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Spanish property problems not affecting whole country

Article Date : Monday, March 31, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

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.
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