Pain in Spain is al­most over

Yorkshire Post - Property - - PROPERTY -

SALES to big-hit­ting in­vest­ment funds and a new law for at­tract­ing non-EU in­vestors are help­ing boost Spain’s prop­erty mar­ket. Richard Way, ed­i­tor at The Over­seas Guides Com­pany says: “There have been in­creas­ing re­ports of large in­vest­ment funds, in­clud­ing Gold­man Sachs, tak­ing swathes of empty prop­er­ties off Spain’s banks’ hands – the im­me­di­ate ef­fect will be down­ward pres­sure on prices but it’s a nec­es­sary pain for reach­ing longer term mar­ket sta­bil­ity.

“The hol­i­day home mar­ket in Spain would ap­pear far from de­pressed, the preva­lence of agents and de­vel­op­ers sell­ing Span­ish prop­erty was no­tice­able at the A Place in the Sun Live ex­hi­bi­tion last weekend.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.