2005 is looking like being a very busy year for the Spanish Property market.

Article Date : Sunday, April 10, 2005

According to a Mintel Survey Spain scored highest marks throughout. The Spanish property market accounted for 41% of overseas property purchases by Britons and also predicts that the UK-Spanish Property Market will DOUBLE in the next 5 years, with just under a staggering 100,000 British citizens purchasing a home in Spain during this period. This is obviously excellent news for the Real Estate companies in Spain, but its also great news for Property Purchasers for several reasons: 1) For Investors with the insight to buy now, there will be no shortage of people wishing to buy your property, with our Investment Network we offer properties with little money down requirements and as we can get discounts and early entry04 into quality projects for our member investors this means that great financial gains can be made in the next few years. View Investment Property Information 2) As the much sought after Coastal areas become more crowded the cost of property in these areas will rise with demand. 3) Inland areas, starting with those nearest to the coast will start to be developed more to cater for buyers who cannot afford the Coastal Prices, this in turn will increase the value of these properties, for those looking for a tranquil property be sure to ask our experts as there are areas where building has been prohibited so it is possible to protect tranquility. 4) The increased number of British with homes in Spain means that there is more demand and competition for cheap flights to these regions. It also means that with thousands more families moving to Spain there will be a huge increase in the rental market due to visiting family and friends. Also Spain secured its place as the second most popular Tourist destination in the world in 2003 with 52 million tourists and with 60% (and rising year on year) of these visitors staying in rented accommodation this further underlines the security offered by the rental market in Spain, especially the Costa del Sol which claims 64% of Spanish Tourism and the Mediterranean's only 52 week tourist destination. 5) Local infrastructure is constantly improving in many areas to cater for the increase in the British. For those with children this means quality schools and the ability to live a new life in the sun with minimal upheaval. 640,000 new homes were built in Spain during 2004 with a further 2 million within 6 years to cater for demand. In 2003 re-sale property prices rose by 24% and new builds by 18.5% and although there is no guarantee that these figures will remain year on year growth is steady at 10-12% per year.

View Property News by Country

Australia	Brazil	Bulgaria	Cambodia	Canada
Cape Verde	China	Croatia	Cyprus	Dominica
Dubai	Egypt	England	Estonia	France
Greece	Hungary	India	Iraq	Ireland
Italy	Jamaica	Japan	Kazakhstan	Kenya
Malaysia	Montenegro	Morocco	New Zealand	Nicaragua
Panama	Poland	Portugal	Romania	Russia
Saint Vincent and the Grenadines	South Africa	Spain	Sweden	Thailand
Turkey	United Arab Emirates	United Kingdom	USA

2005 is looking like being a very busy year for the Spanish Property market.

Related Articles

View Property News by Country

Let Us find Property in Spain for You

Subscribe to This Feed

View News by Channel

Property News Search

News Archives

Media/Press Section

See Your News Here