartment with pool and sea, mountain and golf views.

The most expensive of the provinces by far is Ibiza, with an average price of €1.15 million. That’s enough for a large, secluded villa with pool, chill-out area and fishpond. For those looking at Ibiza through entrepreneurial eyes, it’s also just the right amount for a three storey bar and restaurant with a large terrace overlooking the castle.

With annual price growth of 8.7%, Mallorca is the second most expensive of the five provinces. The average property price there is €491,000 – enough for an exclusive Santa Ponsa Nova apartment with an extensive terrace overlooking the pool and lush gardens.

As the only non-island province to enjoy UK-beating growth, Cadiz is generating excitement among buyers on the mainland. Prices there shot up by 8.9% in the last year, while the average price of €269,000 makes it much more affordable than some of its island counterparts. That’s enough an apartment with four bedrooms, an outdoor terrace and ocean views in an excellent location within this lively city.

 

“The competition’s really hotting up now, with the impact of Article 50 on the UK’s property market to be felt over the coming year, we expect to see more and more Spanish provinces outpacing the UK’s property price rises.”

Richard Speigal, Head of Research at Kyero.com

 

That fact is reflected in the huge growth in buyer demand that Kyero.com is experiencing. Property enquiries made through the site have risen by 36.07% in the past year, while overall visitor numbers are up by 42.32%.

Does this mean that UK buyers plan to abandon their own property market in favour of an Iberian one? Only time will tell.

For further details, visit www.kyero.com.

British love for Spanish islands on the up as Valentine’s Day approaches

British love for Spanish islands on the up as Valentine’s Day approaches

Spain
  • 60% of top trending locations based in the Canaries (Kyero.com)
  • New ‘rising star’ locations reflect British hunt for value
  • Lliria, Oliva and Santa Pola all ready to boom this summer

Love is in the air across the UK as Valentine’s Day approaches, from couples opting for an evening out to families looking to fan their passion for holidays in the sunshine. And when it comes to second homes in Spain, British love for overseas property has rarely burned more strongly.

Richard Speigal, Head of Research at Spanish property portal Kyero.com, reveals,

“The Brexit referendum back in June seems to have started a snowball effect. Each month we’re seeing record-beating numbers of searches for second homes in Spain, with Brits eager to pick up bolt-holes within the confines of the EU.”

The latest data from Kyero.com (Jan 2017) reveals that enquiries into Spanish property are up by 36.07% year-on-year, while Kyero.com’s overall audience has grown by 42.32% over the same period. The most popular locations are Playa del Ingles, Torrevieja and Gran Canaria’s Puerto Rico.

Island life is certainly drawing in plenty of enquiries, with six of the top ten most popular second home destinations located across the Canaries. However, buyers are still being cautious with their expenditure while facing the uncertainties that the Brexit process holds. Of the top ten locations, only two had an average price of more than €200,000.

The latest Kyero.com figures also reveal that buyers are increasingly falling in love with areas of Spain that are less well-known as second home hotspots.

Lliria and Oliva in Valencia, and Santa Pola in Alicante, were all new entrants into the top 20 most popular destinations, at positions 16, 19 and 17 respectively. The average price is €110,000 in Lliria, €130,000 in Oliva and €159,500 in Santa Pola, again emphasizing the push for reasonably priced properties in run up to Article 51 being triggered.

“The trend is becoming clearer as each month’s figures come in,” observes Kyero.com’s Richard Speigal. “Brits aren’t letting Brexit affect them in terms of their Spanish property ownership goals. In fact, more than ever seem to be falling for the sun-kissed lifestyle that Spain can offer. But that doesn’t mean they’re not thinking carefully about the future. Caution is very much the watch-word when it comes to Brits buying in Spain these days.

“The new entrants into the top 20 trending locations definitely reflect that. It means that Lliria, Oliva and Santa Pola are all names that are going to become increasingly familiar to Brits over the coming months.”

It’s easy to see why. An average-price, €110,000 property in Lliria is enough for a smartly decorated three-bedroom villa with its own pool, terrace and orchard complete with fruit trees. In Oliva, €130,000 is enough for a stylish second line beach apartment with sunny terrace, on a complex with pools for adults and children, garden areas and communal terraces.

