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INVESTORS ADVISED TO LOOK AT CHANGES IN SPANISH MARKET

Friday, 28 Mar 2008


Overseas property investors have been advised that the process of buying in Spain will soon be much easier.

Investors advised to look at changes in Spanish market Earlier this month, the Spanish Socialist Party was elected to serve a second term in office during the country's general election.

One of its manifesto pledges was to simplify Spain's property purchasing regulations in order to make the process more buyer-friendly.

According to Peter Esders, a partner at The International Law Partnership, this could have a positive effect on the market as a whole, Homes Worldwide reports.

Specifically, he said the improved systems would boost confidence in the Spanish market and potentially attract more buyers from overseas.

Mr Esders commented: "The positive aspects of the manifesto should strengthen the decision to buy amongst those who are still in consideration."

He added that Spain's favourable lifestyle, scenery and political stability have helped it become a hotspot for property buyers in places such as the UK.

This comes after Holiday-Rentals revealed that 31 per cent of European properties owned by British investors are located in Spain.

Property Select offers a comprehensive selection of overseas property in Spain, news, members club and reviews of the latest property developments.


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