Spain's best 'to see demand surge'

Demand for top-of-the-range properties in Spain could be set to rise, it has been predicted.

Spanish Property Owners Guild (SPOG) spokesman Paul Bradley said that some sectors of the industry are not likely to recover, such as the off-plan sector where some properties are not completed and are "unlikely to be".

However, he said, the top-end market is seeing completions and is now "at the bottom", offering opportunities for buyers.

"I forecast that demand for these will slowly increase as the market comes back in the UK," Mr Bradley added.

In the meantime, off-plan speculators will be absent from the scene for "many a year", he suggested.

The prospect of a rise in buying in the sector could encourage those thinking of investing in Spanish property.

Figures produced earlier this month by Currency Index have shown that bargain hunters in the country could be able to pick up a home in the Costas for 30 per cent less than a year ago.

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