Insurance News Archive

Investors remain keen on Spanish property

Brits are still flocking to Spain to make their overseas property investments, a new study shows.

Foreign exchange specialist HiFX has released its Monthly Global Property Hotspots Report which found that over a quarter of enquiries received by the firm from British investors are for properties in Spain.

"Over supply in Spain at present can lead to real bargains and property markets always fluctuate, so the increase in buyers is coming from astute investors seeing the potential of purchasing whilst the market is slightly lower," HiFX's marketing director Mark Bodega told the World of Property website.

Price fluctuations in the Spanish property market have been recorded by independent price measurement firm Kyero.com which found Barcelona, Mallorca and Girona to be the most expensive locations in the country.

However, inland areas offered cheaper prices, such as in the provinces of Cordoba, Albacete and Jaen, with the latter having average prices of 91,000 euros.

Due to this price variation, investors would do well to examine a number of sectors in the Spanish property market in order to uncover the best deals.

21 Sep 2007