'Steady' Spanish market remains popular
'Steady' Spanish market remains popular
Property in
Spain is still popular for those wanting holiday homes, Propertyshowrooms.com said yesterday.
According to the industry expert, despite the lack of potential for short-term investments, Spain's continued popularity for tourists makes it an ideal place for investors looking for a holiday home.
"Spain is a great area, there's nothing that you can't get, there's loads of facilities, loads of amenities – it's great for old and young alike. It will always be a good market, it will always be a safe, secure investment," said Ms Segal.
Countering warnings from the International Monetary Fund that the market may experience a downturn, Nicky Segal, IPIN supervisor at Propertyshowrooms.com, said that Spain has a "steady market"
She added that, just like anywhere else, the country may experience cases of "negative equity", but explained that this could be bypassed by entering the market at the right time.
Figures from the Halifax show that house prices in Spain averaged £150,200 in 2006. They have shown an impressive increase of 100 per cent over the last five years.
This article was brought to you by holidaylettings.co.uk, the UK's No.1 holiday home website.
24 October 2007
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