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Engel & Völkers Licence Partner Spain > Blog > Engel & Völkers signs 5 new franchises

Engel & Völkers signs 5 new franchises

On behalf of Engel & Völkers, we are very pleased to announce that on August 25th, 2017, the contract for the concession of 5 real estate licenses was signed for the opening of Engel & Völkers' new franchises in southern and central Spain. These were specifically in the regions of: Torremolinos, Benalmádena, Fuengirola, Granada and Alcalá de Henares.

We wish to welcome Messrs. José Luis Martínez and brothers, businessmen, and professionals to the family of Engel & Völkers as they have a vast experience in different sectors including real estate and construction. We also wish to thank them for their confidence in our business project.
The event was attended by Joan-Galo Macià, CEO of Engel & Völkers in Spain, Portugal and Andorra; Constanza Maya, Engel & Völkers' head of expansion and support, and Isabel Hernández, regional manager.

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These 5 licenses, which focus on both the Costa del Sol and in the Madrid area of ​​Alcalá de Henares, are located in regions that are experiencing growth, both among foreign tourists and Spanish families who are considering buying a second home to enjoy on their holidays.
Alcalá de Henares is very attractive and has a population of about 200,000 inhabitants. It is located just over half an hour away from Madrid. One of its most important areas is called, Corredor de Henares, which is an important industrial and residential hub on the banks of Henares River and strategically located between the Northeastern motorway and the railway line. It also boasts a network of inter-city buses and metro stations that connect to the towns of Corredor del Henares as well as Madrid.

As for the areas that are located in the heart of Costa del Sol, they certainly have great potential and appeal. There are many reasons that suggest the real estate market in this area is on rebound. The evidence that supports this claim can be seen through the increase in the number of new build projects, the constant increase in property sales as well as the prices of these properties.
Both the residential and tourism sectors offer very good prospects for growth. According to the Madrid Real Estate Exhibition 2017, this trend has been increasing in coastal areas, especially in Costa del Sol, due to the high interest generated by visitors. The rest of tourist and residential areas in coastal resorts are also expected to experience growth.

The pleasant climate, abundant natural landscapes, and good connections, both by train and plane, easily attract the interest of both Spanish and foreign tourists.

But this growth has nothing to do with the one experienced during the "real estate boom" years as newly built properties are now better quality, thus making real estate investment much more attractive. Heavy investments have been made in this area, but property sellers are fully aware that customers' needs have changed and are now much more demanding with the homes they are looking for.
According to data from 2016 Fomento, the number of building permits just in Costa del Sol alone shows a potential real estate market of more than 700 million euros.

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Property on offer in Spain

In recent years, the Spanish property market has become a sector particularly valued by international investors, and it's no surprise. Between 2009 and 2014, property prices in Spain underwent notable changes, and as a result properties are currently being sold at very competitive prices. This situation applies to houses both for sale and to let, as well as to more luxurious properties, making Spain a practically unique case in Europe. The best investment possibilities can be found in Spain's high-end properties.

The high-end sector is the most interesting to the international investor. Many people the world over consider property in Spain, especially in the larger cities, to be some of the best patrimonial assets in Europe (a good example would be a luxury attic in Madrid or Barcelona). And as for the exclusively residential market, those who wish to have a second home in Spain, or buy a main house can also benefit from this situation. Logically, all of these benefits also reach the proprietors who wish to sell their houses.

Living and working in Spain

The quality of life enjoyed in Spain is the result of a unique combination of climatic, geographic, and of course, human factors. Living in Spain is an option that is contemplated by more foreigners every day, and buying a house is the first step towards that. Acclimatisation tends to be fast, and those who move in with the objective of developing business ventures can also count on easier administration when buying a house. Spain's high quality property market paves the way forward.

The type of property which one moves into in Spain will obviously depend on the newcomer's aspirations. Those who head to Spain, whether to live or to work, can enjoy the wonderful surroundings, either in an apartment with a view (of the beach, mountains or the city) or in a house right on the coast. For more information, it can be very useful to seek the advice of an estate agent in Spain, who will analyse the most interesting offers based on the prospective buyer's criteria.

Selling your house in Spain

Selling your house is another option for foreigners who live in Spain. Whether you are coming to the end of your stay in Spain or you just want to get rid of one asset in particular, the services of a reliable and trustworthy Spanish estate agent are essential. These professionals will examine the qualities of the villas in Spain that they want to commercialise, reaching the most advantageous sales agreements possible and getting the luxury properties in question on the market. Little wonder: if anything indicates the current context of the market it's that the role of the agent is basically to close a good sales agreement.

How to arrive in and travel through Spain

Alongside the properties that Spain has available, the country also offers areas of great patrimonial and natural interest. It's worth highlighting the excellent connections by land, sea and air to all the European capitals such as London, Paris, Berlin, Rome, Brussels, and Geneva, and many other European cities are less than a three-hour journey from the main Spanish airports. Those who travel to Spain have airports at their disposal not only in the main cities but also in the majority of the provinces. Another alternative to get around the country is via the complete train network that, on a smaller scale, consists of commuter trains to the inland regions, creating easy access to almost any town and property in Spain.