Retired Brits are releasing equity from their homes at levels not seen since before the 2008 financial crash, signalling confidence in the UK property market and bringing potential knock-on benefits for overseas property markets. Richard Way, Editor at The Overseas Guides Company said: “According to the Equity Release Council, the over-55s in the UK borrowed […]
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Could UK equity fuel the next overseas property boom?
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airBaltic to launch New Riga – Palma de Mallorca Route
Latvian national airline airBaltic is set to launch a new route between Riga and Palma de Mallorca, Spain later this year. The new route will offer convenient connections between the two cities and beyond to destinations in the Baltic region, Scandinavia, Russia and the CIS countries. Martin Gauss, Chief Executive Officer of airBaltic said: “Our […]
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Well baked in Spanish sun
Record numbers of foreign tourists poured into Spain in 2013 to bake on sunny beaches but a new challenge lies ahead: luring them to holiday spots inland. An unprecedented 60.4 million foreign tourists came to Spain last year, spending an estimated 45.1 billion euros (US$61 billion), according to industry association Exceltur. The visitors came mostly […]
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Weekly direct flights from Channel Islands to Majorca launched
Jersey will continue to enjoy a weekly direct flight to the Med. in 2014, as FlyDirect announce a jet service that will take islanders to the island of Majorca in just 2 hours. Guernsey residents will also be able to take advantage of this service with same-day connecting flights. The tour operator will be providing […]
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Spanish destinations make Holiday Top 10
SPAIN has swept the board in best holiday destination competition as the Costa del Sol, Tenerife, and Mallorca were listed among the top holiday rental destinations for 2014. The projections by Alpha Holiday Lettings, one of the UK’s most popular holiday accommodation rental portals, are based upon client inquiries and web bookings throughout 2013 which […]
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11 million tourists visit the Balearic islands
MORE than 11 million foreign tourists visited the Balearic Islands between January and November this year. That it 7.2 per cent more than the same period last year, according to the Tourist Movements at the Frontier survey released by the Ministry of Industry, Energy and Tourism. In November, the islands were visited by more than […]
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Which? reveals best and worst airlines…
A small airline serving the Channel Islands has beaten the big names to come top of the short haul airlines table in the latest Which? survey. In a poll of more than 12,000 passenger experiences, Guernsey-based Aurigny Air Services fares better than the other 21 short haul airlines featured, achieving an impressive customer score of […]
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Balearic property market boosted by foreign buyers as prices rise by 4.8%
The Spanish government has recently revealed that 4 of the country´s 17 regions posted property price increases in the third quarter of this year compared with the same period in 2012. The country´s development ministry said the biggest increase in property prices, 4.8%, was posted by the Balearic Islands, a relatively small region with a […]
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Orange launches EUR 10 million Palma de Mallorca 4G network
Orange Spain has inaugurated 4G services in Palma de Mallorca, the capital of the Balearic Islands, after investing EUR 10 million in modernizing its access and transmission network. Orange’s 4G network, which allows users to browse at up to ten times the speed of current mobile networks, covers the entire metropolitan area of Palma de […]