Archive for April, 2008

Bancaja Habitat launchs a web portal for the company network of collaborators.

April 25th, 2008

BHA SPACE

BH Space is a free service provided by Bancaja Habitat exclusively for the company’s network of partners. The service is here to help you with any problems or queries you may have. It aims to ensure that you make the most of our collaborative relationship by providing you with useful tips, document downloads and photographic material, and letting you order promotional material online. 

Tourists should purchase foreign currency soon

April 15th, 2008

Britons who are planning to visit Spain this summer have been advised to get their currency sooner rather than later.

The pound has now fallen to an all-time low against the euro, which has made purchasing the currency more expensive.

Since European countries such as Spain are among the most popular holiday destinations for British tourists, travel industry officials have urged people to try to minimise the impact of the exchange rate movements.

Kevin Mountford, spokesperson for Moneysupermarket.com, commented: “This is having quite an impact.

“Tourists now have to be careful not to leave their currency exchange until the last minute.”

A similar opinion was expressed by David Kuo of The Motley Fool, who told the Metro that consumers should get their money now and put it to one side.

Speaking to the newspaper, he said the pound is likely to have fallen further by the time summer comes around.

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Costa del Sol recommended to property buyers

April 15th, 2008

Overseas property buyers have been advised to consider purchasing a residence in the Costa del Sol.

Sean Collins, managing director of Pure International, stated that growing competition from emerging markets have made some people turn their backs on Spain.

Speaking to the Telegraph, he said this has resulted in lots of people missing out on potential opportunities within the country.

Mr Collins praised the “great value” of some properties in areas such as the Costa del Sol, as well as the fact that it is a safe place in which to invest.

This, he said, gives it a distinct edge over less-established locations such as those in eastern Europe.

He commented: “Values in emerging markets have accelerated at such a pace that there’s no real reward compared with the risk.”

Mr Collins added that whereas some emerging markets lack modern infrastructure and direct flights, the Costa del Sol has “excellent” facilities and is easy to reach.

The Telegraph recently described the Costa del Sol as a “hugely popular location” for British property buyers.
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Analysts dispel Costa del Sol myths

April 15th, 2008

Holidaymakers have been advised to see past myths surrounding certain parts of Spain by industry analysts.

Go2Spain said the Costa del Sol is widely perceived by leisure travellers as being “too touristy”.

However, the organisation has stated that this is not the case in every part of the region, as there are still peaceful and unspoiled locations in the vicinity.

The resort of Nerja was highlighted as one such place, as it has remained relatively unchanged in the last few decades and is just 30 minutes away from Malaga Airport.

Furthermore, the Costa del Sol was said to have a large number of villages with traditional buildings among the “fragrant” countryside of Andalucia.

Go2Spain commented: “There is plenty of Spanish-style accommodation on offer, all the better to enjoy the glorious sandy beaches and a mixture of Baroque and Moorish architecture.”

This comes after UK newspaper the Telegraph described the Costa del Sol as a “huge popular location” for British property buyers.
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Spanish tourist officials tap into India

April 15th, 2008

Tourist officials in Spain have revealed that they plan to open an outlet in India before the end of the year.

The National Tourist Office is establishing a base in Mumbai as part of its efforts to attract more Indian holidaymakers to the country, reports the Indo-Asian News Service.

If the plan is successful, it could prove to be highly lucrative for the Spanish economy and encourage growth in sectors such as tourism and construction, as well as the country’s housing market.

This may also serve to enhance its appeal among foreign property buyers who are seeking a good buy-to-let investment overseas.

Commenting on the move, Spanish ambassador to India Ion de la Riva said he is “looking forward” to increasing tourism in Spain.

He remarked: “We would like more people to visit the country from India.”

According to official figures, 59.2 million foreign leisure travellers visited Spain in 2007.
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Spanish coastline remains popular with property buyers

April 15th, 2008

Areas such as the Costa Blanca and the Costa del Sol are still popular locations for foreign property buyers, a British newspaper has revealed.

