Press Release Summary: It has been revealed that house prices in Spain have risen faster than it has done anywhere else in Europe. Price rise of Spanish property even surpasses the UK market.
Press Release Body: London (yourkeytospain) 25th Sep, 2007: House prices in Spain have risen faster than it has done anywhere else in Europe. It is mortgage lender Halifax that has revealed this fact about Spanish property. It has also indicated that the slowdown in the market is a positive thing, after five years of exceptional price rise.
According to the figures revealed by Halifax, Spanish property prices doubled between 2001 and the end of 2006, and increased by nearly 60 per cent in the past two years alone. This is 20 per cent more the average 40 per cent rise across the eurozone as a whole.
According to a recent poll by the Taxpayers Alliance, two in every five people in the UK are seriously considering moving abroad; and a large number of the buyers boosting the market in Spain are British.
However, the amazing fact is that despite the massive prices over the past five years, Spain remains one of the cheaper eurozone countries. Facts reveal that the average price of Spanish property is £150,200, while the average in the UK is £187,100.
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