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Spanish property market 'mature and stable'

Article Date : Tuesday, March 13, 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 property market in Spain is still a viable investment prospect and has matured in recent years, according to website BuyAssociation.

Overseas property editor Paul Collins said that although "rampant speculation" in Spain has now subsided, the market is now more mature and stable.

Moreover, he said that activity in Spain is much more like the market in its larger EU neighbour.

"The trends displayed now are much more like the market in France, where prices are still rising, but the market is stable and the buyers are people who want to own and live in France, not people out to make a fast buck."

Mr Collins' comments follow research by ING Real Estate that found real estate has emerged as a widely accepted asset class in many of the mature markets in Europe.

Earlier this month, currency specialist HiFX reported that 55 per cent of all property enquiries from British investors are about Spain and France.
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