Press Releases and Media Information for Kyero.com - Home

AIPP Guide to Buying Overseas Property Safely

2009-10-07T07:00:00Z

The Association of International Property Professionals (AIPP) has released the 4th edition of its annual guide, Buying Overseas Property Safely – The Consumer Guide from the Industry Body.

You can view the AIPP Guide online, or complete this form and the AIPP will post you a hard copy of it.

As the step-by-step manual of how to avoid common pitfalls and buy overseas safely, it's become the Green Cross Code of the international property market.

It provides consumers with independent and expert advice with features such as 5 common pitfalls and how to avoid them and 10 questions to ask your agent.

It also explains who buyers will need to hold their hand through the process, from agents and developers to lawyers, foreign exchange specialists and financial advisers.

The 64-page publication also includes a full list of AIPP Members, all signed up to follow the industry's professional Code of Conduct, along with information for consumers on how the AIPP can help them.

"In a largely unregulated sector, our sole aim is to make the international property market a safer place in which to buy property," explains Paul Owen, Chief Executive of the Association

You can view the AIPP Guide online, or complete this form and the AIPP will post you a hard copy of it.

<form>

Name	<input>	Please complete each field. We'll only email you in case of a query. Don't worry, we hate SPAM too. privacy policy Kyero.com is regulated by the AIPP guidelines of conduct & ethics & is proud to be an AIPP member.
Email	<input />
Address	<textarea></textarea>
	<input />

</form>

Buyers Gravitate to Bargain Spanish Property

2009-07-02T07:00:00Z

According to the latest analysis from Kyero.com, foreign buyers are increasingly looking for bargain properties and are focusing their property searches in Spain's best-known provinces.

Published on July 1st 2009, the latest Kyero.com enquiry report analyses over 100,000 enquiries made by email through the site during the first half of 2009.

Estate agents advertising on Kyero.com can access the full 30-page report providing a province-by-province breakdown of Spanish properties of most interest to foreign buyers.

With the benefit of the information contained in 9 previous issues, they can also access in-depth buyer trends dating back to 2004.

A four page overview of the latest report comparing 2008 and 2009 is available as a free download.

Alicante Most Popular

Alicante province has steadily increased in popularity over the years - now attracting almost 30% of attention from foreign buyers visiting Kyero.com.

Malaga province has remained stable with a little under 15% of visitor attention, while Granada seems to be losing to both Malaga and Alicante.

In all likelihood, this trend of popularity is a reflection of buyers finding property bargains in the provinces where there are the most properties available. Those kinds of markets - Alicante and Malaga in particular - are likely to offer buyers the biggest discounts, and better bargains.

Top-5 share of enquiries by Spanish province
Rank	2009	2008	2007
1.	Alicante	28.7%	Alicante	24.3%	Alicante	17.4%
2.	Malaga	14.4%	Malaga	13.2%	Granada	16.4%
3.	Granada	8.8%	Granada	11.5%	Malaga	14.4%
4.	Almeria	5.7%	Tarragona	7.6%	Almeria	9.0%
5.	Tarragona	5.75%	Valencia	6.1%	Valencia	8.5%

Price Sensitivity

This bargain-hunting mindset is dramatically demonstrated with properties priced under €150K attracting 65% of visitor attention - up from 58% in 2008.

At the top end, properties priced over €350K have remained relatively stable at 10% of the market, with interest in properties in the €150K to €350K slipping.

Share of enquiries by property price range
Price range (€000's)	2009	2008	2007
Under 50K	21%	18%	21%
50-150K	45%	40%	42%
150-250K	21%	23%	21%
250-350K	9%	10%	8%
350-500K	5%	5%	5%
Over 500K	5%	5%	3%

More Representative

The latest Kyero.com enquiry report is more representative than ever of foreign buyer activity in the Spanish property market. Kyero.com continues to gain market share and attract more visitors than ever - even in the current 'quieter' Spanish property market.

Comparing the first half of 2009 to 2008, Kyero.com has boosted visitor numbers by 65%, and those making enquiries by 32%.

The number of properties viewed have increased by 23% to produce an overall increase in leads and responses of 38%.