Meanwhile in Santa Pola the average cost of €159,500 is sufficient for a three-bedroom, two-bathroom apartment overlooking the sea with shared pool on a gated complex, with private solarium with barbecue and kitchen.

With properties and prices like these available, the British “Brexit, what Brexit?” attitude looks set to continue working wonders for the Spanish property market over the months ahead.

For further details, visit www.kyero.com.

Brits look to Spain to bag a bargain holiday home in 2017

Brits look to Spain to bag a bargain holiday home in 2017

Spain
  • 37% of Brits currently regretting their Christmas spending (Nationwide)
  • Bargain hunting particularly important to second home buyers in the New Year (Kyero.com)
  • Playa del Ingles and Almeria named top destinations for making a saving (Kyero.com)

According to Nationwide, 37% of Brits will currently be regretting the amount they have spent over Christmas, while 19% will still be paying off their festive spending in March. Across Europe, Christmas spending was projected to hit £77.56 billion in 2016, based on research by the Centre for Retail Research and RetailMeNot. Meanwhile, while in the US, Deloitte’s 2016 Holiday Survey predicted that spending would pass the $1 trillion mark.

Whatever the total cost of the holiday season, the early months of the New Year are certainly a time when bargain hunting becomes a priority for many. Whether it’s the weekly shop or something altogether larger – such as a holiday home overseas – achieving value for money in January and February is a serious business.

Richard Speigal, Head of Research at Spanish property portal Kyero.com, comments,

“Clearly, everyone who buys a second home wants that property to be good value, but at the start of the year we see a particular emphasis on bargain hunting. Buyers are looking for properties that offer something exceptional for the money. Price reductions, even small ones, can make for quick sales at this time of year, as buyers are keen to snap up homes that mean they can make a saving while still achieving their dream of owning abroad.”

Those looking for a bargain holiday home would do well to make use of Kyero.com’s extensive data on market trends to scour Spain for the best areas to pick up under-valued property. The portal offers a dedicated data site to enable this (data.kyero.com) and also regularly reviews their latest search data for the most up and coming areas and those places where prices are lagging behind the national average.

Right now, Playa del Ingles in Gran Canaria is the place to buy for those looking for an up and coming area. Enquiries for properties in the Canary Islands always rise in the winter months, but 2017 has seen Playa del Ingles knock Torrevieja off the top spot of Kyero.com’s trending locations list for the first time ever.

The average property price in Playa del Ingles is €165,000, against €249,000 nationally, making it ideal for bargain hunters looking for all the benefits of Spanish property ownership but without the usual price tag.

For buyers looking for an area lagging behind the rest of the market, Almeria province is an excellent choice. Prices there are currently averaging €129,000 – nearly half the national average.

Despite a spike in sales since the Brexit vote, prices in Almeria have yet to catch up to those in the rest of Spain, creating excellent potential for future capital gains. Mojacar (average property price €165,000), Albox (€126,000) and Palomares (€84,000) are the three top spots, according to Kyero.com’s data.

Of course, discounted properties can be found in many areas of Spain, by those who know where to look. This spacious, three-bedroom frontline beach penthouse in Estepona has been reduced by a staggering €250,000, to €999,000.

Buyers looking for something more traditional can enjoy a €20,000 discount on this five-bedroom cortijo with private pool and terraces, now just €130,000. Meanwhile golfers can take advantage of the €40,000 discount on this three-bedroom villa near La Marquesa, now priced at €159,000.

“Spain offers something for everyone when it comes to bargain hunting,” concludes Kyero.com’s Richard Speigal. “There are plenty of price reductions available to buyers right now and some fantastic areas that offer excellent potential. It’s a buyer’s market for Brits looking to pick up a bargain holiday home.”

For further details, visit www.kyero.com.

Playa Del Ingles knocks Torrevieja off the top spot

Playa Del Ingles knocks Torrevieja off the top spot

Spain
  • More second home buyers searching in Playa Del Ingles than Torrevieja (Kyero.com)
  • Average property value sought in Gran Canaria hotspot, Playa Del Ingles, is €165k
  • Torrevieja remains firm favourite with buyers on a budget

New data from innovative Spanish property portal Kyero.com has revealed that Playa Del Ingles has knocked Torrevieja off the top spot of trending location searches for the first time ever.

