Spain is a "long-term" investment choice

Article Date : 20 July 2007

Despite rumours about Spain's property market, it is still a top choice for investors in property, according to an international expert.

Simon Ryeland, director of Principal International, said that his company had "no fears" about the market collapsing, as had been predicted in the press.

"Some would say a correction in the market is long overdue but all that's really happening is a stabilising of the property market making prices attractive to long-term investors," he explained.

He went on to say that he had "no doubt" that Spain would maintain its position as a "top long-term investment destination" for Brits.

The country's popularity as a holiday destination was supported by its beautiful environment, making it a lucrative opportunity for holiday homes, he said.

Spain's beaches received more than 500 Blue Flags for excellence of facility this year.

Recent research by GE Money Home Lending revealed that the main factor that put British people off buying a property in Spain was that there were too many Brits there already.

Spokesperson Gerry Bell said that increasingly people were more interested in locations that had an individual feel and not a traditional expat community.

Spain is a "long-term" investment choice

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