Martin Dell, MD of Kyero.com commented: "Most commentators believe that the overall market for foreign buyers of Spanish property is shrinking. Even so, Kyero.com is delivering significantly more leads than ever to advertising estate agents.

About the Kyero.com Enquiry Report

The Kyero.com enquiry report is published bi-annually to analyse the trends in buyer behaviour and interest regarding Spanish property for sale. It excludes enquiries made about leasehold, fractional-ownership and rental properties.

Estate agents advertising properties on Kyero.com use the site to accurately quantify buyer sentiment. With access to this detailed information, they are able to adjust their marketing campaigns to appeal to the widest possible range of buyers.

Foreign Buyers Favour Alicante Property

2009-01-07T10:23:00Z

According to the latest analysis from Kyero.com, the Spanish property most likely to attract the attention of a foreign buyer is a 3-bed country house, with no swimming pool in Alicante province, priced under €150,000.

Published on January 1st 2009, the latest Kyero.com enquiry report analyses 90,000 enquiries made by email through the site during the second half of 2008.

Estate agents advertising on Kyero.com can access the full 30-page report providing a province-by-province breakdown of Spanish properties of most interest to foreign buyers. With the benefit of the information contained in 8 previous issues, they can also access in-depth buyer trends dating back to 2004.

A single page overview of the latest report is available as a free download.

Aside from Alicante, provinces faring well in terms of enquiry numbers are the traditional favourites of Malaga, Granada and Tarragona, attracting 13.2%, 11.5% and 7.6% of enquiries respectively.

The provinces of Valencia, Almeria and Murcia were closely matched with 6.1%, 5.7% and 5.1% of enquiries respectively. Overall, just seven provinces attracted almost three-quarters of interest from foreign buyers with the remainder shared between 40 other Spanish provinces.

Kyero.com MD, Martin Dell commented "The criteria of foreign buyers differs significantly from that of Spanish property buyers. Unsurprisingly, Spanish buyers favour big cities such as Madrid and Barcelona, yet the majority of foreign buyers are more interested in traditional inland property or a beachfront lifestyle."

Comparing the latest enquiry report with previous issues, Alicante province ranks consistently as the most popular province since 2006, with Granada and Malaga jockeying for second position.

In the last three years, Alicante province is the only one of the top-5 to have increased its share of enquiries from 18.2% in 2006 to 24.3% in 2008. Each of the other contenders has lost share - to Alicante and to other, less familiar areas of Spain.

Top-5 share of enquiries by Spanish province
Rank	2008	2007	2006
1.	Alicante	24.3%	Alicante	17.4%	Alicante	18.2%
2.	Malaga	13.2%	Granada	16.4%	Granada	17.4%
3.	Granada	11.5%	Malaga	14.4%	Malaga	16.2%
4.	Tarragona	7.6%	Almeria	9.0%	Almeria	7.9%
5.	Valencia	6.1%	Valencia	8.5%	Tarragona	7.5%

The good news for estate agents is that foreigners are increasingly interested in buying more expensive properties. Since 2006, the proportion of enquiries for properties over €500,000 has quadrupled - now standing at 4.5% of all enquiries made.

The trend at the other end of the price spectrum has also changed dramatically. In 2006, 28% of enquiries were made about properties priced under €50,000. In 2008, that percentage decreased to just 17.7%.

The most popular price range of €50,000 to €150,000 attracted a steady 40% of total enquiries each year but the higher price ranges all increased their share of enquiries over time.

Share of enquiries by property price range
Price range (€000's)	2008	2007	2006
Under 50K	18%	21%	28%
50-150K	40%	42%	40%
150-250K	23%	21%	20%
250-350K	10%	8%	7%
350-500K	5%	5%	4%
Over 500K	5%	3%	1%

Spanish Estate Agents Speaking in Tongues

2008-12-01T13:00:00Z

Savvy estate agents marketing properties in Spain have long known that reaching foreign buyers is an essential part of their marketing mix. With the credit crunch in full swing, accessing a diverse cross-section of buyers makes more sense today than ever before.