Figures from the past month show that more buyers are searching for properties in the stunning Gran Canaria location than in the traditional favourite within Alicante province.

Richard Speigal, Head of Research at Kyero.com, comments,

“Torrevieja is such a renowned hotspot and so popular with buyers of overseas property that we were surprised to see it had lost its crown to Playa Del Ingles. While both destinations are incredibly popular with those seeking sun, sand and good value homes, it’s the first time that our monthly search data has shown Playa Del Ingles to be the favourite.”

Buyers are searching for properties with an average value of €165,000 in Playa Del Ingles, which is sufficient for a two-bedroom apartment in a good location, with either sea views or a pool.

However, those still opting for Torrevieja are on something of a tighter budget, with the Kyero.com figures revealing an average search price of €116,000. That’s enough for a two to three-bedroom apartment with sea views, or even a three-bedroom villa with pool for those happy to live on the outskirts of town.

So, has Playa Del Ingles knocked Torrevieja off the top spot for good?

Unlikely, believes Kyero.com’s Richard Speigal. “Torrevieja has all the elements that make up the perfect Spanish holiday home destination,” he explains. “Playa Del Ingles does too, with both destinations boasting stunning coastline, fantastic food, a welcoming community and great weather. However, Torrevieja has the added advantage that buyers can get more for their money. Ultimately I believe that’s what will push Torrevieja back to the top spot before long.”

For further details, visit www.kyero.com.

Think big – make your New Year’s resolutions to buy a holiday home in 2017!

Think big – make your New Year’s resolutions to buy a holiday home in 2017!

Spain United Kingdom World , , ,
  • Political and economic volatility to create big opportunities in 2017 (easyMarkets)
  • Emphasis on quality of life will be key this year (Kyero.com)
  • Sun-kissed Spanish holiday homes available from just €190k (Taylor Wimpey España)
  • Achieve second home serenity through interior design in 2017 (Alexander James)

Let’s face it, New Year’s resolutions to lose weight, eat more healthily and drink less are all well and good, but they’re hardly likely to get 2017 off to an exciting start. So ditch the traditional resolutions to enjoy life less and instead resolve to enjoy it more – by buying a holiday home!

Evdokia Pitsillidou, Director of Risk Management at pioneering forex and CFD broker easyMarkets, explains,

“In many ways – certainly politically – the world was turned on its head in 2016. Thus many people are entering 2017 with a new mindset and looking at the way they live and their personal finances in a new light. Political and economic volatility may lead to big shifts in currency values and investors playing the markets successfully may consider putting their profits into property this year.”

Richard Speigal, Head of Research at leading Spanish property portal Kyero.com, agrees,

“I think we’re going to see a lot of emphasis on enhancing quality of life in 2017. Certainly our own data has shown that since the Brexit vote British buyers are looking more intensively than ever at the possibilities that a second home in Spain opens up. Sterling’s drop has made them seek out cheaper destinations – Almeria and Alicante are the big winners so far – but we’re experiencing a record level of interest in Spanish property that we expect to continue throughout the year.”

The prices offered by the Spanish property market (as well as Spain’s fabulous climate, excellent cuisine, stunning golf courses and superb beaches), means that British buyers can pick up good value property, even once the drop in sterling has been taken into account.

Leading Spanish homebuilder Taylor Wimpey España, for example, is selling spacious two and three bedroom apartments with generous terraces at La Floresta Sur (close to Marbella), from as little as €190,000+VAT. As well as the development’s two large shared pools, owners can enjoy free access to the facilities of El Soto Golf Club. Each apartment comes fully fitted with white goods and with private parking.

But an overseas holiday home isn’t the only option for those looking to buy in 2017. Robert Walker, Managing Director of Alexander James Interior Design, explains,

“We’re seeing a big trend for staycations at the moment and many holiday home buyers are looking at what they can pick up in the UK, rather than overseas. Jumping in the car and driving to your holiday home whenever the mood suits you is far less hassle than having to plan ahead and book a plane and the money you save on flights can be spent on the property itself.”

