First post-referendum quarterly figures from Kyero.com reveal that Spanish property is booming

First post-referendum quarterly figures from Kyero.com reveal that Spanish property is booming

Spain
  • Buyer enquiries up 64% in September 2016
  • Kyero.com search activity outperforming Rightmove Overseas by 4 to 1
  • User numbers up 13% year on year


In the first set of full quarter results since the UK’s shock Brexit decision, leading
Spanish property portal Kyero.com has reported that business is booming.

The company had already reported a record-breaking August and has now confirmed that Q3 2016 ended with an even stronger September. In fact, September 2016 was Kyero.com’s busiest month ever.

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

“The interest we’re seeing in Spanish property is unprecedented. Buyer enquiries are up 64% year on year. The Brexit process certainly doesn’t seem to have dented the British love of Spanish property, although the weaker pound has meant that buyers are now considering the top end of their budgets more carefully. It’s been a record-breaking summer for Kyero.com and we’re excited to see if this incredible level of interest is maintained as Q4 progresses.”

September buyer enquiries totaled 62,596 during the month (an increase of 64% since September 2015), while overall users rose to 434,367 (a year on year increase of 13%). As indicators go, the figures certainly point to Brexit doing nothing to dampen British enthusiasm for second homes and retirement properties in Spain, particularly considering that that 27% of Kyero.com’s users are British.

Kyero.com’s success over the summer months has been such that the site has moved into a leading market position, outperforming its nearest competitor (Rightmove Overseas) by four to one based on search activity (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).

So what’s next for the record-breaking portal?

Richard Speigal reveals, “We’ve already invested heavily in making the user experience of Kyero.com one of the friendliest on the market. While that work continues, we’re also focusing on supporting the agents who list with us to maximise the site’s potential. We’re taking a comprehensive approach to ensuring that anyone who is buying or selling Spanish property can do so with ease.”

Kyero.com covers all regions of Spain and the Spanish islands. Trending searches currently include properties costing an average of €110,000 in Torrevieja, €349,000 in Estepona and €144,000 in La Marina. Marbella is also still popular, with average property prices of €543,000 according to Kyero.com’s latest data.

For further details visit www.kyero.com 

Brexit begins to bite Spanish holiday home budgets reports Kyero.com

Brexit begins to bite Spanish holiday home budgets reports Kyero.com

Spain
  • 62% of enquiries in September were for properties costing €150k or less
  • Interest in properties costing €250k or more is falling
  • Top 5 Spanish destinations all boast average enquiry price of €150k or less 

“Brexit isn’t denting Brits’ love for Spain, but it is taking a bite out of their budgets.”

This is the message from the latest market report from leading Spanish property portal Kyero.com.

The company’s Spanish Property Report September figures reveal that buyers are beginning to trim their budgets, with enquiries falling on properties over €250,000 and increasing on homes costing €150,000 or less. Overall for the month, 62% of enquiries were for properties costing less than €150,000.

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

“September has thrown up the first visible effect of Brexit on the Spanish holiday home market. Overseas interest remains extremely buoyant but buyer budgets have notably reduced.

“With British buyers making up 21% of foreign house sales in Spain (and 27% of Kyero.com’s traffic), the strength of sterling is important. Its fall since the referendum has reduced purchasing power, but seemingly not people’s willingness to buy abroad.

“If Brits do drive a harder bargain it is possible we will see some localised discounting in the coming months, particularly in provinces where they are most active such as Alicante and Malaga. On the flip side, the ballooning price of property in the UK has gifted the 50+ age group enormous power to purchase second homes. With an abundance of property for less than £90,000 and a market returning a steady 5% per year, Spain remains a hugely compelling option.”

Kyero.com’s analysis of trending destinations emphasises buyers’ pursuit of less expensive properties.

The top five destinations were all priced at €150,000 or less. Torrevieja was the most popular area for enquiries during September, with an average price of €110,000. While that kind of money wouldn’t go far in the UK, in Torrevieja €110,000 is enough for properties ranging from a three bedroom penthouse apartment just 200m from the sea to a picturesque townhouse close to the beach.

Homes at Murcia’s Alhama Golf Resort were the second most enquired after location during September, with an average price of just €73,000. Properties in LLiria were next, at an average cost of €110,000, which is sufficient to buy a detached, four bedroom villa with its own pool.

The fourth most popular destination – Alicante – saw prices rise to an average of €144,900, which is enough for anything from a three bedroom apartment with communal pool to a four bedroom country house with pool and barbecue. Corralejo, on the island of Fuerteventura, took the fifth spot, with an average price of €150,000 – enough for a range of contemporary villas close to the beach.

