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Spanish property market safe
19th July 2007
House prices in Spain are expected to rise strongly in 2008, confounding the doom mongers who cried crash earlier this year. This confident forecast was made by GE Money Bank - in Spain since 1963 - following its poll of independent mortgage brokers.
Furthermore, Spain is tipped as the best option for long-term property investment.
This despite mixed media messages on the state of the market and the competition from new markets such as Morocco and Bulgaria.
Nothing it seems has halted the trend of Brits desiring to move to Spain, which is viewed as a "safer investment" than that offered in the emerging markets.
Leading Spanish bank Bankinter expects average Spanish property rises of between 6 percent and 8 percent this year.
Paul Smith, head of CLC Estates - the real estate arm of Club La Costa - said: "There will always be a healthy housing market on the Spanish Costas, due to their continuing popularity with the British. In an era of what some would see as overbuild, it is important to buy quality-built homes in the best locations. Club La Costa is only developing property that meets both these criteria."
For more information Spanish property visit CLC Estates at www.clcestates.com
For more information about Club La Costa visit www.clublacosta.com
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