Using interior design architects to create a serene, harmonious environment within a holiday home is money well spent. The desire for relaxation is a key driver for many second home owners and with the right interior design service, the feeling of calm and peace as you walk through the front door can be almost palpable. Compare that to the stress of dealing with airports, flights, hire cars and the other trappings of a second home overseas and the attractions of owning a holiday home within the UK are clear.

If you still haven’t decided on how to improve your life in 2017, make buying a holiday home your goal this year!

For more information, please contact:

easyMarkets: +44 203 1500 748 or www.easymarkets.com

Kyero: www.kyero.com

Taylor Wimpey España: 08000 121 020 (00 34 971 706 972 from outside of the UK) or www.taylorwimpeyspain.com

Alexander James Interior Design: 020 7887 7604 or www.aji.co.uk

5 fitness-friendly homes to kick start your New Year’s resolution

5 fitness-friendly homes to kick start your New Year’s resolution

World , , , ,

2017 is here and it’s time to put those New Year’s resolutions into action. And as with every other January, many of us have pledged to get fit and healthy this year.

From student digs to million pound pads, and the very best interior design to entice you to exercise, an on-site gym is the must have motivation for 2017 in order to stick to that new fitness regime!

Here are 5 of the best homes here and abroad with on-site gyms and sporting facilities:

 

  1. Hoola, Royal Docks, London

Available from £450,000, the Hoola studio, two, and three-bedroom apartments, boasting stunning glass balconies as well as floor-to-ceiling windows, benefit from a range of onsite facilities including a gym, resident’s business lounge and concierge.

A spectacular garden is available to all residents with soft and hard landscaping that includes semi-miniature trees and dramatic water features making it the ideal home to hit the gym before or after work then relax and rejuvenate in the stunning gardens.

  1. Fusion Tower, Bristol

Providing exceptional student accommodation, Fusion Tower enjoys an incredible location within Bristol’s city centre. Offering elegant and innovative student apartments, Fusion Tower has been designed by a team of leading architects, interior and graphic designers.

On-site facilities include a private gym which provides Bootcamp, Dance and spinning classes to make sure that students are kept on track with for fitness goals, all included in the £134 per week rate.

 

  1. Whitelands, St Georges Hill, Surrey

The award-winning Alexander James Interior Design architecture team redesigned the basement of this stunning 6 bed, 5 bath property to appeal to any fitness fan.

The grand 14,500 sq ft property, located on one of Surrey’s most premier private estates benefits from a hydraulic swimming pool, dedicated vitality spa and gymnasium designed and dressed by Alexander James Interior Design.

And for those that want to take their training on vacation, homes in Spain with outdoor and indoor fitness activities can help ease the January blues.

 

  1. Marbella, Costa del Sol, Spain

This stunning unique 10-bedroom villa located within the super exclusive gated community of La Zagaleta on the Costa del Sol features a fabulous spa on the ground floor with saltwater swimming pool and choice of saunas (classic, steam bath, salt bath, caldarium), all with access to a large covered terrace and Jacuzzi. The second floor also houses a separate gym for those who want a more intense, private workout.

 

  1. Horizon Golf, Mijas, Costa del Sol, Spain

As well as the three 18-hole golf courses, hydrotherapy centre and spa on site, the exclusive apartments of Horizon Golf also enjoy access to the golf school (La Cala Golf Academy) and an array of sports facilities including two running circuits and specialised trainers on hand to improve technique.

From just €270,000 +VAT for an apartment, residents of these exclusive properties will enjoy breathtaking view of the prestigious golf course and the Costa del Sol’s sun kissed coastline, spacious terraces perfect for al fresco dining and the convenience of a private garage space.