Today, award-winning Spanish property portal, Kyero.com launched a raft of new features enabling estate agents to reach more buyers in more languages, more easily and more quickly.

Voted Best Spanish Property Portal in 2007 and 2008 at the CNBC-sponsored European Property Awards, Kyero.com serves property buyers in 9 languages, including Russian, Danish, Dutch and Spanish.

Over 60% of visitors to Kyero.com perform searches and view properties using a non-English version of the portal. Estate agents advertise Spanish properties in each language by describing them fully or by using a check-box translation tool provided by Kyero.com.

However, half of the 100,000 Spanish properties featured on Kyero.com are updated automatically using data feeds from agents' own property management systems. Until now, these agents have been unable to access the automatic translation features of Kyero.com, relying instead on themselves providing full property descriptions in every language.

Now, using the new auto translation features launched by Kyero.com, they can describe properties in English using their own property management systems, and Kyero.com will automatically generate accurate translations in 9 languages. This means estate agents can advertise more effectively to more buyers in more languages, with less effort - and without paying a premium to do so.

Martin Dell, Managing Director of Kyero.com commented "In the current market conditions, we believe it essential that we continually deliver better value by developing and improving upon the services we offer - without raising prices. The key to survival for estate agents in Spain isn't to economise on their advertising spend - it's to market to 60% more buyers. These new features enable them to do just that."

Speaking of the accuracy of the translations provided by Kyero.com, Dell commented: "Kyero.com relies on human, professional translators in each language. The beauty of this new system is that it learns and adapts according to the check-boxes selected by each estate agent. When the system first encounters a check-box selection, each translator is automatically prompted to provide a translation for it. Once that particular check-box has been translated, it becomes part of the marketing arsenal available to every estate agent advertising on Kyero.com."

In addition to launching new translation features, Kyero.com also provided estate agents with more flexible ways of managing properties. Agents can now import to Kyero.com using multiple property feeds and can manage additional properties directly through the Kyero.com control panel.

The Kyero.com control panel is now available in both Spanish and English and provides estate agents with improved tools to visualise and download detailed information about the effectiveness of their marketing campaign with Kyero.com.

Dell concludes: "Kyero.com derives business value only when we deliver business value to our advertisers. We're committed to providing estate agents with the most advanced advertising services possible - and the tools to measure the value they gain from advertising with Kyero.com."

Estate agents already advertising with Kyero.com have immediate access to these new features. Agents not advertising with the portal can register at introductory rates, starting from just €70, advertising 100 properties for three months.

Kyero.com Voted Best Spanish Property Portal 2008

2008-09-29T06:16:00Z

Following their 2007 success at the CNBC-sponsored European Property Awards, Kyero.com has been voted Best Spanish Property Portal of 2008 - outright winners in their category.

Martin Dell, MD of Kyero.com commented "After winning the award in 2007, the pressure was really on to retain the title in 2008".

"Thankfully, our relentless development of Kyero.com gave us plenty of new competitive advantages to wow the judges with and I'm delighted to have been successful again this year."

Since being voted the best Spanish property portal in 2007, Kyero.com has added more language versions of the web site, most recently in Italian & Portuguese and Russian. In the past 12 months, over 2,500 features and improvements have been added to the site - something that Dell believes is key to their continued success.

"During tougher market conditions, the temptation for every business is to batten down the hatches and hope to weather the storm. However, for businesses involved in marketing, that's precisely the wrong approach."

"By committing our resources to a continuous cycle of product development, we're connecting more buyers and estate agents than ever before - providing the market with the services it needs to flourish."

Charlotte Ashton of specialist PR agency, AB Property Marketing accepted the award on behalf of Kyero.com from Peter Bolton King, Chief Executive of the National Association of Estate Agents (right) and Thijs Stoffer, CEO of the International Consortium of Real Estate Associations (left).

Kyero.com and Proptrack Collaborate in Spain

2008-09-25T07:00:00Z

Award-winning Spanish Property Portal, Kyero.com today announced an industry-first collaboration with Proptrack, a property management system for estate agents.

The 1,500 estate agents using the property portal can now export their information from Kyero.com to Proptrack. This new collaboration allows estate agents to benefit from the work flow, property management and collaboration features of Proptrack and the outstanding marketing and lead generation features of Kyero.com.

