Spain tipped for buyer boom

A continuation of Spanish economic woe and recovery elsewhere will see more investors buying into the property market there soon, it has been predicted.

Martin Dell of Kyero.com said that the Spanish labour laws are unfriendly to employers and this is contributing to the high unemployment rate in the country, which he argued is in turn hampering the wider economy.

He suggested that this will push house prices down further, while at the same time other European countries are recovering, leading to a situation whereby more overseas investors will "pounce" on a market full of bargains soon.

Mr Dell stated that this is already apparent at the "top end" of the market in Spain and is gradually working its way down to the "mainstream".

Earlier this week, editor of A Place in the Sun Magazine Richard Way predicted that Spanish properties will continue to be popular with Britons seeking a holiday or retirement home in the near future.

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