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Negative speculations 'have ended in Spain'

Article Date : Tuesday, May 29, 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 industry is starting a new cycle with stable high prices that will grow steadily, according to a spokesman for Property Secrets.

Daniel R Talavera, editorial manager at the research firm, said that British investors are wary of buying in Spain because they prefer to find new markets that are going to give better returns over the short and medium terms.

However, he pointed out that negative speculations in Spain ? the consequence of a growing market ? have come to an end due to the maturity of the investments.

"As good investors, Britons make sure that the returns are as good as possible with any investment. The Spanish market is not the same as it used to be," he stated.

He went on to say that the number of Britons emigrating to Spain and buying a home there is increasing.

Last week, Equity Property Portfolios said that investors worried about overdevelopment and oversupply in Spain should look at Costa Calida in Murcia, which is witnessing strong capital growth.

Andrew Ward, managing director of the investment property firm, said that "areas like the Murcia region are still experiencing good capital growth and there are still plenty of buyers".

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