 

For more information, please contact:

  1. Hoola, London: Properties of the World: http://propertiesoftheworld.co.uk/ or call +44 20 7624 5555
  2. Fusion Tower, Bristol: Collegiate AC: www.collegiate-ac.com or call 01235 250 140
  3. Whitelands, Surrey: Alexander James Interior Design: www.aji.co.uk or call 020 7887 7604
  4. La Zagaleta villa, Spain: visit www.kyero.com
  5. Horizon Golf, Spain: Taylor Wimpey España: 08000 121 020, +34 971 706 972 or http://taylorwimpeyspain.com
New Year, new project – 2017 set to see the resurgence of ruins says Kyero.com

New Year, new project – 2017 set to see the resurgence of ruins says Kyero.com

Spain
  • Demand for Spanish properties under £50k more than 4 x supply levels
  • Ruins available from as little as £5k
  • Politics and pressures of modern life pushing many to live the rural renovation dream

New Year is a time for making changes and taking on new projects – and few projects bring with them the challenges, excitement and rewards of renovating a ruined property.

In fact, data from Spanish property portal Kyero.com has revealed that demand for properties below £50,000 is hugely outstripping supply. The portal’s latest figures show that demand for such properties is more than four times supply levels.

Richard Speigal, Head of Research at Kyero.com, explains why 2017 looks set to be a big year for property renovations in some of the most beautiful parts of rural Spain,

“There are a host of factors pushing buyers towards ruin renovation at the moment. We’ve seen from the huge boom in searches for Spanish property that the Brexit vote seems to have, if anything, whetted Brits’ appetite for Spanish homes rather than driving down interest. At the same time, buyers from the UK are looking for cheaper solutions as a result of the pound’s decline, so buying a dilapidated farmhouse and doing it up is an attractive option.”

Owning a property in Europe ‘just in case’ is certainly something that appeals to many of those facing the UK’s rather uncertain, post-Brexit future.

The advantage of buying a ruin is undoubtedly the price: a tumbledown, four bedroom, two bathroom farmhouse in Maella, Zaragoza province, can be picked up for just €6,500. Naturally, it needs a lot of work, but the walls are in good condition and the tranquil setting is the perfect antidote to the stresses of modern-day life. The coast is an hour’s drive away and the bright lights of Barcelona can be reached in around two and a half hours.

Those feeling the strain of the UK’s overcrowded cities, daily routine and chilly winter weather may well yearn for a simpler life, breathing in air scented by hundreds of mature fruit trees under the Spanish sunshine while coaxing a ruin back to life. The dream is certainly achievable to those who approach it with a keen eye for detail.

Kyero.com’s Richard Speigal explains,

“It’s essential when buying a finca to know what can and can’t be done with the property before you sign a contract. Find out whether there are any restrictions to building on the land, if water and electricity are already connected or could be connected in the future, if internet connectivity will be possible, and so forth.

“Think through what materials you will need, where you’ll get them from and whether you’ll do the work yourself or rely on local labour. Careful planning is essential with a project of this nature, but the rewards can be well worth the time it takes to find the perfect property.”

This six bedroom country house in Capse, also located in Zaragoza province, is an excellent example. The two storey property costs just €19,000 and enjoys a stunning setting just 200m from the Guadalope River. Utilities include bottled gas, water and the possibility of an internet connection. While the walls and much of the roof are in good condition, a complete renovation is recommended. To a buyer with the right vision (and approach), the property could offer an extensive country home in the sunshine at incredibly good value.

Even a ruin with a swimming pool isn’t out of the question – €31,000 is sufficient to buy a rural ruin complete with large balsa (open air water storage area), which can be converted into a charming, rustic swimming pool.

For further details, visit www.kyero.com.

2017 Spanish property market gems – Kyero.com gazes into the crystal ball

2017 Spanish property market gems – Kyero.com gazes into the crystal ball

Spain
  • 2017 will see lower value destinations emerge as most in-demand locations
  • International demand will remain fundamental to market strength
  • UK buyer numbers unlikely to drop much due to Brexit
  • Almeria, Alicante, Tenerife and Ibiza to attract most interest in 2017

2016 has been a good year for the Spanish property market. Spanish properties enjoyed steady price growth and an encouraging transaction rate during the year. House sales in Spain have recorded a 15% rise on the previous year and ten consecutive quarters of growth, which means that the Spanish property market crash officially ended in Q2 2014. According to the experts at innovative Spanish property portal Kyero.com, the country hasn’t looked back since.