Commenting on the agreement, Martin Dell of Kyero.com said: "Although it is common practice for property management systems to allow their estate agent clients to send data to property portals, we believe this is the first time that the flow of information has also been made to work in the reverse direction. Most property portals tend to ring-fence their property data - an attitude which is detrimental to their estate agent clients."

Speaking of the industry-standard XML method of data transfer pioneered by Kyero.com in 2003, Dell continued: "Almost five years ago, Kyero.com was the first Spanish property portal to encourage the free flow of property data out of the portal. Even today, we are one of only a handful of property portals in the world to do so. Our fundamental objective has always been to improve the flow of information in the Spanish property business, and this new collaboration with Proptrack is another example of us achieving just that".

As part of the agreement, Kyero.com is sharing more than property information with the Proptrack management system, explains Dell. "When an estate agent enters property information on Kyero.com, we groom and standardise their location information, adding geocode data to each property record. We have not shared this information previously because of the substantial investment we made in developing the proprietary technology that calculates this value-added information. However, in order for estate agents to gain the most benefit from the Proptrack system, we saw that this was essential to pass this geocode data to Proptrack."

This means that when estate agents export their property information from Kyero.com to Proptrack, the accuracy of their location information is preserved. A problem peculiar to Spain is that there are several spoken languages - Castilian, Catalan, Basque and Gallego. This means that many locations actually have two names in common use - one in the 'local' language and one in Castilian Spanish.

Additionally, there are almost always colloquial names for towns and urbanisations - which means that it's often difficult to accurately pinpoint an urbanisation or town. This new agreement between Kyero.com and Proptrack ensures that estate agents benefit from accurate location information within both Kyero.com and Proptrack systems.

Dell concludes. "Running a successful property portal is a very different business to providing back-office tools for an estate agent to manage their properties, vendors and buyers. This new collaboration between Kyero.com and Proptrack, allows each company to focus on its strengths and provide estate agents with best-of-breed solutions in both areas. In the tougher market conditions currently facing estate agents in Spain, this collaboration offers them a significant competitive advantage."

Kyero.com Launch Portal47.com

2008-09-10T09:56:00Z

OPP has learnt that Spanish property portal Kyero.com has soft launched a new company, Portal47.com, which will allow property portals in other countries to benefit from Kyero.com technologies.

Deriving its name from Kyero's research which suggests that there are now 47 countries in which British buyers are active, MD Martin Dell told OPP: "This is a complete turn-key service that will utilise the technology that exists within the Kyero.com site," he explained. "Over the course of its history, we have spent some €2million on the development of the site. We realised that it solved a number of problems common to country-specific property portals, hence the formation of Portal47.com to deliver a full-service technology solution based on the developments which have made Kyero.com successful."

Portal47 will work with a single in-country specialist that, while are perhaps good at attracting domestic buyers, are not able to adequately address the needs of foreign buyers active in the country. "The niche we have addressed in Spain with Kyero.com also exists in every country where foreign buyers are active. What Kyero.com does better than most is to make the geography of Spain accessible and meaningful to a foreign buyer. Kyero.com allows them to browse property at the level they're familiar with as well as giving them clues and inroads into other interesting options, geographically speaking. By opening up the technologies we've invented to apply to other countries, we believe we can work with an in-country partner and be successful in other markets in the same way."

Dell told OPP that the new company's first clients will go live in Portugal by December and in France by Q1 2009. He added that the end goal is to licence this technology to portals which will pay an initial set up fee, annual licence and a threshold-based commission structure.

He stated that rather than diversifying away from Spain, the new company aims to improve it's performance and exposure in that market too. "We don't expect Portal47 to be generating revenue for at least 18 months following the launch of each country-specific portal. This is very much a long-term-investment, and one which will enable each portal using Kyero.com technology to benefit from incremental improvements. Yesterday, for example, we added support for Italian & Portuguese languages to Kyero.com. As we roll-out to new locations, every country-specific portal will benefit from such developments simultaneously."

