Spain still an investors market

Despite the much publicised negative press about the Spanish property market, and the fall of prices as compared to recent years, Principal International one of the UK’s leading overseas property investment companies says that figures recently released from the Bank of Spain and the Association of Spanish Developers paint a very different picture going forward.

“The market here in Spain is so ripe for investment” quotes Simon Ryeland of Principal International, “the prices are stabilising and there are clearly a huge number of buyers still attracted to its location, the value for money it provides and not forgetting for the UK investors its proximity and accessibility to the UK continues to draw them. Whilst it may not be as cheap to buy here as in other parts of Europe, Spain has a long standing well established diverse property market that will continue to attract buyers from across the globe”.

Much evidence is available to show that where the low cost airlines fly, the investors buy, and Spain has no shortage of low cost carriers to its airports from the UK and other parts of Europe.

With 2.2billion euros being invested in the property market by foreigners in the first half of the year, there are no signs of a downturn yet. Reports show that a staggering 1.6 million properties that have been built throughout Spain in the last 3 years have all been sold.

Principal International are a recognised agent for sales of Polaris World property and also have a number of other luxury apartments and villas for sale across the whole of Spain on both inland and coastal locations. Spain still offers great value for money in a well established market.

Further information can be found here :
Spanish Property News, overseas investment property news