With 434,000 users in September and 62,596 recorded property enquiries, Kyero.com’s research provides significant insights into the state of the Spanish property market and in particular the impact that British buyers are having. Brits are the single largest overseas nationality in the market and their actions are significant as a result. Analysts will be watching carefully to see the knock on effect that Brexit may have on Spanish house prices as a result of British buyer activity over the coming months.

For further details visit www.kyero.com.  

Viva el vino! Perfect Spanish homes for wine lovers as UNWTO raises a glass to wine tourism

Viva el vino! Perfect Spanish homes for wine lovers as UNWTO raises a glass to wine tourism

Spain
  • Inaugural UNWTO Global Conference on Wine Tourism attracts delegates from nearly 50 countries
  • In Spain, well known La Rioja region is cheapest wine-producing area to buy in (Kyero.com)
  • Dominio de Pingus is Spain’s most expensive wine at $898 per bottle (Wine-Searcher)
  • Catalonian wine region will set oenophiles back the most when it comes to bricks & mortar (Kyero.com)

Wine tourism’s position as an important global element of gastronomic tourism has been cemented by the holding of the 1st UNWTO Global Conference on Wine Tourism in Georgia. The event attracted tourism experts, wine professionals and policy makers from nearly 50 countries, all looking to expand upon the considerable success of this global tourism sector.

Data compiled by leading Spanish property portal Kyero.com has revealed how wine tourism can play into other factors within a country, such as the property market. Kyero.com’s data reveals the ideal second home locations for all those with a love of Spanish wine.

The world’s third largest wine producer and its biggest wine exporter, Spain has earned a loyal following around the globe for its robust reds, crisp whites and delightfully drinkable rosé wines. Wine tourism in the country is popular among those who want to explore Iberia’s culinary delights. Now, Spanish wine lovers can take their passion one step further and pick up the perfect property as well as the perfect plonk, thanks to Kyero.com, the main source of trusted information on buying a home in Spain.

Martin Dell, Director of Kyero.com, comments,

“Many of those who visit Spain regularly delight in the country’s cuisine and particularly in the wines that are produced here. We wanted to take this one step further and look at how much it would cost to purchase a home in each of Spain’s main wine-producing regions. I think many people will be surprised to find out just how affordable it is to live in the perfect location for enjoying local Spanish wines within easy reach of the vineyards they came from.”

According to the Cámara de Valencia, La Rioja is “considered to be the foremost wine tourism destination in Spain and a world leader in the field.” The area is known for its vibrant and fruity and rosé wines and its distinctive, oak aged reds.

Yet according to the Kyero.com data, La Rioja is the joint cheapest wine region when it comes to purchasing property, coming in at an average of just €1,300 per square metre. Those on a budget can pick up a one bedroom, one bathroom apartment in the pretty city of Logroño – the autonomous community of La Rioja’s capital – for a mere €29,200. That’s the same price as just 70 bottles of the region’s priciest vintage, Contador.

Equally affordable, at €1,300 per square metre, is Cadiz province, in the Andalusia wine-producing region. Prices in the Andalusian city of Jerez de la Frontera – a name which fans of sherry will be familiar with – are even more affordable, at just €1,100 per square metre. But it’s not just bargain basement properties that can be picked up in Jerez. This six bedroom, three bathroom country house estate with swimming pool is priced at €768,750. The accommodation is split across two houses, with excellent equine facilities including stables, tack storage and a barn for hay and raising foals, as well as extensive meadowland and farmland.

Ourense province is the next cheapest wine region when it comes to property purchase prices, coming in at €1,400 per square metre. Home to the Ribeiro Wine Route and part of the autonomous community of Galicia, Ourense is known for its young, light wines full of fruity and floral notes. The whites are particularly good and make the perfect accompaniment to shellfish, cured meats and light cheeses – so perfect for an al fresco lunch in the Spanish sunshine.

Wine lovers looking for a base in Ourense will be delighted by this impressive, seven bedroom 19th century manor house, which comes with swimming pool, three car garage and plenty of land, including mature walnut, hazelnut, palm, oak, chestnut, magnolia, fig and cherry trees complete with automated irrigation system. The property is on the market for €450,000.

At the other end of the price scale in Ourense comes this two storey house with 70m2 vineyard for just €16,000. Needless to say the property could do with some work, but it does have running water and comes with five pieces of land that cover more than an acre, so would make an ideal project for someone looking to take their love of Spanish wine to the next level by owning their own vineyard.