Story from OPP

Kyero.com Launches in Italian & Portuguese

2008-09-08T11:34:00Z

Today, award-winning Spanish property portal, Kyero.com launched two new language versions of the site in Italian and Portuguese.

Each of the new sites feature 100,000 Spanish properties from 1,400 estate agents in Spain and allows Italian and Portuguese speaking buyers to access the Spanish property market in their own language.

Kyero.com also provides estate agents with a simple point-and-click translation tool to enable them to fully describe each property in Italian and Portuguese – as well as in 7 other languages.

EN ES DE NL FR

DK RU PT IT

Martin Dell, Managing Director of Kyero.com says the move will help attract new property buyers into the market: “In the current market conditions, estate agents in Spain need as much help as they can get. Addressing a potential buyer in their own language is now an essential aspect of successful marketing, and an obvious way of filling the gap left by Spanish and English-speaking buyers.”

Estate agents using the point-and-click translation tool inside their Kyero.com control panel also benefit from having their properties automatically translated into each language. As new language versions of Kyero.com are added, an estate agents' properties become available in each language – without them having to do anything – and at no extra cost.

Dell concludes: “The professional and comprehensively translated language versions of Kyero.com enable estate agents to multiply the reach and effectiveness of their marketing campaigns on Kyero.com – without paying a premium to do so.”

Estate agents who are not already advertising on Kyero.com, can sign-up at discounted rates, starting from just €70 for three months advertising

Kyero.com Now Available in Russian

2008-07-29T10:37:00Z

Today, award-winning Spanish property portal, Kyero.com launched a Russian language version of the site: http://ru.kyero.com

The new site features 100,000 Spanish properties from 1,400 estate agents in Spain and allows Russian-speaking buyers to access the Spanish property market in their own language.

Kyero.com also provides estate agents with a simple point-and-click translation tool to enable them to fully describe each property in Russian – as well as in 6 other languages.

The Russian version of Kyero.com is the latest in a series of comprehensive language translations of Kyero.com. Portuguese and Italian versions are due to be added towards the end of 2008, making a total of 9 language versions of the site.

EN ES DE NL FR DK RU

Martin Dell, Managing Director of Kyero.com says the move will help attract new Russian-speaking property buyers into the market: “In the current market conditions, estate agents in Spain need as much help as they can get. Addressing a potential buyer in their own language is now an essential aspect of successful marketing, and an obvious way of filling the gap left by Spanish and English-speaking buyers.”

“Kyero.com has experienced a significant increase in enquiry levels from French, Dutch, German and Danish-speaking buyers, and our new Russian-language site aims to achieve the same result with Russian buyers.”

Estate agents using the point-and-click translation tool inside their Kyero.com control panel also benefit from having their properties automatically translated into Russian. As new language versions of Kyero.com are added, an estate agents’ properties become available in each language – without them having to do anything – and at no extra cost.

Dell concludes: “The professional and comprehensively translated language versions of Kyero.com are the result of a consistent, long-term investment in infrastructure technologies. This investment is now paying dividends to estate agents – enabling them to multiply the reach and effectiveness of their marketing campaigns on Kyero.com – without paying a premium to do so.”

Estate agents who are not already advertising on Kyero.com, can sign-up at discounted rates, starting from just €70 for three months advertising.

Kyero.com Amongst Most Powerful Property Portals in the World

2008-07-25T08:25:00Z

From Globaledge: “Seattle-based internet marketing portal SEOMoz launched its new Trifecta Tool. It has the lofty aim of measuring the popularity and importance of any web page, blog or domain name on the internet. The tool uses a number of data sources including PageRank, inbound links volumes, the number of times you are mentioned in the news and traffic estimates from sources like Alexa.com and Compete.com.”

“The tool is meant to evaluate how important and notorious you are, with sites like Google and the BBC at the top of the scale and a small estate agency website at the bottom. We thought we’d put it to the test on 50 English-language property portals across the globe.”

Kyero.com was evaluated as ranking 16th out of the top 50. First of the Spanish-only portals and first of the country-specific portals outside the US, UK and Australia.

The Changing Face of the Ideal Spanish Property

2008-07-07T07:00:00Z

Far from a pipe-dream, such properties do exist.

