Spain Luxury Homes and villas
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The official name of Spain is the Kingdom of Spain. Spain is the second largest country in Western Europe after France and the second most mountainous after Switzerland. The most enduring contribution of Spain to the world is its language, which was imported to the Americas with the expansion of the Spanish Empire in the 16th century. Now, more than 400 million people speak Spanish in 22 countries, including 35 million who speak it in the United States. In 2006, 58 million tourists visited Spain and its islands. Foreign tourists spent $51 billion in 2006. Spain is the second most visited country in the world after France. Spain is home to a type of tailless monkey, the macaque, which is the only type of wild monkey that lives in Europe.
Prime property prices in Madrid increased by 8.1% in 2018 and are now 46% above the low point in 2012, according to the latest industry report.
The residential property market in Spain is seeing continued growth in the first quarter of 2018 as prices increased overall by 3.8% year on year.
Leading Spanish agency, Lucas Fox International Properties, has launched a new Property Lounge in Valencia with top-performing staff.
More than 80% of properties purchased in Marbella are bought by foreigners, according to a new market index.
Mexico’s Carlos Slim is pushing further into investments in Spain, where fellow billionaires George Soros and Bill Gates have also made bets.
Owners of rental properties in southern Spain face new regulations obliging them to register their properties as tourist rentals.