Press Release Summary: Every so often a somewhat radical thought is raised about property investment. It may be the idea of a new from of property market, as the buy-to-let market has become in the last decade. It could be the pursuit of new, emerging markets instead of traditional ones.
Press Release Body: Every so often a somewhat radical thought is raised about property investment. It may be the idea of a new from of property market, as the buy-to-let market has become in the last decade. It could be the pursuit of new, emerging markets instead of traditional ones.
Here could be another one. Many of those buying property in Spain are not in it purely to make money.
Those who focus only on the potential returns of any particular market may have adopted an increasingly negative approach to the country, owing to the end of the recent property boom and the general sharing in the widespread slowdown caused by the credit crunch. But according to James Dearsley, European sales director for overseas property firm Atlas International, a completely money-led approach is not true of the majority who buy investment property in Spain.
He stated: \"There was research done last year which said even in a bad year Spain increased seven per cent in its property prices, so you\'re still going to make money in Spain, perhaps not as much as you were before, but most people see it as a useable investment as opposed to a financial investment.\"
Therefore, it seems, the attractions of being able to make use of the property themselves clearly appeals to many investors, who could perhaps make more money from less attractive locations elsewhere, but have more than one motivation in mind. It may be \"peculiar\" and \"different\", Mr Dearsley said, but then perhaps that is its strength.
Of course, it is a given that the European housing market has seen a downturn, with some locations affected worse than others for a multitude of reasons. However, the drops are not as large as are being suggested in some quarters, according to Linda Travella, a spokesperson for the National Association of Estate Agents International. She told Homes Worldwide: \"For example, in Spain whilst there is plenty of property for sale, sellers are asking more realistic prices without suggesting any significant drop in value.\"
Such prices could, of course, be very tempting for investors. Even if the market does not rebound in the near future, they will be able to use such properties themselves, rent them out to tourists (if they are in the right location) and, by adopting the advice of property experts, commit themselves to a long-term investment that offers a better prospect of gains over an extended duration as the market eventually comes back into a more favourable phase of the cycle.
All of which may be not so radical a thought at all.
In today\'s world Property investment is an excellent investment option especially investment in UK
2012
