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Spain "still going very well"
Worries over the safety of the Spanish property market are largely unfounded, according to Foxtons International.
The property services company have argued that Spain is still a healthy market, with the recent panic selling of shares in some Spanish real estate companies more likely to stimulate capital growth, than to cause a market crash.
Matt Glazier, international development manager for Foxtons, said that fears of the property bubble bursting had been exaggerated.
"It's not a bad thing, it's still going very well out there. If anything, it might just shake things up a bit," he said.
He added that a burgeoning business community was joining the established expatriate society in Spain, taking advantage of airport construction:
"There is the ex-pat lifestyle but, more and more it's business people relocating there, because they can commute quite easily.
"They can still get back to London in two hours, but if they've got any kind of business in the rest of the world, again they've got really good accessibility to get to South America and places like that."
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