Holiday homes in Spain to be promoted by Development Minister
Holiday homes in Spain to be promoted by Development MinisterFive European countries will be visited by Jose Blanco, Spain’s Development Minister, in an attempt to promote Spanish holiday homes to potential foreign investors.
Many European buyers left the market after 100,000 illegal homes were built during the country’s housing boom. The threat of demolition by regional governments has done little to help the market and it is estimated that around 1 million homes lie unsold in Spain.
The first stop on his tour will be London
on 4 May, to be followed by France
and the Netherlands
. He will also visit Russia
later on in the year.
He hopes to encourage the sale of existing holiday homes by selling the strength of Spain’s economy and the transparency of its housing market.
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15 April 2011 Print this article