As well as being a good year for Spanish property in general, 2016 was also a record-breaking year for Kyero.com. Despite Spain’s stubbornly high unemployment rate, weak economy, restricted credit and a period of almost no government, the property portal has flourished – much like the country’s housing market.

Richard Speigal, Head of Research at Kyero.com, explains why,

“Spain’s market has two unusual advantages. Firstly, it had nowhere to go but up. The 2008 crisis completely shredded the housing market, and little short of a zombie apocalypse could have sent it lower. Secondly, Spain has incredible international appeal; with one in five property sales going to foreigners, it can endure weak local demand. British, French, German, Dutch, Belgian, Italian and Swedish buyers are picking up the slack, which has been good news for the wider market and for those involved in selling property in Spain.”

The UK’s Brexit vote looked set to disrupt the market balance in mid-2016, given that British buyers top foreign demand in Spain, but the anticipated drop-off in UK demand never materialized. Instead, overseas searches for Spanish property via Kyero.com hit all-time highs after the vote, up over 50% on 2015. The portal’s largest agents also reported seeing record attendance at UK investor shows. Buyers were certainly talking about Brexit, but still looking for Spanish in their droves while they did so. Q3 2016 figures from the Spanish land registry confirmed the trend – foreign sales in Spain were close to all-time highs.

The situation in the UK goes some way to explain this, according to Kyero.com’s Richard Speigal,

“The British housing market is currently moribund, with prices rising way beyond all the laws of affordability, and transactions at historic lows. The winners of this situation are older Brits who find themselves sitting on a vast trove of property wealth (while homeownership becomes a dying dream for their kids).

“In short, the 50+ British buyers who so love Spain are sitting on huge equity piles and Brexit didn’t diminish their wealth. As a group, British buyers are getting richer. Q3 sales to Brits may have slowed, but they are only blinking rather than quitting. The fundamentals remain healthy.”

The one area that Brexit has impacted is the hunt for value and this will translate to a key trend in the Spanish property market in 2017: the search for good value properties that offset the drop in sterling’s value. Evidence is already emerging of the benefits of this on lower priced destinations, which look set to boom in 2017.

With this in mind, and using completed sales data (via land registry statistics) and search data from Kyero.com (as a forward indicator of buyer sentiment), along with the international mix of buyers in each destination, and relative property prices, Kyero.com has identified the top four Spanish property market gems for 2017.

  1. Almeria

Having seen much less development than its neighbours, Almeria retains an authentic charm that has proven popular with almost every nationality of European buyer. Q3 sales rose a massive 93% YOY, and with an average price of €129,000 it is nearly half the cost of Kyero’s national average.

Almeria is charming, well connected and very affordable and expectations are that an ever larger number of overseas buyers will discover it in 2017. Trending destinations include Vera, Mojacar and Albox.

  1. Alicante

International investors buy more houses in Alicante each year than any other province of Spain, driving over half of all housing transactions. While this could make it susceptible to shocks, it’s strengths are hard to beat: excellent connections, fabulous beaches, steady sales growth and prices 10-15% lower than Kyero.com’s national average.

Alicante is a solid performer, and very hard to bet against. Trending destinations include Torrevieja, Alicante and La Marina.

  1. Tenerife

The western Canaries have had an excellent year, with average prices growing steadily at 5% to €249,000 – almost exactly in line with the national average. This is the first destination in Kyero.com’s portfolio to see Italians overtake British buyers as the dominant international buyer group. Low cost flights, year-round sunshine, and a penchant for building the holiday apartments that foreign buyers crave have all made Tenerife a property hotspot. Trending destinations include Playa de las Americas, Costa del Silencio and El Medano.

  1. Ibiza

This is a final – and more speculative – pick for 2017. The gravity defying housing market in Ibiza saw average prices grow 20% in 2016 to over €1.1m, with similar growth in sales. The data is hard to follow, but that’s because Ibiza has something that can’t be boiled down to a number: cachet.

This picturesque island has become a hub for international wealth, helped in no small part by Spain’s benign tax environment for high net worth individuals. With their numbers on the rise, we expect Ibiza to continue being the place they’ll show it off. Trending destinations include Ibiza Town, Sant Josep de sa Talaia and Santa Eulalia del Rio.