Over in Burgos, one of just four provinces where Denominación de Origen Ribera del Duero wines are produced, property prices reach an average of €1,450 per square metre, according to Kyero.com. The area has more than 170 wineries and 18,000 hectares of vineyards, according to Berry Bros & Rudd. The reds rival those produced in La Rioja, with no whites permitted.

The Ribera del Duero region is famed for being home to Spain’s most expensive wine: Dominio de Pingus, which has an average Wine-Searcher listing price of $898. Not only is the wine produced from a tiny plot of extremely low-yielding tempranillo grapes, but the loss of 75 cases of the already-rare vintage in a shipwreck in 1997 saw the price nearly double.

For less than the price of just 37 bottles of Pingus, oenophiles can pick up an 18th century country home surrounded by forest and rolling countryside in Burgos province. The €29,000 property includes three bedrooms and one bathroom. It is in need of total refurbishment. Two further houses on the same plot are for sale for €50,000, with the owners happy to negotiate for a quick sale, meaning a buyer with the right vision could bag an incredible bargain in this stunning region.

Vastly more expensive than the other regions is Spain’s priciest winemaking area: Barcelona province. Prices in the province as a whole are distorted by the high costs of real estate in the Catalonian capital city, meaning that the average price is €2,250 per square metre.

Catalonia’s wines are as fiercely independent as its people, according to Wine Enthusiast, with full-bodied reds coming from vines that soak up not just the sunshine but also the minerals of the granite, fractured slate and chalk soils in which they are grown.

Wine lovers looking to live close to the region’s vineyards will be delighted by this four bedroom country house with summer porch and pool at Vilafranca del Penedes, which is on the market for €450,000. The spectacular views extend for miles around – perfect for enjoying some of Spain’s best wines in the peace and fresh air of the countryside.

Buyers wanting their own vineyard, rather than a view of someone else’s, have plenty of choice in Spain. Commercial opportunities include this working Chantada vineyard registered on the Board of the Qualified Denomination of Origin Ribeira Sacra, complete with two storey property, for €120,000. An operational wine cooperative near Chantada is also for sale, priced at €450,000. The property comes complete with a hectare of vines and a vast array of modern equipment with a production capacity of 200,000 kg.

Those looking for a slightly smaller scale venture will be delighted by this two bedroom farmhouse with vineyard near Asco and the River Ebro, on the market for €169,000. A tasteful renovation has modernized the property while retaining the original features and there’s even a wine store outbuilding for storing wine produced from the vineyard. What oenophile could ask for more?

For further details on the perfect homes to buy in order to enjoy the wines of Spain, visit www.kyero.com.  

Take your September sun to new heights with these terrific terraces

Take your September sun to new heights with these terrific terraces

Portugal Spain United Kingdom , , , , ,

Make the most of this late September sun with a glass of bubbly and stunning views from these terrific terraces.

Herculaneum Quay, Liverpool

Residents will never want to leave these stunning waterfront apartments. Boasting marvelous views over the River Mersey, all apartments feature floor to ceiling glass with outdoor terraces and balconies to relax and take in the exquisite skyline.

Prices start at £107,130

For more information, please visit http://propertiesoftheworld.co.uk/ or call +44 20 7624 5555

Water Lane Apartments, Bristol

Whether you’re relaxing with a book, having a drink with some friends or working on an assignment, Water Lane’s pretty garden terrace allows university students to make the most of the Bristol sunshine. Other wonderful facilities include a private gym, on-site cinema, dinner party room and a club lounge for residents.

Prices start from £160 per week

For more information, visit www.collegiate-ac.com or contact Collegiate AC on +44 1235 250 140

Santa Ponsa Villa, Mallorca

With sunshine all year round and idyllic sea views, this wonderful terrace plays the perfect host for any occasion. Situated in the stunning Santa Ponsa area of Mallorca, the villa boasts 4 large en-suite bedrooms, a living and dining area, fully equipped kitchen, private gardens and a pool.

Prices start at €1,395,000

For further details, visit www.kyero.com

Horizon Golf, Mijas, Costa del Sol

These beautiful homes afford spacious terraces perfect for al fresco dining where residents can enjoy breathtaking views of the prestigious Campo Asia golf course. All properties benefit from communal gardens and a swimming pool where you can enjoy bright Costa del Sol days and warm Mediterranean evenings.

