Prime Spanish property 'still attracting investors'

Property transactions in the prime sector of Spain's real estate market are holding up well, according to one local expert.

Michael Corry Reid, who works in the Marbella office of Aylesford estate agency, commented: "Despite the uncertainty in Spain, the top end market is holding up well." He added that the majority of buyers are coming from other European nations.

The firm highlighted some of Marbella's most exclusive properties as being particularly sought after.

Among the attractions of owning a residence in the Spanish destination are its golf facilities, marina, restaurants and luxury shops.

Meanwhile, Sotheby's International Realty recently cited seaside homes in Mallorca as one of the top options for wealthy investors.

The organisation noted that there is a large discrepancy between prices in waterfront locations and those situated further inland, because the lifestyle many people visiting Mallorca seek is very closely linked to its beaches and water sports facilities.
 

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