An increase in the number of overseas property buyers entering the Spanish property market has been recorded.

Global Property Guide reported on figures published by the Ministry of Public Transactions, which showed a 24.7 per cent rise in the number of foreigners involved in real estate deals during the third quarter of 2011, compared to the same period a year earlier.

Among the most popular regions for buyers from outside Spain were Alicante, Malaga, Barcelona and the Balearic Islands, the news provider revealed.

At the end of last year, chief investment officer at the private banking division of BBVA Enrique Marazuela told the Reuters Global Wealth Management summit that the housing market in coastal regions of Spain is starting to recover in terms of transaction volumes.

Though Marazuela said that new wealth creation should not be expected in the short and medium term in Spain, he said that some areas of Spain’s battered real estate sector were close to reaching a bottom in valuations.

Property on Spain’s coasts, where the market is largely driven by British and other European second-home buyers, has already stabilized, he said.

“Now what we have seen is that the houses on the coasts . are starting to recover not so much on prices but in transaction volumes and that is coming from European citizens that want to have a second house in Spain.

According to some property professionals, Marbella property prices are holding and unlikely to fall further. Interest from overseas investors is coming back to the area, looking for good investment opportunities.

Marbella is known as “quality destination” and attracts quality tourism. This summer has seen the largest number of occupancy in 5 star accommodation since 2007 as well as a record month of August for foreign tourists.

Some real estate companies are predicting that the market in the area has reached its lowest point, attracting interest from international buyers.

Why is Marbella different? According to one of the well established real estate professionals in Marbella, Christopher Clover, there are far fewer new properties for sale in Marbella: as a result of 24 years during which the Municipal General Plan was not renewed, there was a shortage of new land being zoned for construction, hence causing a freeze in building activity. The General Plan was only just renewed in the middle of 2010 and as much as anything else, Marbella has become a really glamorous place to live again, with an efficient, honest local administration, and with a new General Plan providing a legal security for property owners that was missing in the last decade. Marbella provides not only the glamor (if one wants it), but represents one of the cleanest, most secure places to live on the Mediterranean Coast.

Since the beginning of November Bancaja habitat has started an number of road shows in Alicante and Murcia with over 3000 properties with discounts of up to 60%. To further this, another promotional offer is in place with some of the new developments with further reductions of up to 40%. Dont delay and purchase before Christmas to take advantage of the VAT reduction also, making a substantial saving.

Bancaja Habitat has launched the property Outlet where you can find new and resale properties at heavily discounted prices. We have selected over 500 properties all over Spain and reduced the prices permanently. More properties will be added to the Outlet list, so don’t forget to visit our website regularly for new updates.

Come and visit our properties in Spain and if you buy one we will give you 500 Euros towards travel costs. We can also accommodate  you in one of our Life Resorts in Santa Pola or Benidorm at preferential rates; 150 euros for 2 days, half board for 2 persons.

This year’s event is taking place in London Excel from 13^th to 15^th October and will include an initiative organized in collaboration with the Spanish Ministry of Infrastructure and the Spanish Institute for Foreign Trade (ICEX). The focal point will be stand 360 where leading Spanish companies will showcase a broad range of investment opportunities. Bancaja Habitat participates in this event with several of their discounted properties focusing on investment for individuals or corporate.

On Thursday 13^th October, the Spanish Secretary of State will participate in a special seminar presenting an up to date overview of the Spanish real estate sector. The presentation will focus on why Spain is an atractive investment and why now is the optimum time to invest in the real estate sector in Spain, with an overview of the Government measures put in place to promote this type of investment.

Source: Porperty Investor Show

The Spanish government has decided to cut VAT on new built properties from 8% to 4% as a temporary measure and only until 31^st December.

Development minister Jose Blanco has announced the good news as an initiative to stimulate the property market in Spain.

This means a saving of 6000 Euros on a property of 150.000 Euros, which together with Bancaja Habitat promotional offers on their new properties with up to 40% discount, converts to substantial savings for the purchaser.

Come and visit our properties in Spain and if you buy one, we will give you 500 Euros towards your trip.

The most traditional industry in the country, the sun and sand, this year is looking to be a record braker. During the first five months of 2011 more than 19 million foreign tourists came year to Spain, which means an increase of 7.3% over the same period last year, according to the survey of the Frontier Tourist Movement (Frontur), Ministry of industry. The start of the anticipates a good tourist season, driven mostly by the unsettled Arab countries traditional Spanish competitors, and economic recovery in major source markets. Minister Miguel Sebastian said yesterday that even for all 2011 forecasts suggest that this industry will reach its fourth best result in history.

The interest in the Spanish real estate market by European investors has increased slightly over the last year, standing at the fifth position in the ranking with a 9% improvement, according to the findings of a survey conducted by property consultant CB Richard Ellis to over 340 European real estate investors.

Investors again see real estate opportunities in the Spanish market, with yields at levels historically attractive. The year 2010 ended with a volume of investment of 3.329 million euros, and the tendency towards 2011 is a slight increase in the volume of investment, according to the findings of the consultancy.