Prices start at €267,000+VAT

For more information, please contact Taylor Wimpey España today on 08000 121 020 or visit http://taylorwimpeyspain.com

The Divine Collection, Digbeth, Birmingham

Soak up the last of the summer sun on The Divine Collection’s private roof garden. The grassy garden is perfect for entertaining friends or taking in a breath of fresh air. Comprised of a selection of 30 hand-picked apartments, The Divine Collection offers sophisticated, elegant homes with a spacious design and luxurious fit out.

Prices start at £159,500

For more information, contact Property Frontiers by visiting http://www.propertyfrontiers.com/ or calling the team on +44 1865 202 700.

Luxury ocean view property, Salgados, Algarve

Prepare for stunning ocean views from this exquisite villa in the popular Salgados. The living areas of this luxurious villa lead out onto the terraces and gardens through floor to ceiling glass doors. On the second floor is a large south facing terrace offering wonderful views of the Atlantic Ocean and pretty coastline for miles.

Prices start at €2,250,000

For more information, contact Ideal Homes Portugal on 0800 133 7644 or visit http://www.idealhomesportugal.com

British appetite for Spanish retirement properties unaffected by Brexit

British appetite for Spanish retirement properties unaffected by Brexit

Spain
  • Expert Guide to Retiring in Spain downloaded 2,000+ times in 6 weeks (Kyero.com)
  • Inbound visitor numbers to Spain to exceed 80.3 million by 2012 (Canadean)
  • Brits aged 55-64 outstrip other nationalities in searching for property in Spain (Kyero.com)

Newly released data from Spanish property portal Kyero.com has revealed that the British appetite for retirement properties in Spain remains strong, with Brexit seeming to have done little to dampen the plans of older Brits to spend their golden years in the sunshine.

Launched just six weeks ago, the Kyero.com Expert Guide to Retiring in Spain has already been downloaded more than 2,000 times. The figure indicates the strength of the level of interest in Spanish retirement properties, from apartments with pools in Marbella to luxury villas on islands like Tenerife.

Meanwhile, data from visitors to Kyero.com has shown that those approaching their retirement in Britain are more likely than their European neighbours to seek out the perfect property in Spain.

36% of Brits who searched Kyero.com in July and August 2016 were aged between 55 and 64 years old. That compares with 33% of French, Belgian and Swedish site users in the same age range, 32% of Dutch users, 24% of Germans and 20% of Italians.

Kyero.com Director Martin Dell comments,

“Brexit doesn’t seem to have curbed British buyers’ enthusiasm for purchasing property in Spain. We’re still seeing a high volume of searches from retirees and soon-to-be-retirees who are looking for an escape from the colder winter weather in the UK. Spain offers the ideal solution – it’s a quick and cheap flight away, there’s almost year-round sunshine and a balmy climate in many areas and the healthcare is excellent. Whether buyers are looking for a holiday home for occasional use or a more permanent abode, interest in Spain remains very strong.”

Spanish tourism figures certainly reflect the country’s continuing popularity with holidaymakers. Spain has topped the global Travel and Tourism Competitiveness Index ranking for the first time, according to the World Economic Forum’s Travel and Tourism Competitiveness Report 2015, while inbound trips increased by 4.8% for the year, to a total of 68.1 million visitors.

The Iberian country looks to be on track to remain a key tourism destination for the rest of the decade, with Canadean’s Travel and Tourism in Spain to 2020 report projecting growth at a CAGR of 3.3% over the course of 2016-2020. Such an increase would result in inbound visitor numbers reaching 80.3 million by 2020.

Rising visitor numbers bode well for the Spanish property market. International buyers accounted for 18.02% of all property transactions in Spain in Q1 2016, according to the Ministry of Development. Kyero.com’s Martin Dell comments,

“Many visitors to Spain cannot resist the country’s charms. Spain offers a wealth of activities for tourists, from beautifully designed golf courses to all the pleasures of the seaside. Rising international visitor numbers spell out a healthy future for the country’s property market, as tourists look to purchase their own slice of the sun-kissed Spanish lifestyle.”

For further details, visit http://www.kyero.com/.

Homes for music lovers

Homes for music lovers

World , , ,

Music is known for its power to uplift, calm, excite and sadden. It has such a powerful effect that it is used therapeutically for everything from helping to control emotions to lowering blood pressure through stress reduction programs.

Fans of particular artists will travel for hours to hear their favourite music live, with some even crossing international borders in order to hear a specific band. There are also those whose connection to music is so strong that it is a core component of their home life. As such, we’ve rounded up some homes with musical connections that will be perfect for music lovers in the UK and overseas!

