Assetz^® News » HOME | FEED | LIST ALL ARTICLES | ASSETZ HOMEPAGE

Assetz^® Property News Service

Spanish property market remains robust

---

Property investment in Spain has often been overshadowed in recent years by stories of potential growth in Europe's emerging markets.

For those in the know, however, Spain has rarely been out of mind, with conditions remaining excellent for capital gains and demand from locals and foreigners alike extremely high.

As reported today by Expatica, the desire to own property is still strong among Spaniards, even after interest rates were increased.

Mortgage loans increased by 37.7 per cent in January when compared with 12 months earlier, reflecting much higher confidence and a growing trend of homeownership in the country in general.

Expatica reports that the Bank of Spain has criticised the European Central Bank for the current rate saying that it is "expensive", but it is clear that families are willing to go through with property transactions all the same.

Demand from foreign investors is always likely to remain high and this has played a significant role in sustaining almost unrivalled house price growth over the last couple of decades.

Because of Spain's thriving reputation for sports and golf in particular, many choose to purchase holiday homes around developing golf resorts, with many intending to rent their properties out to holidaymakers who head back to the lush fairways and immaculate greens every year.

Of course, it is rare to discuss Spain's allure without mentioning its beautiful beaches and property investors have also been boosted on this front.

Over the years, many people have been tempted to construct buildings by Spain's celebrated beaches without having any kind of exit strategy or a real purpose for the property. It is an unfortunate trend that has left numerous dilapidated buildings blighting the stunning scenery of the coastal areas.

As reported recently by Expatica, however, this is being tackled with the decision to allow the Spanish authorities to demolish structures along the country's coasts, with 63 already torn down.

Adding investment appeal to the areas, it is hoped this will lead to renewed enthusiasm from those who have been put off by the accumulation of functionless bars, homes, walls and industrial buildings.

Almeria has seen much of the action, but nine structures have also been pulled down in Murcia, where investors have already been making significant gains in recent years.

Based on the Mediterranean coast of Costa Calida, Murcia is only 40 minutes from Alicante airport, while it is thought it will receive one of its own by the end of the year, providing yet another incentive to invest.

---

Accessing the news service

You can view all of the Assetz® UK, International and UK Property Investment Articles and News here.

We also provide an Feed of the news service, or you can view all articles. Click here to view more information on RSS readers and how they make reading online news more convenient.

Terms of content usage:
XML and other types of publication of this article title and the URL of this page are permitted using the RSS feed or other methods.
Article content strictly prohibited from duplication on any other site directly other than first paragraph included in the XML feed.

Copyright © 2001-2008 Assetz® News Limited. All Rights Reserved | Company Information | Assetz® Homepage
Assetz House, Newby Road, Hazel Grove, Stockport, Cheshire, SK7 5DA
TEL (UK): 0161 456 4000 FAX: 0161 482 7588
TEL (International): +44 161 456 4000 FAX: +44 161 482 7588