Spanish property purchases by overseas investors have reached a three-year high, according to new figures released by the Bank of Spain.
Underpass to bring new life to Costa del SolA new underpass in the Costa del Sol is expected to attract overseas property investors to this specific part of the Spanish Coast, according to property specialists.
Investors tempted by continual falls in Spanish propertyThe Spanish economy has been severely affected by the eurozone crisis and recent reports have shown the value of property in Spain is continuing to fall. In the last year, the price of residential property in Spain has dropped significantly.
Overseas buyers flock to Dordogne for property purchasesOverseas property investors seem to be particularly attracted to The Dordogne and the Alpes-Maritimes, as the two regions have received the most residential property sales.
Spanish debt continues to cause concern for the euroAn increase in Spanish government bond yields influenced the euro’s fall against the dollar and the yen, and poor economic data in Spain causes worries over eurozone debt markets.
Climate and investment keeps Spain on topBrits are said to favour buying property in Spain and other nations overseas because of the warmer climate and appealing investment opportunities on offer.
Property in France and Spain still on top despite debt crisisDespite the economic turmoil data has revealed France and Spain are still the favourite destinations for property hotspots in the sun for 2012.
Sterling strength can benefit Mallorca property buyersPotential overseas property buyers are being encouraged to take advantage of the strength of the Sterling before an increase to Property Transfer Tax occurs.
Eurozone crisis affects Asian currenciesRenewed eurozone concerns have hit emerging Asian currencies which slid on Monday and are expected to fall further.
Readjusted property prices make Spain an investor’s paradiseThe recent Spanish house price index from property website Kyero has revealed that house prices in the country have fallen in the first quarter of 2012.