Beats in Barcelona

Music lovers will be delighted by this Barcelona rental apartment, available through Spanish property portal Kyero.com for €2,500 pcm. With exposed brickwork and designer furnishings, the home offers the ultimate in city chic, complemented by a generously sized home studio complete with piano, keyboard, drum kit and mics. Its location in the trendy Poble-Sec neighbourhood means it is also perfectly located for those wishing to enjoy Barcelona’s jazz scene and nightlife. 

Musical Mijas

Elsewhere in Spain, those looking to buy rather than rent will be drawn to this luxurious beachfront villa in Mijas Costa, available through Ideal Homes International. Stunning landscaped gardens, 180° ocean views, a sizeable pool and direct beach access make this one of the most exclusive villas on the Costa del Sol. The décor inside is almost palatial, which is fitting as the villa has been used by royalty, presidents, billionaires and sheiks. Music lovers will be delighted to know that the villa was the location of One Direction’s debut performance in the X factor “judges’ houses” screening in 2010. Such a music connection doesn’t come cheap though – Villa Moana is on the market for an eye-watering €40 million.

Praising in Portugal

Over in Portugal, music fans can pick up their very own superstar’s villa, with Christian crooner Cliff Richard’s home and winery on the market for €9.5 million at Ideal Homes Portugal. The estate includes a four bedroom farmhouse, three bedroom cottage, double office with studio, modern five bedroom villa, onsite shop and wine tasting bar. The property comes complete with the winery’s equipment, materials, shares and stock. It also offers stunning views from its position at the top of Quinta do Miradouro, three swimming pools, tennis court, landscaped gardens and a roof terrace with tower viewing point. This is unquestionably one of the more unique wineries in the Algarve and the only one to enjoy such an impressive musical connection.

Let it be Liverpool

Back in the UK, musical connections don’t get much better than owning a piece of Beatles history in Liverpool. That’s precisely what is being offered by Property Frontiers at Liverpool’s Parker Street Residences. The buy-to-let apartments are located in the former Reece’s Ballroom, where John Lennon and first wife Cynthia held their wedding reception. Available from £69,950 for cash buyers, the city centre apartments offer yields of 8% NET with the option of assurance for five years.

So whether you’re an investor looking for healthy yields, a buyer after a dream second home or simply looking to spend a few months based in Barcelona, you can satisfy your musical side when picking up your property.

For more information, please contact:

Kyero.com: www.kyero.com

Ideal Homes International: 0800 133 7644, +351 289 513 434 or www.idealhomesinternational.co.uk

Ideal Homes Portugal: 0800 133 7644, +351 289 513 434 or www.idealhomesportugal.com

Property Frontiers: +44 1865 202 700 or www.propertyfrontiers.com

August the most popular month to start a holiday home search reveals portal

August the most popular month to start a holiday home search reveals portal

Portugal Spain , , ,

For families with school-age children, August is the last chance to escape the daily grind and head off into Europe to catch some summer sun. It’s a month for long, dreamy days spent on the beach, fabulous al fresco meals with the sound of the sea in the background and catching up on everything from the latest bestselling novel to some much-needed sleep.

August is also the month to start turning those ‘wouldn’t it be nice to own a second home here’ dreams into reality, according to Spanish property portal Kyero.

A study of the company’s data from 2010 to 2015 has found that August is the most popular month for buyers to start searching for their ideal holiday home. Many buyers are inspired by their summer holidays and look to recreate their fabulous time in the sun through the purchase of a second home in or near to the place they stayed.

For holidaymakers in Spain, that often means the Alicante region, where the 200 km Costa Blanca coastline offers white sands, lively cities and balmy sea breezes. August is the hottest month of the year in Alicante, with an average temperature of 26°C, although heatwaves often push the mercury above 40°C. The heat is moderated by those refreshing sea breezes, which is just as well as there’s only one rainy day in August on average, according to Holiday Weather.

August is the best month to take to the water in Alicante, with an average sea temperature of 26°C making swimming and splashing around in the shallows an enjoyable experience for the whole family. For those who can’t bear to leave the beach behind when their holiday ends, developer Taylor Wimpey España is offering south-facing, frontline apartments at Panorama Mar in Punta Prima, Torrevieja. With generous terraces and magnificent sea views, the apartments blend beautiful, spacious interiors with communal features such as three on-site swimming pools, children’s playground and landscaped gardens.

