Spanish Property Problems Not Affecting Whole Country

Spanish property problems not affecting whole country

Article Date : 31 March 2008
News Section: Spain

Problems in the Spanish property market are not affecting the whole country, a media outlet has insisted.

According to the Daily Mail, some parts of Spain are currently dealing with a drop in demand from foreign property buyers, while the credit crunch is slowing down the overall rate of house price inflation.

However, the publication said that this is not a uniform trend and that some areas still offer bargains and potential investment opportunities.

This point of view was reiterated by Liam Bailey of Knight Frank, who told the newspaper that house prices went up by varying amounts across the country last year.

He commented: "Madrid saw rates below two per cent, but this contrasts sharply with 8.1 per cent growth in Murcia."

The Daily Mail added that lifestyle buyers do not need to worry about market performance and can purchase when and wherever they wish.

According to A Place in the Sun magazine, Spain is currently the most popular location among overseas property buyers in the UK.

Like this? Then share with your friends and colleagues!

Article created on behalf of Propertyshowrooms.com News Desk (http://www.propertyshowrooms.com/news/)

Spanish property problems not affecting whole country

Like this? Then share with your friends and colleagues!

Related Articles

Let Us find Property in Spain for You

Subscribe to This Feed

Property News in Spain

Property News Search

News Archives