Thu, 29 Nov 07
After all the headlines about a possible collapse of the Spanish property market, a rather different reality has emerged. Where there was supposed to be decline and crash, a much more gentle slowdown has taken place...
Evidence of this was provided recently by Spanish Property Insight's report on the market at the end of the third quarter of 2007. It stated that the annualised growth was running at the equivalent of 5.3 per cent during this quarter, compared with 5.8 per cent in the second quarter of the year.
This gentle slowdown certainly does not appear to have put off companies involved in the Spanish property industry.
Ian Andrews, the national intermediary sales manager for the Spanish operation, said: "There is growing demand for this service amongst the broker community," adding: "The number of people buying abroad has risen more than 60 per cent since the year 2000."
While there is, therefore, clearly a sign that
Spanish Property Insight picked out
Commenting on the possibilities afforded by
He added that there were many reasons for this development, not least the forthcoming replacement of the current airport, a converted military base, with the new San Javier airport in 2010.
"In terms of investment potential, the airport will make it a lot more viable for people and as there are a lot of golf courses around that area, from a rental point of view investment becomes a lot more attractive for most buyers," Mr Dearsley stated.
So attractive, in fact, that Mr Dearsley gave it his personal recommendation: "If I was looking to buy tomorrow I'd be looking at Murcia, no doubt," he said, adding that anyone building today would have a couple of years to plan before the new airport arrived, making it a "superb opportunity for most people".
The reasoning behind the brokers requesting the new
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