The Canary Islands are also an excellent choice for August holidaymakers looking to squeeze the last out of the summer break. Tenerife, the largest of the Canaries, enjoys an average temperature of 24°C, a sea temperature of 23°C and an average of just one day of rain during the month. An average of nine hours of solid sunshine per day is enough to top up anyone’s vitamin D levels in advance of autumn’s arrival.

Jodi Beard, Marketing Director of holiday planning specialists Cheap-Holidays-Tenerife.com, which offer discounted flights to and holiday accommodation in the popular southern area of the island comments,

“August is the ideal month to visit Tenerife. It’s the hottest time of year on the island and the relaxed atmosphere is perfect for family breaks. A lot of people think of Tenerife and picture beautiful beaches. Of course it does have those – and in abundance – but there’s also a whole host of activities there that will appeal to holidaymakers of all ages. You can go quad biking around Teide National Park, scale a mountain to watch the sun set and the stars come out and enjoy everything from the zoo to the water park. And of course August is the perfect month for enjoying the great outdoors to the max by trying your hand at a water sport – there are plenty on offer all over the island.”

Chris White, Founding Director of boutique estate agency Ideal Homes Portugal, believes that Portugal in August also offers an exciting experience for the whole family. The Algarve coastline is packed with water parks, golf courses and stunning beaches, offering enough variety to keep visitors of all ages happily occupied. With an average of zero days of rain in August, according to Holiday Weather, glorious sunshine is all but guaranteed. The region enjoys 12 hours of sunshine per day during August, along with an average temperature of 24°C, which seasonal heatwaves often drive up to between 35°C and 40°C. The sea, at 21°C, is a welcome source of relief from the heat, as are the refreshing breezes that roll off it at seafront resorts. White comments,

“The Algarve is one of the best spots in Europe for some summer sunshine and we find that many of those who visit are so charmed by their experience of Portugal that they come back year after year. From apartments in coastal towns and villages to villas with pools across the Algarve, the region offers plenty of property to suit buyers looking to pick up a second home in the sunshine that they can retreat to whenever they want a break. The fact that the Algarve is known to be the cheapest holiday destination in Europe is an added bonus!”

For more information, please contact:

Kyero.com: www.kyero.com

Taylor Wimpey España: 08000 121 020 or www.taylorwimpeyspain.com

Cheap-Holidays-Tenerife.com: 0800 0124 300 or www.cheap-holidays-tenerife.com

Ideal Homes Portugal: 0800 133 7644, +351 289 513 434 or www.idealhomesportugal.com

Post-Brexit bargains draw property hunters to the Spanish sunshine

Post-Brexit bargains draw property hunters to the Spanish sunshine

Spain
  • Reductions of €500,000 and more follow in wake of Brexit vote
  • Bargain hunters enjoying discounts on everything from seaside villas to country homes
  • Kyero.com rounds up some of the biggest post-Brexit bargains

The repercussions of the UK’s decision to leave the EU will be lengthy and far reaching. Nor is it just the country’s own property market that will feel the results of the Brexit vote. According to Spanish property portal Kyero.com, which connects would-be property buyers with their dream homes across Spain, the post-Brexit ripples have already reached Iberia. Director Martin Dell comments,

“We’ve definitely seen movement in the Spanish housing market that has resulted from the UK’s ‘leave’ vote. There are some Brits who own property here who are now looking to sell up fast, rather than face the uncertainty that the Brexit decision has brought about. The result is that we’re seeing some fantastic post-Brexit bargains on the market: bargain hunters will be delighted to see some of the discounts available on everything from cosy apartments to premium villas right now.”

At the upper end of the market is this luxurious, contemporary villa with pool in Estepona. Previously on the market for €3.995 million, the villa has been reduced to €3.45 million, providing one lucky buyer with a jaw-dropping discount of over €500,000. This gorgeous four bedroom villa with pool and terraces overlooking the whole of Barcelona has also been reduced by more than €500,000, down from €2.5 million to €1.95 million.

The middle of the market is also packed with post-Brexit bargains. This four bedroom villa in Javea, split over three levels and complete with pool and sea views, has been reduced by more than €100,000, with the asking price dropping from €695,000 to €590,000. Also on the coast, in Moraira, buyers can enjoy a €100,000 discount on this five bedroom villa with pool and barbecue area, which is now on the market for €549,000.

Even buyers with €250,000 or less can take advantage of the post-Brexit bargains available in Spain right now. This semi-detached house with pool, barbecue area and large, mature garden with fruit trees has been reduced to €250,000 from €279,000. Meanwhile this country villa on the outskirts of the pretty village of Simat de la Valldigna comes complete with private pool, mature gardens, barbecue and carport, with a discount of €15,000 knocking the asking price down to just €121,000.

