Overseas property purchasers are being urged not to dismiss buying a property in Spain in favour of newly emerging hotspots in eastern Europe.
Spanish property experts say that buying property in Spain can still offer good capital growth, rental returns and a stability which eastern European property purchases do not offer.
The current sentiment among overseas property investors is that the property bubble in Spain, where property prices grew by 17.2 per cent in the first half of last year.
But Jason Windle, managing director of Spanish property firm, Platinum Properties, disagrees.
"Even though there is talk that the Spanish property market has reached its peak, it is still catching up with the English market," he said.
"I strongly believe that it has a long way to go and we may still be only mid-way through the property boom."
Mr Windle pushed the benefits of buying property in Spain, saying that the country has "excellent" health services and quality of life and has become a hotspot for those looking to emigrate or retire overseas.
Terry O'Connor, business development director of overseas property company ‘The Superior Group’, agrees that Spain is still a good option, making it an even more viable option for overseas property investment.
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Spanish property still a good option for investors
Thu, 23 Feb 2006
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