Innovative land & property investments
Spain Property Investment News
Spanish property still a bargain
Property experts have stressed that Brits looking for safe, long-term investments in overseas property have nothing to fear from the Spanish market.
Allegations of over-development have led to fears of an imminent crash, but industry insiders argue that fluctuations in the market are merely a result of short-term speculation, rather than inherent instability.
Adrian McDermott, managing director of escapes2.com, said that Spain was "still among the safest and most attractive places in Europe to invest for the long term".
"Property prices in the Costa del Sol have remained static for the past three years, so now is a great time to enter the market and bag a bargain.
"In contrast, Costa Blanca property prices have been rising year on year, but I now expect prices to follow those on the Costa del Sol and remain static for the next three years or so - I do not expect a price crash."
He continued: "The short term speculators have now moved away from the Spanish property market and have been replaced by the lifestyle purchaser looking at a good, safe, long term investment."
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