According to the Telegraph, the Spanish coastline is still a “big draw” for overseas investors, partly because it is so easy to get to.

This, it stated, is despite the growing trend of foreign buyers looking for possible investment opportunities further inland.

The Telegraph added that the Costas are also successfully facing off competition from les-established locations in other parts of the world, such as eastern Europe.

Commenting on its appeal to investors, the newspaper said: “It is certainly facing much stiffer competition. Nevertheless, it remains a hugely popular destination.”

The publication stated that the region is appealing to different types of buyers, such as retirees who are planning to live abroad full-time and those who are seeking financial returns from their investment.

Spain was recently identified as the most popular location among British buyers in a poll by A Place in the Sun magazine.
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Passenger upturn reported for Monarch’s scheduled services

April 15th, 2008

More people are using Monarch Airlines’ scheduled services, new data from the carrier has revealed.

The services in question include flights to Spain and Gibraltar, which may alert potential property investors who are assessing their buying options in these areas.

High visitor numbers to a country often make it a more sought-after investment property location, as overseas buyers have more of a market to target.

Monarch Airlines stated that there was a 9.5 per cent increase in passenger numbers in March, compared to the same month in 2007.

This year’s March passengers figures of 281,994 were up 24,461 on March 2007’s figures of 257,533.

Both Monarch Airlines’ scheduled and charter services reportedly carried a combined total of 501,017 passengers during the course of March 2008.

Alicante, Malaga and Murcia are among the 11 Spanish destinations Monarch Airlines flies to from the UK.
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BA opens up new Spanish routes

April 15th, 2008

British Airways (BA) has confirmed that it is to begin operating new flights between the UK and Spain.

The carrier will roll out services to places such as Alicante and Palma from Gatwick Airport ahead of this year’s peak summer holiday season.

Routes to other Spanish destinations including Ibiza and Malaga will also be added to its timetables.

Meanwhile, BA is also planning to add extra flights to Spain from other London-based airports.

Consumers will soon be able to travel on an extra route between Heathrow and Malaga, as well as flights from London City Airport to Barcelona.

The number of extra services reflects the continued interest in Spain and demand for convenient travel links with the country.

BA’s new services could directly contribute to an increase in visitor numbers to places such as Alicante and Malaga, thereby boosting their appeal to British property investors.

A Place in the Sun recently revealed that Spain is the number one location for buyers of foreign property from the UK.
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Heatwave hits Valencia

April 15th, 2008

The Spanish region of Valencia has recently been enjoying hot and sunny weather conditions, it has been reported.

According to the Typically Spanish website, last month’s rainfall in the province was 85 per cent lower than the March average.

Citing figures from the Valencia Meteorological Office, the online portal added that temperatures in eastern Spain were more than a degree higher than they usually are at this time of year.

The heatwave will have been a timely development for foreign leisure travellers who visited resorts such as Alicante last month, in particular people from the UK.

According to the Association of British Travel Agents, Spain was the “outright favourite” for Britons who chose to head abroad during the recent Easter season.

This year’s timing of the festival - Easter Sunday fell on March 23rd - was the earliest it had been in almost 100 years.
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Plans to re-establish sun routes ‘on the horizon’

April 15th, 2008

One airline is interested in starting routes to Alicante, Malaga and other Spanish destinations from Norwich International Airport this year, according to the managing director of the East Anglian hub.

Richard Jenner told the Norwich Evening News that these services - known as sun routes - could be offered again in the coming months, following Flybe’s decision to cancel them last July.

More routes into Spain from the UK may alert property investors to the country as accessibility to a nation is traditionally an important consideration for people who buy bricks and mortar abroad.

Mr Jenner told the newspaper: “Since Flybe pulled off that route we have been talking to about ten airlines - most of them want to start from next summer but there is one interested in starting this year.”

He added that the airport hopes to announce further information within the next two weeks.

Earlier this week, budget airline easyJet started routes from Manchester Airport to Malaga, having set up a base at the north-west hub.
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