Home > Spain > Property > News : Eurozone property markets boosted by falling value of the euro
SubscribeSubscribe to the Property Bulletin
   
 
Secure Exit Strategy


Eurozone property markets boosted by falling value of the euro

Article Date : 17 February 2010       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

Eurozone property markets boosted by falling value of the euro

The current strength of the euro is having big implications on the property markets in eurozone countries such as Spain, it has been reported.

According to an article in British newspaper the Daily Telegraph, the recent fall in strength of the euro has led to an increasing amount of Brits looking to purchase overseas property.

The slight strengthening of the GBP combined with low mortgage rates and falling house prices on the Continent is seen as an attractive proposition by many.

Claire Nessling, operations director at Conti Financial Services, told the news provider that it had seen an increase in the number of individuals looking for foreign mortgages.

She explained: "[Investors] are already looking to capitalise on low interest rates overseas and cheaper house prices and that is the driving force.

"If the euro dips a bit that will only encourage them more."

The latest Post Office Holiday Money Report said that Spain is the cheapest destination for Brits to visit in the eurozone.

Tags: Post Office, Spain, The Daily Telegraph
Listing Separator

Related Articles

  1. Retirees looking abroad for new experiences
  2. Spain's GDP on the up
  3. Established countries dominate property searches
  4. Spanish property 'has reached lowest price of the recession'
  5. Over half of Brits 'to retire abroad'



Let us search for you Let Us find Property in Spain for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Spain.


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Spain
Channel: All

More RSS FeedsGo

Personal Property Finder
Distressed Sales

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo