Insurance News Archive
Spanish developers offer more
Despite tighter lending rules and a cooling western economy, property developers in Spain are not lowering their prices, preferring instead to offer overseas property investors a range of incentives, according to Spanish property experts.
Buyers are being more careful with their money and to tempt them to part with it, developers are trying to sweeten the deal, according to Kyero.
For example, one developer is offering buyers the opportunity to delay their mortgage repayments for a year.
United Golf Resorts has gone so far as to offer to pay the legal fees of buyers investing in their development in the Valley of Murcia, which is being opened up as a new golfing destination.
Elsewhere developers are adding spas, leisure facilities and other installations in order to attract interest and add value to the property investments.
Spain has been the most popular place for Britons to buy properties in overseas with investment coming from both ex-pats looking for a life in the sun and property buyers targeting the rental market for holidaymakers.
15 Jan 2008
