The number of investors buying Spanish property is on the rise according to one of the country’s largest agents.
Taylor Wimpey Spain has experienced a 22 per cent rise overall in the number of real estate transactions in September, compared to the same period in 2011. And the figures are even more impressive for property in the Costa del Sol, which has seen sales rise by 52 per cent in the year to date, compared to the first nine months of last year.
The high number of tourists visiting Spain and being seduced by bargain Spanish property, as well as the favourable exchange rate are both being given as reasons for the rise in Spanish property sales.
"It's no surprise really that foreign spending has increased in Spain this year particularly among British tourists who have been bagging more for their buck considering the strength of the pound over the euro," commented the company’s sales and marketing director Marc Pritchard.
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