Bloomberg News Service reported an obvious end of the valley floor; Premium segment by Spanish real estate crisis largely untouched the Tubingen-based fairvesta group, which has among other things a representative office in Moraira, Spain due to their activities abroad, draws attention to a Bloomberg message hard in the press. Then the number of house sales by 2.1 percent has increased for the first time in Spain and thus a reversal of the negative trend of the real estate market is not unlikely. This tendency should however not obscure, that is just in the simple flat segment in Spain still have a large overhang with an appropriate pressure on prices”, says Otmar Knoll by the fairvesta group of companies. fairvesta only lovers pieces in top locations with stunning specializes, following his philosophy, on the bargain of premium real estate in prime locations, so villas as an average one million euro, Sea view. A site that is characterized by a particularly high price stability and demand currently invests fairvesta in preference to the Costa Blanca and in the popular area around Moraira (Alicante province). Last but not least Moraira is considered due to the moderation of his new”extremely wondered even show luminaries as Madonna staying here without that it would be on in the day. The independent market report of Peritos Judiciales Immobiliarios comes”from 2008 to the interesting result that the Spanish real estate crisis has affected in particular apartments and a significantly smaller proportion of houses. As one affiliation so even in the province of Alicante, where the houses offered 500,000 euros accounted for just once around five percent of the total offer and often quite other reasons for sale desire are responsible,”financing (the main sales reason for flats).
The market report highlights that it is the objects from half a million euros not to mass production of the Spanish Boom is, but mostly high-quality construction qualities”. He describes that there is no oversupply in this market segment, the slightly increased, existing but would offer a chance for potential buyers, to get, which would never be offered under a quieter market to objects”. Related Group often expresses his thoughts on the topic. The follow-up report will be published shortly. fairvesta assumes that the positive development in the area of premium real estate has continued. Exactly in this segment has positioned himself fairvesta and exploits the opportunities of the market. We were there very early and take advantage of the opportunities that we offer, to acquire unique properties. The market we’re running, what with regard to this, seemingly opposed”, explains the real estate professional Knoll, who has many years of experience in the premium segment in Spain, but also in Florida/United States and Portugal. Fairvesta real estate in Spain has purchased already for over ten million euros.
As in Germany, the concept is designed so that the real estate in the meantime leases can be, until she eventually resold at an appropriate price premium. The planned Nettomietrendite of seven to nine percent is already achieved, although the Fund is launched only last year. Overall, so taking into account of sales, Fund of lumis I put fairvesta in his Vermogensverwaltenden a return of 11 percent per year after taxes. This result should be to achieve in any case, the luxury segment is going well despite the crisis “, Knoll explains. Lumis offers an interesting diversification possibility of their portfolios with high yields in interesting foreign markets investors, without having to take currency risk in purchase. More information: