Guaranteed Rental | Spanish real estate becomes more attractive to UK investors
http://bit.ly/PYzDBZ
The price decreases in the Canary and Balearic islands come as good news for property investors. It has been suggested that buyers are becoming increasingly confident with the real estate market in Spain despite the negativity concerning Spain’s economy. According to Clare Nessling, Director of International Mortgage Specialists, Conti, Spain is currently a buyer’s market due to lower housing prices and ‘some very motivated sellers’. Whilst the property market has been a nightmare for Spanish people, Brits who are looking to purchase a holiday home or investment property in Spain now have the perfect chance to do so with the poor British summer having us all dreaming of the sunshine overseas. Enquiries from overseas property hunters to Spain are said to have risen by as much as 33 percent. Nessling added: “Bargain prices and the opportunity to negotiate these down even further with some very motivated sellers mean that it’s most certainly a buyer’s market. “In addition, despite the ongoing eurozone crisis, the growing strength of the pound, which has been rising against the euro to levels not seen for around four years, is boosting the budgets of British buyers. “These factors, together with historically low interest rates, are making it more affordable to buy in Spain right now. And signs that the market is improving are starting to lift the confidence of prospective buyers.”
http://bit.ly/PYzDBZ
The price decreases in the Canary and Balearic islands come as good news for property investors. It has been suggested that buyers are becoming increasingly confident with the real estate market in Spain despite the negativity concerning Spain’s economy. According to Clare Nessling, Director of International Mortgage Specialists, Conti, Spain is currently a buyer’s market due to lower housing prices and ‘some very motivated sellers’. Whilst the property market has been a nightmare for Spanish people, Brits who are looking to purchase a holiday home or investment property in Spain now have the perfect chance to do so with the poor British summer having us all dreaming of the sunshine overseas. Enquiries from overseas property hunters to Spain are said to have risen by as much as 33 percent. Nessling added: “Bargain prices and the opportunity to negotiate these down even further with some very motivated sellers mean that it’s most certainly a buyer’s market. “In addition, despite the ongoing eurozone crisis, the growing strength of the pound, which has been rising against the euro to levels not seen for around four years, is boosting the budgets of British buyers. “These factors, together with historically low interest rates, are making it more affordable to buy in Spain right now. And signs that the market is improving are starting to lift the confidence of prospective buyers.”
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