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Engel & Völkers Licence Partner Spain > Blog > Engel & Völkers signs a new franchise in Santiago de Compostela

Engel & Völkers signs a new franchise in Santiago de Compostela

At Engel & Völkers we are very pleased to announce that last Friday, May 5th, 2017, a contract was signed for the concession of a real estate license for the opening of a franchise in Santiago de Compostela. The name of our new licensee is Javier Corcoba, a professional with over 22 years of experience in management and leader of human resources teams in large national and international companies. From here we want to express our sincere congratulations.

The event was attended by Meri Blanco, COO of Engel & Völkers in Spain, Andorra and Portugal as well as Constanza Maya, director of the company's franchise department, and Nicole Berger, the regional manager. All of them are convinced that Javier Corcoba, technical architect by the University of A Coruña and graduated in the Program of Top Management of Companies in IESE, is the best person to undertake this new business venture and to reap countless successes.

The mission of our new licensee will be to take advantage of the opportunity that Santiago de Compostela has been offering in recent times. According to data provided by the Ministry of Development (Ministerio de Fomento) in 2015, in the area that the new license was granted to this prestigious entrepreneur, the total property purchases were worth more than 190 million euros. This is a figure that quickly brings to mind the myriad of business opportunities offered by this region.

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In addition, the city also encompasses the most 'premium' homes in the entire area. In fact, it is only closely followed by the towns of Arnes and Teo. The licensee will also have the opportunity to work in several coastal areas such as Ribeira, Noia, Pobra do Caramiñal, Negreira, Ordes and Santa Comba. All of these locations are experiencing strong growth in this type of real estate sector.

But it's not just Santiago de Compostela that offers 'premium' homes within the centre of the city and in the towns we have discussed. There is also Ruta Jacobea that has a potential in the rental sector. The same can be said about Parlamento de la Xunta de Galicia as its activity also favours the growth of this modality. Added to this is the possibility of selling restored rural homes and traditional fincas.

In short, at Engel & Völkers real estate agency, we are in luck. With the opening of this new franchise in Santiago de Compostela, we hope to offer a better service to our customers and continue the path of growth that we have been experiencing in Spain during the last few years.

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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.