Published on July 4th, 2008, the latest Kyero.com enquiry report analyses over 130,000 enquiries made by email through the site during the first half of 2008.

A single page overview of the latest report is available as a free download.

Aside from Alicante, provinces faring well in terms of enquiry numbers are the traditional favourites of Malaga, Granada and Tarragona, attracting 14.3%, 11.8% and 7% of enquiries respectively.

The provinces of Murcia, Almeria and Valencia were closely matched with 6.8%, 6.5% and 6.3% of enquiries respectively. Overall, just seven provinces attracted almost three-quarters of interest from foreign buyers with the remainder shared between 40 other Spanish provinces.

Comparing the latest enquiry report with previous issues, Alicante province ranks consistently as the most popular province since 2006, with Granada and Malaga jockeying for second position.

In the last three years, Alicante province is the only one of the top-5 to have increased its share of enquiries from 18.2% in 2006 to 20.9% in 2008. Each of the other contenders has lost share - to Alicante and to other, less familiar areas of Spain.

Top-5 share of enquiries by Spanish province
Rank	2008	2007	2006
1.	Alicante	20.9%	Alicante	17.4%	Alicante	18.2%
2.	Malaga	14.3%	Granada	16.4%	Granada	17.4%
3.	Granada	11.8%	Malaga	14.4%	Malaga	16.2%
4.	Tarragona	7.0%	Almeria	9.0%	Almeria	7.9%
5.	Murcia	6.8%	Valencia	8.5%	Tarragona	7.5%

The most popular price range of €50,000 to €150,000 attracted a steady 40% of total enquiries each year but the higher price ranges all increased their share of enquiries over time.

Share of enquiries by property price range
Price range (€000's)	2008	2007	2006
Under 50K	18%	21%	28%
50-150K	40%	42%	40%
150-250K	23%	21%	20%
250-350K	10%	8%	7%
350-500K	5%	5%	4%
Over 500K	4%	3%	1%

Martin Dell of Kyero.com comments "One trend this report doesn't highlight is the increasing interest from foreigners in long term rental property in Spain."

"In 2004, enquiries about long-term rentals accounted for just 11% of the total - now they account for almost 20%. In one of the few property markets in Spain where demand outstrips supply, savvy estate agents are using long term rental properties to supplement their property sales businesses."

New Spanish House Price Index Q2, 2008

2008-07-02T09:32:00Z

Now that there’s detailed Spanish house price information on Kyero.com, we’ve taken the opportunity to streamline the pdf version of the Kyero.com Spanish House Price Index.

As you can see from the image above, it’s just 3 pages in length now – but there’s no shortage of information in there. There are average proces for 30 Spanish provinces and pricing trends going back to the last quarter of 2006.

We’ve also worked hard on the layout and presentation to make it easier to read, understand and digest – I hope you like it and that it proves to be a useful overview and companion to the detailed information now available throughout Kyero.com.

Martin Dell, Kyero.com

New & Improved Spanish House Price Index

2008-06-17T09:33:00Z

One of the problems we've been wrestling with is how best to present the quantity of pricing data we've amassed over the years (we've produced over 5 million points of data by updating our house price stats every month since the middle of 2005).

Hopefully, these new features, released only yesterday, will make it easier for you to dive in at the level you need without getting bogged down in too much detail.

You can find links to this new data from every property page and every property results page - just look for these About links at the bottom of the left-hand column.

These links are always relevant to wherever you are currently searching or viewing property details and link to more information about that particular town, province or region.

Clicking that house prices link will display this page about house prices in Malaga province. Here's what you'll find there

We now show when we do not have sufficient data to reliably display an average price
The quarterly average price is the biggest number, going back to 2005
Each quarter is compared to the province or regional average price
Each quarter is compared to the national average price
The current year is highlighted
The latest quarterly figures are summarised with links to province, region and national averages where appropriate
Average prices can be broken down even further by size of property
The original PDF house price index is still available for those who prefer a consolidated 'big picture' report

Murcia Tourism Boom and Price Increase

2008-02-15T08:00:00Z

Murcia, one of the few autonomous communities of Spain consisting of a single province, is looking ahead to a prosperous 2008 as the latest data reveals that property prices rose nearly 4% in 2007 and tourism increased by 18%.

