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Spain popular despite market slowdown

Article Date : Monday, February 18, 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

A recent drop in the rate of house price growth in Spain is not impacting on its appeal to foreign property investors, an expert has claimed.

Richard Exton from Barclays stated that the European country was continuing to remain a popular option among property buyers from the UK.

However, he told the Sunday Herald that investors were increasingly choosing to look at different parts of Spain instead of the more established markets.

Mr Exton commented: "What we are seeing is a change in the traditional locations - that's why the focus has shifted to quality in regions like Murcia."

He added that this region was popular because it was not as developed as other parts of the country, such as the Costa del Sol.

Furthermore, he said that "discerning" buyers were opting for locations that offered good quality housing, amenities and quality of life.

Monarch Airlines began offering direct passage to Murcia from Manchester Airport earlier this month.

Commenting on the new route, the carrier said it had been "overwhelmed" by how well it had been received.
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