Property Channel
House prices in Spain rose by 12.8 per cent in 2005
© Andreas Bauer
Spanish property bubble showing no signs of bursting
16 Feb 2006
Nick Gibbens
The Spanish property market still offers solid investment opportunities despite negative publicity that the bubble is about to burst, property experts have said.
With an expanding economy, high employment and excellent infrastructure the Spanish market is still very strong, according to exhibitors at The Homebuyer Show.
They say that although the newly emerging hotspots, such as Eastern Europe, promise excellent returns on investment, for reliability and stability of investment income, homebuyers shouldn't dismiss the traditional Costas altogether.
Jason Windle, managing director of a well known estate agency who will be exhibiting at the show, comments: "Even though there is talk that the Spanish property market has reached its peak, it is still catching up with the English market. I strongly believe that it has a long way to go and we may still be only mid-way through the property boom.
"With excellent health services and an unrivalled quality of life, Spain offers a much more enjoyable investment opportunity than reading share prices every day!
"What's more, as there are few barriers to living and working in Spain it has become a favourite destination for people looking to migrate or retire overseas, which acts as a great support to prices. For an average two bedroom, two bathroom property on the coast, you can expect around €700 per week in rental income during the summer, and €500 per week during the golf season."
Nick Clark, managing director of The Homebuyer Show: "With low cost airlines leaving for Spain throughout the day, good infrastructure and an established year round rental market, it really is an excellent investment opportunity."
"Terry O'Connor, business development director of another exhibitor, said: "Despite its longevity, Spain really is still a good option. Mortgages are easily obtained, there's no worry with currency instability and there are some great deals at the moment. Some areas in the Costa de la Luz have seen inflation of 40 per cent in the last two years, and we expect at least 15 per cent in 2006.
"For capital growth potential, I would suggest buying off-plan at an established development such as Costa Esuri or Nuevo Portil. Townhomes with three double bedrooms are available for around €260,000 (£177,000), whereas luxury two bedroom apartments can be had from €160,464 (£110,000). Buyers in one of our developments have seen their value rise by 30 per cent in the past 18 months and we expect good capital growth to continue in these up and coming areas."
Nick Clark, managing director of The Homebuyer Show, added: "Despite emerging property markets creating a real buzz at the moment, traditional markets like Spain are still incredibly popular with visitors to our shows.
"With low cost airlines leaving for Spain throughout the day, good infrastructure and an established year round rental market, it really is an excellent investment opportunity.
"However, we would encourage any potential or professional investors to research the market and get advice from a professional before they commit."
found by HOMES & FINCAS, AYAMONTE, COSTA DE LA LUZ
House prices in Spain rose by 12.8 per cent in 2005
© Andreas Bauer
Spanish property bubble showing no signs of bursting
16 Feb 2006
Nick Gibbens
The Spanish property market still offers solid investment opportunities despite negative publicity that the bubble is about to burst, property experts have said.
With an expanding economy, high employment and excellent infrastructure the Spanish market is still very strong, according to exhibitors at The Homebuyer Show.
They say that although the newly emerging hotspots, such as Eastern Europe, promise excellent returns on investment, for reliability and stability of investment income, homebuyers shouldn't dismiss the traditional Costas altogether.
Jason Windle, managing director of a well known estate agency who will be exhibiting at the show, comments: "Even though there is talk that the Spanish property market has reached its peak, it is still catching up with the English market. I strongly believe that it has a long way to go and we may still be only mid-way through the property boom.
"With excellent health services and an unrivalled quality of life, Spain offers a much more enjoyable investment opportunity than reading share prices every day!
"What's more, as there are few barriers to living and working in Spain it has become a favourite destination for people looking to migrate or retire overseas, which acts as a great support to prices. For an average two bedroom, two bathroom property on the coast, you can expect around €700 per week in rental income during the summer, and €500 per week during the golf season."
Nick Clark, managing director of The Homebuyer Show: "With low cost airlines leaving for Spain throughout the day, good infrastructure and an established year round rental market, it really is an excellent investment opportunity."
"Terry O'Connor, business development director of another exhibitor, said: "Despite its longevity, Spain really is still a good option. Mortgages are easily obtained, there's no worry with currency instability and there are some great deals at the moment. Some areas in the Costa de la Luz have seen inflation of 40 per cent in the last two years, and we expect at least 15 per cent in 2006.
"For capital growth potential, I would suggest buying off-plan at an established development such as Costa Esuri or Nuevo Portil. Townhomes with three double bedrooms are available for around €260,000 (£177,000), whereas luxury two bedroom apartments can be had from €160,464 (£110,000). Buyers in one of our developments have seen their value rise by 30 per cent in the past 18 months and we expect good capital growth to continue in these up and coming areas."
Nick Clark, managing director of The Homebuyer Show, added: "Despite emerging property markets creating a real buzz at the moment, traditional markets like Spain are still incredibly popular with visitors to our shows.
"With low cost airlines leaving for Spain throughout the day, good infrastructure and an established year round rental market, it really is an excellent investment opportunity.
"However, we would encourage any potential or professional investors to research the market and get advice from a professional before they commit."
found by HOMES & FINCAS, AYAMONTE, COSTA DE LA LUZ
posted by HOMES & FINCAS at 8:46 AM
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