Property price reductions drawing investors to Spain
Reductions in asking prices of up to 30 per cent in popular regions of Spain mean that demand for property in the country is likely to dramatically increase.
This is according to Taylor Wimpey Espana, which noted that the real estate market in Spain is gradually starting to recover, especially in southern regions.
Already a popular tourist destination, the Costa del Sol has experienced a sharp upturn in the number of investors looking to take advantage of its favourable climate and ready-built infrastructure.
The firm stated that it has seen the number of enquiries made by foreign buyers on the Costa del Sol so far this year rise 43 per cent.
According to a report published by the Ministry of Development, 6,457 transactions were made in the province of Malaga at the end of 2010, of which 905 transactions were made from buyers outside of Spain.
Meanwhile, the housebuilder recently claimed that Spain remains a popular retirement destination for Brits, with almost a fifth of all their buyers choosing the European nation as the place to live out their retirement.
More source:
Price Reductions Drawing Investors To Spain - Property ShowroomsTenerife Property
Scandinavian buyers drawn by Spain's property prices | Property ...
Spain: Spanish Property market, Desperately fishing buyers and ...
Random News
- Now Online | T Design Spring 2012
- Investment and vacation home sales soar in 2011
- 9 ways to attend college for free
- Jennifer Aniston Buys NYC Gramercy Park Apartment
- U.S. Mortgage, Credit Card Delinquencies Forecast to Decline in 2012: TransUnion
- Flood of foreclosures to hit the housing market
- Home Owners See Big Value in Remodeling
- Retirement perk may be on the rebound
- 10 Trends in U.S. Housing in 2011 and What to Look for in 2012
- How to Add Drama to your Bathroom with a Freestanding Bathtub
Submited at Sunday, May 8th, 2011 at 1:03 am on News by alliana
Comment RSS 2.0 - leave a comment - trackback