“It’s definitely the time to shop around when it comes to Spanish property,” continues Kyero.com’s Martin Dell. “There are some fantastic bargains to be picked up and buyers can enjoy impressive discounts on everything from country villas to seaside splendours.”

For further details, visit http://www.kyero.com/. For the latest data on the state of the Spanish property market, visit data.kyero.com.

Happy parents head to the sunshine as UK councils drop term-time holiday cases

Happy parents head to the sunshine as UK councils drop term-time holiday cases

Spain United Kingdom

• 10 councils drop cases against parents for taking term-time holidays
• Spanish house prices to rise 5% this year (Moody’s)
• Bargain buys in top locations available across Spain – but not for long! (Kyero.com)

Parents across the UK are enjoying their summer holidays and heading into the sunshine with their families, while back home the news spreads that 10 councils have now dropped cases against those who took their children on holiday during term-time. A further six councils have stopped issuing fines and 11 more are reviewing their policies, after Isle of Wight father Jon Platt won his High Court case earlier this year, with the court backing his refusal to pay a penalty for taking his daughter to Disneyworld during term-time.

Seen as a victory for parents across the country, Platt’s case has meant the body of support for the lifting of the term-time holiday ban has grown rapidly. The current law means that parents are forced to take their children away only during holiday periods, when travel costs are considerably higher. The lifting of the ban would give greater flexibility to families and allow them to reduce the costs of their trips abroad.

Martin Dell, Director of Kyero.com, comments,

“Nobody wants to pay over the odds and a lifting of the term-time holiday ban would certainly put parents in a stronger position when it comes to affording their family holidays, although of course any such move would need to be balanced by ensuring that children’s education was not disrupted in any way. It’s a difficult matter to rule on, hence Mr Platt going all the way to the High Court!

“Certainly by being to travel outside of peak season, parents would be able to save money on their holidays. For some families, such a move would also make owning a holiday home a more viable prospect. Being able to use their second home at times when flights are cheaper is yet another addition to the attractions of owning a home in the sunshine.”

Dell goes on to recommend Spain as an excellent choice right now. International ratings agency Moody’s has forecast that Spanish house prices will rise by 5% this year, meaning buyers can look forward to the expectation of capital growth, as well as having a wonderful home of their own in Spain to enjoy. Couple with that is the fact that prices are still low in many areas of Spain, even in top locations.

A beautiful four bedroom, three bathroom villa with sizeable pool in the olive-growing region of Seville can be purchased for €133,000. A summer house on the edge of the garden and a self-contained studio above the garage offering flexible entertaining and living space for families of all shapes and sizes.

Even in the tourist hotspot of Marbella, bargains are still to be had. This two bedroom apartment with several pools boasts sea views, marble floors and a large covered terrace, all within a private, gated complex. Costing just €99,500, it would make an ideal family holiday apartment for those wanting to enjoy the Marbella lifestyle but without the usual hefty pricetag.

Barcelona also still offers some surprising bargains. This bright, modern apartment with three bedrooms is available for €95,000 and would make an ideal second home for families looking for a base from which to enjoy the cultural sights and gourmet pleasures of this fascinating city.

From rural retreats to coastal complexes to big city bolt-holes, Spain has serious bargains available to those who know where to look. But with property prices due to rise and greater flexibility over holiday times making second home ownership more attractive to parents, buyers need to act fast if they want to get maximum value.

For further details on Spanish second homes for the whole family, visit www.kyero.com. For the latest data on the state of the Spanish property market, visit data.kyero.com.

What Brexit means for British buyers in Spain

What Brexit means for British buyers in Spain

Spain United Kingdom ,

The UK’s decision to leave the European Union raises some important questions. Here’s how it will affect British buyers in Spain.

Martin Dell, Director of Kyero.com, comments,

“We are optimistic here at Kyero.

“The Brits buy in Spain for the wonderful climate and bohemian lifestyle. That hasn’t changed and houses in Spain will always have a pull for the British purchaser.

“There was a very healthy market for Spanish property before Spain joined the Eurozone and there’ll still be a thriving market once Britain leaves. Property prices in Spain remain relatively low, and this is still an excellent time to make a shrewd investment in the Spanish property market.”

Common questions that are being asked now are answered by the experts at Kyero.com.

Can I still buy a property in Spain?

Yes. Britain is still a member of the EU and British citizens enjoy the same rights today that they did last week.

