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SPANISH MARKET HAS REGIONAL VARIATIONS

Monday, 31 Mar 2008


Overseas property investors have been advised to take regional variations into account when buying a residence in Spain.

Spanish market has regional variations Liam Bailey, head of research at Knight Frank, stated that although Spain has been negatively affected by ongoing economic problems across the world, it still offers potentially lucrative investment markets.

Speaking to the Daily Mail, Mr Bailey said residential property values went up by almost five per cent last year.

However, he added that in some parts of the country, prices went up by a much larger amount.

He commented: "Madrid saw rates below two per cent, but this contrasts sharply with 8.1 per cent growth in Murcia."

Asturias was highlighted as another fast-growing location, as it saw growth of 7.7 per cent last year.

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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  • La Rosaleada - Bonalba, Costa Blanca - Apartment prices from € 110,000
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