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Spain still No.1 Destination
08/06/2007
Despite recent reports of a potential Spanish property market crash and figures marking an overall slow down in some areas of the country particularly the Costas, the latest HiFX Monthly Global Property Hotspots Report shows that Spain still remains the top destination for Brits buying overseas property with 27% of all enquiries relating to Brits buying in Spain. In light of these market conditions, currency experts HiFX, are urging Brits considering purchasing Spanish property, or those who already own a property in the country, to be aware of how the Spanish market is changing and how this can best be used to their advantage.
"Don’t be put off by the recent reporting of a potential crash. All markets go through corrections and as long as you are looking at your holiday home as a long term investment (5-10 years) you can still buy with confidence, if you buy wisely.
An abundance of low cost airline routes, a two hour flight time and the great weather means that Spain will always be a favourite with British buyers. Even for those looking for capital growth in the short term there are plenty of opportunities to be had in the lesser known Costas, in the cities and inland. Coastal regions like Tarragona, and inland areas like Jaen and Cordoba still provide excellent value as do some cities. In Barcelona for example, property prices are rising at their fastest pace ever.
HiFX Update on Spain
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