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Malaga 'remains popular with UK investors'

Article Date : Tuesday, September 11, 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 province of Malaga has been described as one of the most popular areas among British investors.

Kyero.com said the region was the most expensive investment hotspot in Spain, as people were continuing to invest there despite higher than average prices.

A typical property in Malaga was said to be 26 per cent more expensive than the national average, costing about 210,997 GBP.

By contrast, the average price on a national level is 68,112 GBP, the website stated.

However, numerous bargains were highlighted, although most of these were said to be away from the coast and in inland areas.

For example, Kyero.com said that Cordoba, Albacete and Jaen offered cheaper than average housing, along with the island of Fuerteventura.

The latter destination was said to have seen so much demand from foreign buyers that its population had doubled since 1998.

Despite this, the average property price is still below that national average at 155,860 GBP.

This follows a recent study by Halifax which found that since 2002, the average price of property in Spain has increased by 100 per cent.
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