Scorching Spain still hot for investors

26 January 2007

With temperatures in 2006 reaching the highest on record since the 1950’s, areas of Spain maintained a warm 20 degrees for most of the year.

Paul Cooper, Director of Principal International, one of the UK’s leading property investment experts, is quoted as saying “These warm climates continue to entice the overseas investor, they almost guarantee the rental returns from holidaymaking Europeans especially the Brits.”

This keeps investors coming back here year after year despite the lure of Spain’s much talked about Eastern European neighbours.

Development in past years in Spain has very typically been the detached villa style accomodation, mostly for the second home buyer market, but with the demand for more volume, developers have responded to the supply issues and we are now seeing more luxury apartment complexes becoming available confirms Paul Cooper.

This offers more flexibility and appeals to a wider audience. It is inevitable that investors will see this an opportunity and with the prices still remaining lower than in the UK, apartments are expecetd to give one of the best returns on investment.

The shrewd investor is moving away from buying on the costal areas where prices are still achieving a premium and looking for more inland opportunities. The traditional whitewashed Spanish towns are being sought out and the apartments here are proving easier to sell and rent out.

With prices in the UK pushing out the first time buyers, Principal International can offer this section of the market an opportunity to jump on the property ladder. With villas and apartments for sale, the dream of owning property abroad doesn’t have to be that far away, for a selection of properties available see the website for details http://www.principalinternational.co.uk/spain

In addition a number of low cost finance packages are coming onto the market from the trusted high street lenders, and this as well as the recently announced cut in Euro rate mortgages widens the buyers market.