Distressed property in Spain offers opportunities for investors

Businesses looking for opportunities in foreign property markets have been told that Spain is a favourable destination at present.

Indeed, Les Calvert, director at Property-Abroad.com, has revealed that the European destination is popular choice for commercial investors.

The large volume of distressed property on the market means that there is the opportunity to make big savings.

According to data from The Spain Property Registry, the volume of Spanish property sold increased by 13 per cent year-on-year between July and September 2010.

Mr Calvert's comments follow a report last month from the Worldwide Property Group which suggested that 58 per cent of people are thinking about buying property abroad.

These potential investors listed Spain as one of the most desired locations for their future assets, as well as neighbouring countries Portugal and France.

Meanwhile, Primelocation International recently reported that searches for real estate in Spain increased by 43 per cent over the last year, indicating that a number of people are considering the country.

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