Mediterranean Investors Set For Possible Windfall

Mediterranean investors set for possible windfall

Article Date : 19 February 2008
News Section: Spain

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.

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Article created on behalf of Propertyshowrooms.com News Desk (http://www.propertyshowrooms.com/news/)

Mediterranean investors set for possible windfall

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