No more pain in Spain for in­vestors

Yorkshire Post - Property - - PROPERTY -

BUYER con­fi­dence in Span­ish prop­erty is re­turn­ing, as the fall in prices be­gins to slow down and in­vestors sense a po­ten­tial turn­around in the mar­ket.

Ac­cord­ing to re­cent data re­leased by Span­ish es­tate agency Lu­cas Fox, prices in some of Spain’s most de­sir­able ar­eas have fallen up to 50 per cent since the prop­erty crash of 2006/7 and sales trans­ac­tions are on the up. But al­though the Bri­tish and Scan­di­na­vians are re­turn­ing to the mar­ket, there is grow­ing in­ter­est from Far Eastern and Rus­sian in­vestors.

The com­pany’s mar­ket re­ports for the first six months of 2013, shows sales in Barcelona are up 13.5 per cent, with par­tic­u­lar in­ter­est from Rus­sian, In­dian, Chi­nese and Amer­i­can in­vestors.

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