Month: September 2010

Spanish Banks Lead Property Market Recovery

The Spanish property market is showing strength as it emerges from a very difficult economic period.  In the second quarter of 2010, house sales in Spain increased by almost 25% according to the country’s housing ministry. Fiona Maharg-Bravo from Breakingviews.com explains the position of the market, “the Spanish housing bubble isn’t in a hurry to… Read more »

Dubai World sets out restructuring deal

Dubai World has secured a deal worth a reported USD 24.9 billion with 99% of its creditors this month. The complexities of the deal have taken over 10 months to negotiate resulting in the largest re-structuring the Gulf has ever seen. The company’s debts have be reconfigured into two loans, maturing in 5 and 8… Read more »

RAK Property set for growth following price stabilisation

Property in Ras Al Khaimah has performed surprisingly well over the last two quarters, even showing growth in some areas.  “A lot of people are underestimating Ras Al Khaimah — it is an attractive and peaceful place where they can play golf until late and the area around the homes is much more spacious and… Read more »

Paramount Pictures to Open its first European Theme Park in Murcia, Spain

Paramount Pictures has announced that the location of their eagerly awaited Theme Park will be in Murcia, Spain. After months of negotiations with local authorities from and around Europe, the prestigious Hollywood film makers were drawn to the Murcia region. With an enormous collection of box office hits to their name, Paramount, a Viacom owned… Read more »

Tourism in Spain

Spain is the No.1 holiday destination amongst Brits and is the 3rd most visited country in the world. Its tourism industry has featured heavily in the country’s economic growth and from 2006 to 2009; the country used its historic cities, sunny shores and cherished Tapas to attract over 226.1 million visitors. The Spanish tourism phenomenon… Read more »

Spanish Property Market

The Spanish property market thrived off the back of a strong tourism industry which required the creation of high quality housing. The country experienced a large influx of private investment accompanied by public investment to support the development and growth of Spain’s coastal regions. Owners of Spanish real-estate gained fantastic returns making their properties very… Read more »