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Foreign buyers of second homes expected to overtake Spanish buyers by 2008

Article Date : Tuesday, October 25, 2005       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 number of foreigners buying second homes in Spain is expected to overtake the number of Spanish buyers by 2008 according to Luis Perales Asesores. They forecast 116,000 holiday home sales in Spanish coastal regions during 2004, of which 60,000 will be bought by Spaniards and 56,000 by foreigners. By 2008 they expect the number of holiday homes sold to have risen to 148,000 of which 72,000 will be sold to local buyers and 76,000 to foreigners.
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