Press Release Summary: The survival of Spain\'s property market against all the supposed odds may turn out to be one of the major stories of the industry in our time. No matter how much it has been predicted that the country will see its market wither and crash, the investment keeps coming.
Press Release Body: The survival of Spain\'s property market against all the supposed odds may turn out to be one of the major stories of the industry in our time. No matter how much it has been predicted that the country will see its market wither and crash, the investment keeps coming.
Not, of course, that the market is currently booming. The slowdown in prices, the failure of some property firms in the country and the acknowledgement that some illegal building (and in the case of some locations a lot of excessive building) have taken place are all testimony to that.
Nonetheless, the popularity of Spain continues to underpin the market despite the doom-mongers\' forecasts, property portal PropertyInSpain.Net has stated. Spokesman Terry Walker said: \"Seventy per cent of all buyers want Spain because it offers that unique mix of accessibility, friendly culture and sunshine, coupled with peer recognition and value for money.\"
Some of this, of course, is down to second home buyers or retirees wanting a place in the sun with easy access to and from Britain via low cost airlines. Department of Communities and Local Government figures for 2005-06 showed that 34 per cent of UK citizens\' second homes were in Spain. Yet Mr Walker was sure that the benefits remain for those investing as well.
He said: \"This is a long established market and as it remains Europe\'s favourite holiday destination, property investors cannot lose out.
\"This, coupled with the strong euro, makes for a healthy return on your money once you have taken the hit in getting out of sterling.\"
Prices also remain comparably low in Spain Property when put alongside those of Britain, despite the recent news from Spanishpropertyinsight.com that the country has seen a 179 per cent rise in house prices in the past decade. As a result, an increasing number of UK first-time buyers have looked to the country as a means of getting on the ladder. Research by the Fair Investment Company just published has shown that 44 per cent of British first-time buyers have considered looking abroad, compared with 25 per cent a year ago, with Spain the most popular destination. If this trend continues those investing in Spanish property could find plenty of demand from new buyers if and when they look to sell a property on.
Spain recently held a general election in which the sitting prime minister, socialist Jose Zapatero, held on to power. With no change in government, there is not likely to be a drastic shift in policies concerning the Spanish property market, although the government may be looking to encourage people to rent rather than buy to ease prices, property portal Kyero.com\'s co-owner Martin Dell told the International Herald Tribune. However, Mr Dell added: \"For property owners who aren\'t in any hurry to buy or sell it\'s business as normal.\"
Indeed, it may just be that Spain turns out to be far more \"business as usual\" than some may have imagined.
In today\'s world Property investment is an excellent investment option especially investment in UK
2012
