A Spanish agent has claimed that property in Spain will ‘sell in a day’ – as long as the price is right.
Spain was the most popular destination for currency transfers last year, with favourable FX rates on the euro likely to encourage even more expat investments this year, according to Currency Index.
Property in Murcia is being sold at ‘pre boom prices’ according to one local agent.
Banks and financial institutions in Spain have been told that they must make an additional €50 billion (£41.5 billion) worth of funds available in order to cover the high proportion of bad real estate loans and foreclosed properties on their books.
The number of foreigners living in Spain who are registered as self-employed has risen over the last year by 4.8%, reaching a total of 208,512, an increase of nearly 10,000 from 2010.
Property in Spain is proving so popular with overseas buyers that many developments are having to instate waiting lists in order to allocate apartments.
Girona has been named one of the best performing property markets in Spain by market research company, The Spanish Valuation Society.
Despite tough market conditions for property in Spain, one company has posted their most successful operational year to date in 2011, showing the appetite for high end Spanish real estate has not waned.
Foreigners hungry for Spanish bargains snapped up €3.6 billion worth of Spanish property last year, the Bank of Spain has revealed.
Spain has been announced as the happiest expat destination, according to the latest findings from Lloyds TSB International.