For further details, visit www.kyero.com.

New Year, new investment – the most intriguing asset classes of 2017

New Year, new investment – the most intriguing asset classes of 2017

United Kingdom World , , ,
  • Care homes and hotel investments set to make their mark in the New Year (Properties of the World)
  • Commodity trading will attract a host of new traders in 2017 (easyMarkets)
  • Buy-to-let continues to entice virgin property investors (Surrenden Invest)
  • Undiscovered areas of Spain tipped for growth in 2017 (Kyero.com)

New Year is almost upon us – time to turn over a new leaf. For investors, New Year can serve as the inspiration for broadening their portfolio and discovering the benefits of new asset classes. In that vein, let’s take a look at some of the most intriguing asset classes and investment models of 2017.

Jean Liggett, pioneering CEO of Properties of the World, is quick to promote the benefits of care home investment in 2017. She explains,

“We’re going to see care home investment taking off in a big way in 2017. It’s an interesting asset class as it’s one of those rare investment models where absolutely everyone wins. The UK’s population is ageing and we need to build more care homes, providing superior accommodation that affords comfort and dignity to our citizens as they age.”

Investing in a care home can provide individuals with impressive returns. Wagon’s Way in Tyne and Wear, which is available for investment from £58,500, offers circa 8% NET rental returns for 25 years. The sustainable investment model carefully balances the needs of the investor, those living in care, their families, the community, care professionals and the Care Quality Commission (the UK’s regulatory body for care homes). This ethical balance makes care homes a particularly intriguing asset class for 2017.

Hotel investment is also coming into its own. At Caer Rhun Hall Hotel in Conwy, North Wales (rooms available from £75,000), investors have the chance to pick up an asset that will not only generate strong returns (circa 10% per annum) but will also afford them personal usage. There’s also a 125% developer buy-back option for investors’ peace of mind. With a renewed focus on staycations in the UK, hotel investment in 2017 could be big news indeed.

Investing in commodities may also be an exciting option in 2017, according to Evdokia Pitsillidou, Director of Risk Management and pioneering forex and CFD broker easyMarkets. She comments,

“Trading is no longer something that’s only for fulltime traders working in the City. Increasing numbers of individuals are looking to trade for themselves and the appeal of commodities and metals is strong, particularly for those who are new to trading. Gold and wheat are two investments to watch in early 2017, though of course investors need to do their own analysis before they try their hand at trading.”

Naturally, existing strong asset classes will continue to be popular in 2017. Despite the government tinkering with landlords’ incomes through changes to stamp duty and tax on second homes, UK buy-to-let remains a popular way for virgin investors to profit from property. Jonathan Stephens, Managing Director of Surrenden Invest, comments,

“The UK’s housing crisis is still far from resolved. The country has been working hard to increase the rate at which it has been building homes and the latest purchasing managers’ index shows that construction reached a nine-month high in November. Despite this, the Federation of Master Builders has reported that 87% of local authorities don’t believe they will hit the government’s housebuilding targets by 2020. This means that buy-to-let still presents a huge opportunity for those looking to invest in property for the first time.”

Artillery House in Manchester city centre is an excellent example of the kind of property that is attracting virgin buy-to-let investors in large numbers. With 7.5% NET assured return, a comprehensive management programme and a Q4 2017 delivery target with apartments fully furnished and ready to rent, this kind of development allows investors to be truly hands-off.

Finally for 2017, there’s holiday homes as an intriguing asset class. While the concept of buying a holiday home predates even air travel, what’s exciting about 2017 is the range of destinations available. Richard Speigal, Head of Research at leading Spanish property portal Kyero.com has flagged Oliva as an interesting choice for 2017. He explains,

“In terms of broadening the story, I’d pick Oliva out right now. Alicante has long been the epicentre of British buyer activity, but Kyero saw a shift northwards in 2016 to the neighbouring province of Valencia. The reasons are nicely told in the small coastal village of Oliva.

