Average residential property prices in Spain were 5% lower in January than they were a year ago and are now almost 20% below their peak values of 2007, according to the latest real estate index to be published. The Tinsa index shows that Mediterranean coastal areas where foreigners tend to buy have done significantly worse […]
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Average property prices in Spain now almost 20% below peak but Balearics picking up
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Sales climb points to Spanish property recovery
Spanish real estate has had its first official good news since the collapse of the market, with home sales increasing last year for the first time since 2007. The latest figures from the country’s National Statistics Institute (INE) show property sales in Spain rose 6.8% in 2010, which, whilst still significantly down on boom-time levels, […]
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Caves of Drach (Cuevas del Drach)
The Caves of Drach are the most famous tourist attraction on the island of Mallorca. There are three chambers inside the caves, Cueva Negra (Black Cave), Cueva Blanca (White Cave) and Cueva Luis Salvator (Luis Salvator Cave). The latter is named after the Archduke Ludwig Salvator of Austria who invited Édouard-Alfred Martel to explore the […]
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London Oxford Airport welcomes new summer flights to Palma, Mallorca
London Oxford Airport is preparing to welcome new, direct weekly holiday flights to the popular Balearic Island of Mallorca from mid-June through to the end of September. Services will be operated every Saturday morning by Eastern Airways, the 13-year old award-winning regional airline, using quiet and fuel efficient Saab 2000 50-seat aircraft. The flights are […]
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Mallorca ”offers great value cuisine”
Gastronomes planning a trip to Mallorca can sample a varied range of foods, according to a journalist and author based on the island. Anna Nicholas described the selection of cuisine on offer to visitors as ‘fantastically wide’, with Palma, the capital city, providing plenty of choice. The old town offers ‘sophisticated fine dining’, while the […]
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Cala Anguila – Porto Cristo (Mallorca)
“Residencial Cala Anguila”, is a new residential complex developed by Taylor Wimpey on one of the last remaining developments with direct access to the beach in Mallorca. On the east coast of Mallorca, only 3 kilometres from Porto Cristo and next to the coves of Cala Anguila, Cala Romántica and Cala Mandía, “Residencial Cala Anguila” […]
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Pedal power
Pedal power takes over Mallorca this week as 20 professional teams from all over the world arrive on the island to compete in the 19th Tour of Mallorca. The Mallorca Challenge is an international event and attracts many of the top teams in the cycling world. It consists of a series of five races throughout […]
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2011 looking good for Taylor Wimpey de España
Emerging from the winter season with 2011 ahead of us, there have been mixed reports about the Spanish market, with official statistics spelling out very different stories. One company however, that is looking forward to a promising 2011 based on their property sales figures from 2010, is Taylor Wimpey de España, the largest British developer in […]
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We need Spain
Spain’s tourist industry rebounded last year from the economic crisis that has battered the key sector, with the number of foreign visitors edging up by one per cent, the government has said. Although down by 6.5 per cent to 12.5 million, Britons represented the largest tourist group making up 23.6 per cent of the total, […]