Property & Email Marketing: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?


Spanish market 'to bottom out'

Date : (News Section: Spain)

Spanish market 'to bottom out'

The Spanish property market could be set to bottom out soon, it has been suggested.

Overseas Property Professional News said such a situation is possible as discounts could help attract more buyers.

It stated that the number of new homes being built in Spain fell 58 per cent last year and is expected to be lower still in 2009, while there remains demand for 400,000 new units a year.

The magazine argued that this could mean "all but the worst unsold stock" being snapped up.

Marbella-based agent Chris Clover told the publication there will be a "total recovery happening within three to four years".

Sales and marketing director for Taylor Woodrow Espana Victor Sague predicted that Marbella and parts of the Balearics Islands would be among those seeing the recovery first.

Earlier this month there was good news for Britons buying property in Spain after a court ruled that higher capital gains tax charges being levied on non-Spaniards breached European discrimination law.

This means that Britons can no longer be charged the tax at 35 per cent if they sell on a property while Spaniards are charged 15 per cent.


Article by +Steve Binge on behalf of

Read More

  1. 18 September 2014 - Greenpeace Lose Fight to Demolish ‘Hotel Illegal’ Algarrobo
  2. 11 September 2014 - French Buyers Swamp Spain in Property Bargain Hunt
  3. 09 September 2014 - Rising Like a Phoenix from the Ashes
  4. 03 September 2014 - Visitors Flock to Spain in Bumper Year for Tourism
  5. 26 August 2014 - Bumper Year for Tourism Boosts Hotel Investment Sector

Let us search for you Let Us find Property in Spain for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Spain.

SubscribeGet Email Updates!


* We value your privacy and will never share your email address with anyone else.

Trade Stocks
Distressed Property in Denia Featured Property
Denia (Alicante)
House/Villa - 2-Bed, 2-Bath
€398,000 - Find out more »

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Spain
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo