No more pain in Spain for investors
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.