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Spanish property market is "very well"

Article Date : Tuesday, May 08, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The Spanish property market is "going very well", despite anxieties that prices are undergoing a correction after a period of over-investment, an expert has said.

In fact, changes in the market are "not a bad thing" and "might just shake things up a bit" for the better, said Matt Glazier, the international development manager at Foxtons International.

Furthermore, he believes that the Spanish market is set to benefit from continued investment in infrastructure.

"The country is still developing new airports all along the coast, so that's going to increase the accessibility," Mr Glazier continued.

"It's always been an established tourist base for many years now, whereas some of the eastern European countries are trying to catch up."

Last month, Stuart Law, managing director of Assetz, said that a property price correction in Spain will lead to a healthier housing market and steady growth in the long-term.

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