Is Real Estate and the Economic climate starting to see a turn for the better…….

Real Estate across the world is starting to see an upturn in the news being reported, Canary Islands and Spanish employment is being affected by Tourism numbers , United States consumer confidence is seeing a rise can this be the Obama effect….

US consumer confidence jumped the most in more than three years in April as the recent stock market rally dispelled gloom about the economy, but house prices in the largest US cities tumbled further in February. The 18.6 per cent drop in house prices followed a 19 per cent year-on-year decline in January. However, for the first time in 16 months the rate of decline eased from the prior month, offering some hope that the property market could be beginning to bottom out. Combined, the results add to the case that the US economy could be digging itself out of the worst recession since the Great Depression.
to the HIA.
Australian new home sales rose by 4.2% year on year in March following a significant upward revision to the February annual rate of increase to 7.8% from 3.9%, according to the HIA

29th April 2009

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Spanish Lifestyle – a safe and affordable investment

British people are increasingly buying homes in Spain in order to take advantage of its lifestyle, an expert has said. According to Paul Bradley of the Spanish Property Owners Guild, the country is a safe and affordable place in which to live or own a holiday home. Spain was described as an easily accessible destination where people can enjoy an outdoors lifestyle and a rich culture.
Mr Bradley added that the country appeals to older people in particular, as it is similar to how Britain used to be, only with better weather. He commented: "It reminds many baby boomers of how the UK was in their childhood: few rules, no cameras, little street violence and no binge drinkers."

According to the Association of International Property Professionals, Spain is still the most popular foreign market among British property buyers. The country was said to account for more than a quarter of the overseas property market in 2007.