Spain's GDP on the up

Spain has started on the road to economic recovery, with the nation's gross domestic product (GDP) rising 0.2 per cent in the second quarter of 2010, which is good news for anyone hoping to find a home in Murcia.

The latest figures confirmed provisional data from the National Statistics Institute released earlier this month and mark the nation's second quarter of growth following a 0.1 per cent increase in GDP in the first three months of the year.

According to government predictions, the Spanish economy will contract by 0.3 per cent over the course of 2010, but expand by 1.3 per cent during 2011.

However, Spain's economic issues have done little to dampen investors' enthusiasm for property in the nation.

Les Calvert, director of Property Abroad, recently stated that there are many investment opportunities in the country, especially as there are a lot of repossessed and distressed properties on the market currently.
 

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