It is likely to take at least two years to leave the EU, and many more years to settle the resulting changes in trade agreements. British buyers are unlikely to feel the impact for some years.

What does a fall in Sterling mean?

A weakened Pound is the most immediate effect of Britain’s referendum. In effect, Spanish property has just become more expensive for UK buyers.

The exchange rate is expected to be volatile over the coming months, but buyers can take steps to insulate themselves from currency risk. We strongly recommend Smart Currency Exchange, who have experts on hand to ensure you get the best deal.

It is also worth setting this in a wider context: While Spanish house prices have been steadily recovering over the past 2 years, they remain 32% cheaper than their peak in 2007.

Spanish property remains excellent value.

What will happen to my property when the UK leaves?

Spain has a long history of welcoming buyers from overseas, who now account for 1 in 5 house sales. Non-EU buyers are extremely active in the market and enjoy very similar rights to EU nationals.

Leaving the EU/EEA is highly unlikely to impact the rights of British citizens to buy property in Spain. Overseas investment is too important to the economy.

Will I still get a mortgage?

Yes. Spanish banks typically ask foreign buyers for a deposit of up to 40%. While there is scope for this to rise, it is already at a level that provides banks considerable protection and is unlikely to see much adjustment.

Meanwhile, the economic climate in Europe is wedded to low interest rates. Borrowing costs remain good value.

Will the Spanish property market crash?

British buyers are important to the Spanish market and they are the largest single nationality among overseas investors. However to put this in context, Brits form 4% of the market.

There are two reasons Brexit is highly unlikely to trigger a crash. Firstly, foreign buyers are a diverse group: German, French, Belgian, Italian and Swedish (among many others) are all an extremely active, growing part of the market.

There may be some localised pain, but even a complete collapse in UK demand (again, totally unlikely) would only put a small dent in the market.

Secondly, the market has nowhere to go. Spanish property has been recovering steadily since 2014, but remains a very long way off its peak. The worst we expect from Brexit is restrained growth.

Is my EHIC card still valid?

Yes. The European Health Insurance Card provides reciprocal health cover for travellers in the EEA. It will remain in place for at least two years while Brexit negotiations are in motion.

European countries are keen to ensure that their citizens enjoy healthcare while travelling, so it’s entirely possible an EHIC agreement (or something similar) will remain in place even after Brexit.

Will I get full healthcare if I move to Spain?

For now, yes. As long as Britain remains in the European Union, reciprocal healthcare arrangements continue as before. Expats who live in Spain and contribute to the social security system already receive full healthcare, and will continue to do so regardless of Brexit.

The situation for British pensioners is less clear. The current cost of their healthcare is met by a per capita payment from the UK to Spain for every pensioner who has completed the S1 form and is in receipt of a UK pension.

Nobody knows if this arrangement will continue, though many commentators predict British pensioners will require some form of health insurance post-Brexit.

What about my pension?

Under single market rules, UK citizens living in Spain (and indeed the whole EEA) have their pensions and social security payments automatically uprated each year in line with local inflation. This system is a mutual EU arrangement and is likely to become a negotiating point in Brexit talks.

In the worst case, British pensioners in Spain could get similar treatment to those in Canada and lose their automatic right to pension increases.

How will inheritance work?

British citizens (and indeed all EEA residents) currently get very good tax treatment in Spain, paying the same inheritance tax as locals.

Crucially, the double-taxation treaties that enable these are NOT made in the EU. Therefore Brexit has no effect on the existing tax agreements between the UK and Spain.

What happens next?

In short, nothing for quite some time.

Exchange rate fluctuations will be the only visible effect of Brexit in the short term.

The two year process of leaving the EU will not begin until Article 50 is triggered and this is currently scheduled to happen in October 2016. (Despite protestations, Europe cannot force a faster pace until Britain formally takes this step.)

It is also important to note that this referendum is non-binding, and British politicians will now enter a protracted period of horse trading over what to do next – or even who’s in charge.

With Brexit leaders already dialling back their rhetoric and promises, it is not a foregone conclusion that Britain will completely leave. Huge debating points now remain over whether Brexit means a total withdrawal from the single market (EEA).

Time will tell, and it all serves to slow the process.

The net effect is Britons will continue to enjoy the benefits of European citizenship for some years, and can expect a broadly similar deal once Brexit is complete.

The British love affair with Spain continues.

For further details on homes to buy in Spain, visit www.kyero.com. For the latest data on the state of the Spanish property market, visit data.kyero.com