Undaunted by recent data published by the Bank of Spain showing that the number of non-resident house-buyers in Spain fell by 17 percent in the first semester of this year, the international real estate services provider Richard Ellis has just announced the signing of an agreement with Hamptons International. The agreement will enable Richard Ellis to offer Spanish mansions and villas directly to the UK market through Hamptons International.
According to Richard Ellis, the new alliance between these two major real estate companies represents an important added value for Spanish building promotors who work with Richard Ellis, because almost half of all foreign investment in the Spanish housing market comes from British buyers.
The emphasis of the agreement lies with the middle to upper end of the Spanish housing market, such as newly constructed villas or recently-reformed mansions and fincas with special charm.
Major Spanish promoters will now be able to offer their projects to the Spanish and British markets at the same time.
This is the press release as it appears on the website of Hamptons:
Hamptons International and CB Richard Ellis have formed an alliance to market Spanish residential developments. This will combine Hamptons’ experience in marketing overseas property to UK buyers and CB Richard Ellis’ established presence in the country through their offices in Madrid, Barcelona, Valencia, Malaga, Marbella and Palma de Mallorca. The Spanish agreement is a result of the proven success of Hamptons’ joint venture with CB Richard Ellis in the UK.
The Hamptons International and CB Richard Ellis relationship in Spain is part of a new focus for Hamptons’ overseas operations. This will concentrate primarily on new and refurbished residential developments worldwide, as opposed to resales.
The company has an experienced team specialising in residential development and investment in the UK whose resources will be used in international markets.
Hamptons and CB Richard Ellis will work together to choose developments which fall within the middle to upper price range and which offer the buyer a second home with a difference whether this be in design, location or the lifestyle it offers.
Jonathan Seal, CEO Hamptons Residential Development and Investment said: “Spain is a natural progression from our residential development activities in the UK as it continues to be the most popular destination for the British buying second homes abroad whether for holiday homes, retirement or investment. We shall continue to look in other countries for similar strategic alliances where we can work with property professionals that are embedded in the national marketplace and which can offer more diverse and interesting development opportunities to our British target market.