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Cadizcasa newsletter 13
Cadizcasa
Thursday, 04 September 2014

Well, the summer has been a smash on long term rentals and sales but pretty disappointing on holiday rentals. The Spanish press are talking about significant drops in tourism this year and the people who matter and who really know what is happening, the owners, the agents, the bars and the local businesses are also saying that things are poor compared to previous years.

 

 
Newletter No 12
Cadizcasa
Monday, 02 June 2014

There has been a considerable turn around in the Spanish property market in the first 5 months of this year. The figure of 45% increase has been discussed in the press for Spain in general but in our specific area of the Costa de la Luz I would put the rise at nearer 75 – 100% on last year. This is great news but prices are still low and we need the banks to loosen their grip and start giving out some mortgages at reasonable prices. That said, these are the most encouraging signs we have seen for Spain´s recovery in many years. There are also clear signs that the Townhalls have opened their coffers with a considerable number of workmen out repairing roundabouts, painting railings and generally improving the look of Spain.

Sadly, the rental market is still finding things difficult this year. In the first few months of 2014, we have been contacted by the largest number of house owners ever asking if we can assist them in finding clients. The difficulty arises from a glut of rental property and a shortage of clients. Some areas have slashed their rental prices and we are seeing holiday makers drifting to where the best offers can be had.

This month, James Baxter has written us yet another great article on the money markets. We have an update on the new road traffic laws which have just come in to place affecting all road users. Allegations of piracy in the Straits of Gibraltar with 17 tons of treasure being whisked away to the USA and a lovely article on Ya En Tu Casa, a great little family business in the heart of Vejer de la Frontera, but shipping their selected products as far away as New Caledonia.  

 

I hope you enjoy the newsletter.

Lesley McEwan, MD, Cadizcasa

Click here to read the complete newsletter.

 
Newletter No 11
Cadizcasa
Thursday, 13 March 2014

I am delighted to welcome you to our March Newsletter and say that after a very long time in recession, some 7 years now, Spain appears to be turning towards better times. Following on from the upturn in property sales during the final quarter of last year, the momentum has continued in to this year. Something which we did not dare hope for. Prices are still not recovering but at least we are starting to move some of the housing stock and that is a good sign not only for us but also for the wider economy. The Industry Minister thinks that construction could be underway again by 2016 so the future looks considerably brighter than it has for some time.

 
Newletter No 9
Cadizcasa
Monday, 02 September 2013

Summer is here, the beaches are busy and the bar and restaurant owners have a glimmer of relief on their faces to see the holiday season underway. Things are tough and prices have risen for many basics squeezing the gross profit margin harder than before.

According to the IMF accounting wizards we are going the right way but confidence is at an all-time low. Many locals are fearful to break cover and invest in property just in case things do not go as well as anticipated and overseas customers have so much to choose from that they are like bees drunk on sweet honey flitting from one pretty flower to another. A situation which does not make for stability in the housing market and prices rising in the near future.

I am not saying that the market is stagnant because we do have some movement for the right house at the right price but we certainly do not have buyers trampling each other to get to the Notary.

 
Cadizcasa Newsletter No 8
Cadizcasa
Tuesday, 04 June 2013

News on property, finance and features including articles  about tax obligations for property owners, capital gains and inheritance tax,  Energy Efficiency Certificates  and an article on the possible changes to Spain´s private rental sector.

Click here to read/download

 
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