Mortgage enquiries for Spain increase by 33% as now is the time to buy
Posted on: August 11, 2012
Murcia is a key location as prices there are low even though tourist attractions are being developed.
In summary:
Murcia is a key area to invest in.
Mortgage enquiries for Spain increased by 33%.
...
Investors can get value for money by investing now.
The Spanish property market may be suffering at the moment, with the Eurozone crisis and employment rates being constant issues focused on by the Spanish people but that doesn’t mean that the country lacks investment prospects.
Investors can make the most of the current market if they take the leap and invest in Spanish property now, whilst it is cheap and it seems that some investors are sitting up and taking note of the market with an increase of interest in Spanish property.
Overseas mortgage specialists, Conti said that over May and June there was a rise of 33 percent in the number of mortgage enquiries highlighting that people are wanting to bag a bargain whilst the time is right.
Clare Nessling, Director at Conti, said: “Bargain prices and the opportunity to negotiate these down even further with some very motivated sellers mean that it’s most certainly a buyer’s market.
“In addition, despite the ongoing eurozone crisis, the growing strength of the pound, which has been rising against the euro to levels not seen for around four years, is boosting the budgets of British buyers.
“These factors, together with historically low interest rates, are making it more affordable to buy in Spain right now. And signs that the market is improving are starting to lift the confidence of prospective buyers.”
Murcia is one region that is proving to be attractive especially since the Paramount Theme Park is under construction. The region already attracts more than two million visitors every year with the theme park expected to boost that number, with visitor numbers maybe even doubling.
Investors who are looking to purchase Spanish property for the purpose of renting it as a holiday home should look to Murcia as it is destined to become a thriving tourist driven area in the coming years and the current prices of property there are among some of the cheapest in the country.
WWW.spanishdreamproperty.com
Posted on: August 11, 2012
Murcia is a key location as prices there are low even though tourist attractions are being developed.
In summary:
Murcia is a key area to invest in.
Mortgage enquiries for Spain increased by 33%.
...
Investors can get value for money by investing now.
The Spanish property market may be suffering at the moment, with the Eurozone crisis and employment rates being constant issues focused on by the Spanish people but that doesn’t mean that the country lacks investment prospects.
Investors can make the most of the current market if they take the leap and invest in Spanish property now, whilst it is cheap and it seems that some investors are sitting up and taking note of the market with an increase of interest in Spanish property.
Overseas mortgage specialists, Conti said that over May and June there was a rise of 33 percent in the number of mortgage enquiries highlighting that people are wanting to bag a bargain whilst the time is right.
Clare Nessling, Director at Conti, said: “Bargain prices and the opportunity to negotiate these down even further with some very motivated sellers mean that it’s most certainly a buyer’s market.
“In addition, despite the ongoing eurozone crisis, the growing strength of the pound, which has been rising against the euro to levels not seen for around four years, is boosting the budgets of British buyers.
“These factors, together with historically low interest rates, are making it more affordable to buy in Spain right now. And signs that the market is improving are starting to lift the confidence of prospective buyers.”
Murcia is one region that is proving to be attractive especially since the Paramount Theme Park is under construction. The region already attracts more than two million visitors every year with the theme park expected to boost that number, with visitor numbers maybe even doubling.
Investors who are looking to purchase Spanish property for the purpose of renting it as a holiday home should look to Murcia as it is destined to become a thriving tourist driven area in the coming years and the current prices of property there are among some of the cheapest in the country.
WWW.spanishdreamproperty.com
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