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Spain is still a 'strong market for British investors'

Article Date : Friday, May 25, 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

Despite a slight loss in confidence regarding the property market in Spain, the expatriate lifestyle continues to be a "strong" attraction for Brits looking to buy property abroad, one company has said.

According to Spanishpropertyinsight.com, although investors are cautious, there is a strong demand in the UK for Spanish culture, its climate and "glamorous" lifestyle.

He said that investors will now benefit from "better controlled" planning permission and development regulation.

However, anyone looking to buy property in Spain should always research the area and employ a professional third party to oversee technicalities.

Mark Stucklin, a spokesman for the website, said: "Officials and developers are scared of putting a foot wrong now. But, you still have to do your searches and your research and not take any chances.

"Use an independent lawyer because you can still make serious mistakes."

Matt Glazier, international development manager at Foxtons International, recently said that a shake-up in the Spanish property market is "not a bad thing" and is likely to have a long-term positive impact.
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