Channel 4’s popular overseas property program ‘A Place in the Sun’ has once again featured some of Barrington Homes´ properties. The team were busy filming in the Duquesa area last week for 2 property programs to be broadcast later in the year. This is the third time that ‘A Place in the Sun’ has filmed with Barrington Homes and we were delighted to welcome them back so they can once again showcase our beautiful area and properties to millions of viewers.

Interestingly this is a “Celebrity Place in the Sun” and I understand they are putting an offer in on one of the lovely penthouses in the Marina area, so it will be interesting to see if it is accepted. We are so pleased that yet again we have been able to help in finding a fantastic property in Duquesa and get such great exposure of this wonderful part of the coast. Exciting times for Puerto de la Duquesa indeed as its popularity is certainly growing and thriving. I shall keep you posted as to when this episode will be aired.

Spanish mortgage enquiries have increased by an incredible 95% according to a leading mortgage specialist. This increase is based on the 2013 compared to the 2014 January to September period.
Leaders in the property industry attribute this increase to the Pound Sterling reaching a 2 year high at 1.28 to the Euro. Also the potential upturn in the Spanish property market with an influx of investors cashing in on the low property prices which may be set to now steadily increase in 2015.

Spain also remains the most popular country for British buyers with Spanish mortgage requests accounting for an incredible 51% of overseas mortgages. Again, France is the next most popular accounting for 29% of enquiries.
The strong pound is making Spanish properties much more affordable for UK buyers with a typical 200,000€ property in Puerto Duquesa now being an incredible 25,000€ cheaper than it was 12 months ago ! This phenomenal saving coupled with Spains historically low mortgage rates make Spanish property affordability better than it has been for years.

Barrington Homes have also noticed an increase in interest in property in Duquesa especially from UK buyers looking for holiday homes in Puerto de la Duquesa. Property experts are predicting that property prices will slowly begin to rise throughout 2015/6 making now a great time to buy a property in Spain. Barrington Homes have a great selection of properties in Estepona, Manilva, Duquesa and Sotogrande at excellent prices. www.barringtonhomes.eu

Figures released last week by the Spanish Finance minister hint at a potential recovery in the economy after it has battled back from 2013 when Spain had its second recession in 5 years. It is widely understood that Spanish property prices have fallen between 30% and 40% over the past 6 years and in some regions and locations the percentage decrease is significantly more.

Last quarters Spanish property prices rose 1.7% which even though they are a long way from previous highs it is a clear indication that collapse of the Spanish Real Estate market may be in the past. In the Malaga province property transactions also increased by a remarkable 24% which indicates a return of consumer confidence to the Costa del Sol property market.

Here in Puerto de la Duquesa Barrington Homes have noticed that the domestic demand for property has not returned as yet but foreign interest in property in Manilva is undoubtedly increasing. This is potentially simply a reflection on the individual countries economic status. The result is a slow stabilising of property prices coupled with an increased demand from foreign investors in time the property market will undoubtedly recover.

2014/5 are certainly indicating several factors that contribute to the ideal time to buy a property in Duquesa. The stabilising property prices, return of buyer confidence in the Malaga region, increase demand from foreign investors in Duquesa property and also 2 year highs in currency exchange making the property in Duquesa even better value.

If you would like more information or are considering buying a property in Duquesa dont hesitate to contact us at info@barringtonhomes.eu or call 610975075. Take a look at Barrington Homes properties for sale.

A study by Real Capital Analytics has revealed that Spanish property sales have increased a remarkable 183% in the first quarter of 2014 compared to the first quarter of 2013. This equates to over 1.4billion Euros of property transactions throughout Spain. These impressive figures prove the return of investor confidence to the Spanish property market.

A number of Private Equity companies are investing heavily in Spanish Real Estate and particularly throughout the Costa del Sol. Private Equity companies have increased their market share in property in Andalucia by a staggering 13.9%. Goldman Sachs are particularly active in the residential property market. This large increase in private investment in the area shows that property prices are potentially at the lowest they will go. Also that supply in property is also reduced due to the purchase of entire developments or blocks of apartments by these leading investment companies.

Spains Development Ministry has also recently announced that the average house price in Spain fell by only 0.5% in the first quarter of 2014 which is the smallest decline in any quarter in the last 4 years which suggests that the bottom of the market is near.

With investor confidence increasing, property supply reducing and the property values more stable it certainly suggests that anyone wishing to own a property in Duquesa or make a sound property investment should certainly act now. Register your interest with Barrington Homes today at info@barringtonhomes.eu or book a Property Viewing Trip. Dont miss out on this great opportunity !!

The Organisation for Economic Cooperation and Development (OECD) have assessed the value of housing in 27 member countries based on the ‘average wage against the long term property prices’ and also ‘property prices versus rent’ to assess the properties value as a business investment. Spain scored among the best on both counts and improved its score on 2013 results. Spains property market scored better than rival countries such as USA, Canada, Australia and New Zealand which we all over valued according to the report.

In the statement released by the OECD it also commented that “In Europe, strong house price growth is continuing in Germany and Switzerland, and has also resumed in the UK, even though prices there are already above longer-term norms relative to rents and incomes. Markets remain softer in other parts of the euro area, reflecting weak income growth and tighter financing conditions.”

The report is encouraging for anyone who wants to invest in the property market in Spain in 2014 as the prices are the most relative to the low Spanish wages and rental yield is still strong. For more information on bargain buy property in Duquesa take a look at Barrington Homes comprehensive guide.

Taylor Wimpey, one of the largest British based housebuilding companies, have recently started construction on one of the last remaining beachfront plots in the Costa del Sol. La Galera beach in Estepona is the site of their Horizon Beach development. This will be a great asset to the area of Estepona as Taylor Wimpey are renowned for their quality and luxurious development throughout Spain. Taylor Wimpey is a FTSE 250 company and have been building since 1958. Flagship Taylor Wimpey developments include Los Castillos Duquesa, Monte Duquesa and numerous developments in the famous La Quinta Golf and Los Arqueros Golf.

Horizon Beach Artists Impression

Barrington Homes are an agent for Taylor Wimpeys Horizon Beach development and the project and prices have only just been released. The project will consist of just 36 apartments comprised of 3 blocks of 3 level apartments and penthouses. The majority of the apartments will be 3 bedroom and 2 bathroom and starting prices are from 300,000Euros. These high quality Horizon Beach apartments will be completed in 2015.

Horizon Beach Pool and Gardens

The apartments have been designed to maximise light and space and also completed to the highest of quality with heating and air conditioning, luxury kitchens and bathrooms. All properties of course comply with the latest European technical building codes. Facilities include private parking, store rooms, swimming pool and gardens all within the gated beachfront resort.

Horizon Beach Aerial View

In addition to the obvious excitement in the Real Estate industry about this superb beachfront development in Estepona, the development proves and reinforces the notion that the Costa del Sol is a great place for not only FTSE companies but also individuals to invest in property in Spain. Investor confidence is bound to steadily return to the overseas housing market which may potentially increase house prices in the area. Could 2014 be the year to capitalise on the current low house prices in Duquesa and the Costa del Sol? Contact one of the Barrington Homes team for specialised and experienced advice. Barrington Homes have over 10 years experience in the Costa del Sol Real Estate Industry and can find your ideal home in the Costa del Sol.