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Spain still an "evergreen" market

Article Date : Wednesday, March 14, 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

Spain has a "good, solid, evergreen" property market, despite high prices, the director of property advice site Amberlamb has said.

According to Rhiannon Williamson, because Spain is so easily accessible and has "excellent" fundamentals, such as a stable economy, investors continue to be attracted to the country.

However, she conceded that the large amounts of available rental property and high prices have meant that some investors have become anxious about reduced rental yields.

"The problem with Spain is that it has had its property market boom and prices in the most popular locations are already high," she remarked.

However, buying a well-located property should generate a steady rental income for the savvy investor, she added.

Online firm Spanish Property Insight recently said that Spain is set to become the number one European destination for UK investors.
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