(What is this?)
Home > Spain > Property > News : Mediterranean investors set for possible windfall
Not registered?  Join IPIN now FREE   |  Forgot password?

Mediterranean investors set for possible windfall

Article Date : Tuesday, February 19, 2008       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

Owners of property along the Mediterranean coast could be set to see significant capital growth, according to specialists.

The Foreign Property Buyer website stated that several countries have recently pledged to restrict the rate of building in the area.

Specifically, the guidelines prohibit developers from creating new structures less than 100 metres from the area.

The online portal has stated that while this is likely to be good for the local environment and its overall beauty, it could also be highly lucrative for those who have a house behind the lines.

Foreign Property Buyer commented: "The new legislation will be good news for investors who already own property inside of the 100 metre area."

The website predicted that demand for coastal accommodation would begin to exceed the level of supply, pushing up prices as a result.

According to Holiday-Rentals, countries on the Mediterranean coast such as Spain are still the most popular destinations in which to buy a foreign property.

The country accounts for nearly one in three British-owned overseas residences in Europe.
Listing Separator

Related Articles

  1. Spanish construction output suffers biggest fall in the EU
  2. Rental Demand Soars on Lanzarote
  3. Spanish property prices rise 2% in a year, but fall in the latest quarter
  4. Spanish reality to be found inland, says expert
  5. Spanish developer files for protection, cites “radical stagnation” in property market



Listing Separator

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.
Let us searchHelp me find property in Spain


Subscribe to This Feed

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

More RSS FeedsGo

View News by ChannelView News by Channel

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

Media/Press SectionMedia/Press Section

Are you a Press or Media professional? We have access to a wide and varied collection of data and statistics which may be of interest to you.

Journalists click hereGo

View News by ChannelSee Your News Here

Submit your news feed for spidering by our news robot. Simply enter the url of your RSS feed in the text box below and click the submit button

Submit Your RSS FeedGo