Wed, 23 Jan 08
With so much talk of late of the credit crunch, a market correction and the demolition of illegally-built properties, the picture painted of
Yet despite this, Assetz argues that the country is still popular, with plenty of places being talked of as good locations to buy property. Writing in the Times this week, Mark Stuckin of Spanishpropertyinsight.com mentioned a number of locations which were well worth a look from investors in 2008.
For one thing, he suggested, those who were keen on a bargain could cash in on areas with oversupply, such as some of the coastal areas which have seen a high level of building in recent years and consequently now have very affordable prices.
He cited an example quoted by Andrew Lupton, of Stacks Relocation Spain, where a four-bedroom villa with a pool and 800 sq m of grounds would now cost £300,000, down £80,000 on 12 months ago. Bargains like this exist both on the coast and further inland, stated Mr Stucklin, with those investors who are keen to sell as prices fall offering opportunities for investors.
Yet the possibilities are far from confined to those taking advantage of fire sales, it would seem. The buy-to-let industry in a tourist area is always likely to be boosted by increases in tourist numbers and one piece of research has suggested
Exceltur, the holiday industry group, were reported by Reuters to be tipping the number of visitors to the country to exceed last year's 59.7 million, topping the 60 million mark. Jose Luis Zoreda, Exceltur executive vice president, told the news agency: "For 2008, we expect 60.7 million tourists in
This, suggests homesworldwide.co.uk, offers a possible major boost to the buy-to-let sector, not least if the trend continues for 70 per cent of them to head for popular coastal resorts. Moreover, this predicted rise comes on top of an actual 2.2 per cent increase in 2007, which may suggest a long-term trend for rising tourist numbers has established itself.
For all the flak it has faced,
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