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Spanish Property Officially Back in Vogue
When a decade-long building binge came to a spectacular end in 2007/8, Spain fell from grace in the eye of the property investor. However a striking u-turn is underway with industry experts now calling the nation a “star market”.
According to a survey by the Urban Land Institute and PwC released in January (Emerging Trends in Real Estate® Europe 2014) the real estate industry is moving into areas that a year ago would have been regarded as ‘no-go’ - Spain being one of them. Of the 500 or more expert individuals questioned, 67% agreed or strongly agreed that there are now good buying opportunities in Spain (http://www.spanishproperty.co.uk/
Chris Mercer, Director of 30-year established Murcia-based estate agents, Mercers, says, “There’s no question that Spain has had a tough post-bubble ride. In many regions, including ours, prices have fallen by half (http://www.spanishproperty.co.uk/
Mercers can certainly corroborate this investor influx with its total sales for 2013 outstripping 2012 by a substantial 60%. The dominant nationality was British making 64% of last year’s purchases. As buyer confidence continues to grow, the Company boldly predicts 2014 sales to eclipse those of 2013 by a further 30%. However, it doesn’t expect any price rises, at least for the first three quarters of the year.
Adding further weight to the “Spain is back” argument, online real estate portal Rightmove (http://www.rightmove.co.uk/
On the market in Murcia:
FOD136 – Villa, Camposol Golf, Mazarron, Murcia, Spain
Detached two double bedroom ‘Fortuna-style’
Two bedrooms, One Bathroom
Price – 119,950 euros (approx 99,100 GBP)
Contact Mercers Costa Cálida on 00 34 968 199 188, UK Local Rate 0845 017 7805, email email@example.com or visit www.spanishproperty.co.uk
for further press information or photography please contact Sarah Drane
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