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Top-end Spanish property market fast-recovering

Top-end Spanish property market fast-recovering

The luxury property market in Spain is as popular as ever, according to reports from industry experts, with one agent celebrating its most successful ever quarter in the three-month period from July to September.

Lucas Fox International Properties, which markets property in Barcelona, Costa Brava and Ibiza, sold €19.5 million-worth of luxury property in Spain during 2011's third quarter, its best-performance since opening six years ago.

Director of the company Alex Vaughan said: "There is a lot of negative press about the Spanish property market; however Spain continues to be one of the top destinations for high-net-worth property buyers.”

“Our projections for Barcelona, Costa Brava and Ibiza - as published in our recent market reports - have become a reality.” he added.

There has been such a demand from overseas property hunters that the company have been prompted to continue expanding their business in order to be able to offer a wider ranging service to clients.

"We predict that the high level of demand from international buyers will continue to grow. As a result we will be launching new, exciting client services and announcing at least one new office opening in the fourth quarter 2011", said marketing director Anthony Leaton.

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