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Spain full of great opportunities, Brits told

Article Date : Tuesday, May 15, 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 stable, despite a recent downturn in values, according to the Federation of Overseas Property Developers, Agents and Consultants (Fopdac).

Steve Emmett, chairman of the federation, said that there are still a number of excellent opportunities to buy property at reasonable prices with the prospect of long-term prices rises.

He said that interested parties must seek an agency with a good reputation and a financial services company to guide them through the process, reports City Wire.

Martin Cox, from Global Currency Exchange Network, a member of Fopdac, said: "The savvy UK buyer is diverting his attention to more inland areas of Spain where cheaper land prices potentially mean more value for money."

Commenting on concerns about the correction of property prices in Spain, he said that the seasoned buyer always treats a property "as a mid to long-term investment rather than a chance of a quick buck".

The Global Currency Exchange Network recently said that established investment areas such as Spain offered stability, "borne out by years of interest from the British buyer".
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