Figures from the Ministry of Tourism and Commerce show that Murcia has far exceeded the national average increase of visitors to Spain (2.1%) with passenger traffic up by 23% to nearly 2 million at San Javier airport and 20% more cruise liners making Cartagena a port of call. Not only were visitor numbers up but tourist spending also saw a significant increase of 30%.

Murcia, located on the south eastern coast of Spain and home to the Costa Calida, has long been popular with Britons who enjoy an average annual temperature of 18°C, low rainfall and a varied landscape from the mountains inland to the largest salt water lake in Europe, the Mar Menor, all available under 2.5 hours flying time direct from the UK.

According to the Spanish Ministry of Housing (MVIV), Murcia is the third most popular province (after Alicante and Malaga) in which foreigners buy property; 20% of properties sold in Murcia in Q1 2007 were to foreigners.

Data from award winning Spanish property portal Kyero.com, reveals that average property prices in Murcia have continued to rise year on year. Whilst always remaining below the national average, 2005 saw an average price of €197,488, rising 4% to €203,568 in 2006 and 4% again in 2007 to €211,250. The very latest independent figures from Kyero.com show an average asking price of €212,000 (Feb 08), 14% below the national average of €245,000.

Martin Dell, MD of Kyero, comments, “The steady price growth seen over the past 3 years is a positive indicator for Murcia’s future. Compared to other provinces popular with Britons seeking second properties such as Alicante and Malaga, Murcia remains an affordable option with a wide variety of product available.”

These sentiments are echoed by Mike Hamilton, Director of Casas de Lorca, a developer based in the town of Lorca, 1 hour inland from Murcia City, he comments, “Our new build villa prices in Lorca rose by an average of 6% in the last year and the average resale rose by 4%. Murcia is one of the fastest growing regions in Spain and a new international airport opening in 2009 will further drive growth with an estimated 3 million passengers visiting in the first year.”

Find properties for sale in Murcia

Find properties for sale in Lorca

Apartments and Businesses Wanted on the Canaries

2008-02-11T07:00:00Z

Apartments are the most enquired about property type on three of the four main Canary Islands, Fuerteventura, Gran Canaria and Tenerife, according to award winning Spanish property portal Kyero.com, with commercial premises being the most popular on the island of Lanzarote.

Independent data from the Kyero Enquiry Report (July – Dec 2007) reveals that nationally 3 bedroom villas without a swimming pool and under €150,000 are the most sought after properties in Spain. It appears however that certain regions of Spain attract buyers looking for something a little different.

The Canary Islands, located in the Atlantic Ocean off the north-western coast of Africa, is one such region. Popular, with north Europeans especially, as a summer and winter holiday destination, retirement hotspot and the ideal place to start a new life in the sun, the volcanic archipelago attracts around 8 million visitors annually.

Currently ranked as the 8th most popular region in which to buy property in Spain on Kyero.com, property stock varies from bungalows, apartments and town houses to duplexes, villas and fincas but it is apartments by far which prove the most sought after in the Canaries with 42% of all enquiries. On the island of Tenerife for example 59% of enquiries are for apartments with town houses and villas trailing at 7% and 5% respectively. 64% of enquiries requested properties with swimming pools and 32% requested 2 bedrooms which currently average at €221,000 (Jan 08).

These types of properties are ideal for a wide range of buyers, be they families looking for an affordable holiday home in the sun, retired couples looking to downsize and emigrate or buy-to-let investors seeking low maintenance, high demand rental opportunities.

The Canary Islands certainly do offer something for everyone and the island of Lanzarote is no exception. Data from Kyero.com reveals that commercial premises are the most sought after on Lanzarote, ahead of apartments, with 37% of all enquiries. With over 5000 expats now living on this volcanic island, opportunities to set up and run a business in Spain abound. Commercial premises available range from Indian restaurants to bars, offices, shops, hair salons, bakeries, hotels and even swimming pool bars!

Find Properties for sale in the Canaries at Kyero.com