Tuesday, December 4, 2012

Sales of luxury homes in Spain begins to revive

Puerto BanusFor home sales recover (beyond what happens in the end of 2012 for the disappearance of tax incentives) have much. But part of the real estate sector the luxury, and noticed less crisis (is it about the money) and before showing signs of recovery. At least according to the new analysis for Spain and Portugal of Knight Frank, the market confidence is improving and sales volume of luxury homes (residential market they call it prime ) are rising.

Its latest report has assessed the current conditions market in several international buying Spanish destinations: Barcelona, ​​Madrid, Marbella, Sotogrande and the Balearic Islands . The market super-prime Spanish (15 million euros onwards) focuses on Marbella, Sotogrande and the Balearics. One of its main conclusions is that buyers coming from new markets, such as Latin America , are helping to prop up demand in some markets for luxury homes. says Knight Frank that buyers prime focus on the lifestyle factor and the potential long-term investment . In that sense, and due to currency fluctuations, some foreign buyers have been able to benefit from significant discounts, and take advantage of price adjustments that began in 2008 and still.