“We were alerted to something happening when the town appeared for 3 months running in our ‘trending destinations’ list, having attracted over 1,500 enquiries since July. For its size, Oliva is punching way above its weight and it seems post-Brexit buyers may have sensed an opportunity, as prices there have been slower to recover than in other areas of Spain. With six miles of beautiful coastline, a cosmopolitan vibe, two international airports an hour away (Valencia and Alicante) and the potential for capital growth, Oliva ticks all the boxes for investment potential in 2017.”

Whether it’s an entirely new asset class or a new opportunity in an established investment model, there’s no doubt that 2017 is going to be an exciting year for investors.

 

For more information, please contact:

Properties of the World: +44 20 7624 5555 or www.propertiesoftheworld.co.uk

Surrenden Invest: 0203 3726 499 or www.surrendeninvest.com

easyMarkets: +44 203 1500 748 or www.easymarkets.com

Kyero: www.kyero.com

 

Top trends for property portals in 2017 from Kyero.com

Top trends for property portals in 2017 from Kyero.com

Spain World
  • Portals need to embrace technology to boost the customer experience
  • At the same time, sticking to the basics is essential – portals exist so that people can find properties!
  • Big data analysis to reap impressive rewards
  • Virtual reality is one to watch – but not for 2017

With the impact of technological developments and political events making global property markets ever more sensitive, portals are having to stay at the top of their game in order to succeed. Spanish property portal Kyero.com is one of those at the forefront of the industry. Record-breaking monthly figures are backed up by significantly increased market share. In fact, the portal now outperforms its nearest competitor at a rate of four to one, based on search activity*.

Richard Speigal, Head of Research at Kyero.com, offers market-leading insights into top trends for property portals in 2017, based on the company’s extensive success in 2016.

Top trends for property portals in 2017, from Kyero.com

  1. Get smarter

2017 will be all about getting smarter. This means evolving from the core out. Internally, portals need to be able to perform up-to-the-minute data analysis in order to identify trends, hotspots and buyer preferences. This will give them leading insights into the markets they serve. This can be shared with those listing on the portal, to better inform how they shape the properties they offer and increase their chances of a successful sale.

Externally, the user interface needs to be clean and clear, offering a range of services that make the most of evolving property technology, while also remaining simple to use.

At Kyero.com, this means improving the property selection while continuing to make the portal increasingly easy to use.

  1. Be true to your values

Kyero.com was established with a simple mission: to help buyers find beautiful property in Spain. As technology expands and the march of big data continues, it can be easy for portals to lose sight of their original intentions. However, without that initial mission fixed firmly in mind, property portals may be in danger of delivering fantastic insights into user trends, at the same time as watching the numbers of those users dwindle.

Therefore, the focus should be an ongoing war on “feature bloat.” Portals should concentrate on solving the core user problem in ever faster and more elegant ways. Help people find the right house: that’s a portal’s job – no more, and no less.

  1. Make big data your friend

One of the biggest challenges of 2017 for property portals is data. Modern websites produce voluminous amounts of it. Then there’s market statistics from government open data sources. Data tells portals where buyers are looking, how much they’re prepared to pay, where they’re from and what their tastes are.

The trick is figuring out how to analyse this data and act upon what it reveals. Kyero.com has spent the last year learning to do this better. The result for the portal’s audience is both obvious and invisible. Property recommendations are becoming increasingly accurate, at the same time as Kyero.com is helping buyers to get the best deal by sharing insights into the local market.

A final word…

One trend to watch, but that isn’t expected to fully take off until at least 2018, is virtual reality (VR). Real estate watchers are understandably excited about virtual reality technology. After all, who wouldn’t be excited about viewing houses without all the inconvenience of actually going there?

Unfortunately, the technology is still way behind its promises. Kyero.com has tested the latest equipment, but found that the scanning systems are still cumbersome to use, with poor quality results produced. Consumer availability is also difficult: there just aren’t many people with an Oculus Rift in the house. As Kyero.com’s Richard Speigal concludes,

“VR is certainly one to watch, but it isn’t for 2017. Property portals would be wiser spending the year improving what they do best: finding property.”

For further details, visit www.kyero.com.  

 

* Rightmove Overseas reported a rate in Spain of over 500 leads per day in June 2016, or around 15,000 per month, compared with Kyero.com’s 62,596 per month (September 2016).