What`s still hot in Spain

Released on: March 8, 2008, 6:25 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: The property market in Spain has been a vexed area for
investors recently. The end of the boom years, the credit crunch and recent
demolitions of homes that breached planning regulations are all major hits from
which some markets might not recover.

Press Release Body: The property market in Spain has been a vexed area for investors
recently. The end of the boom years, the credit crunch and recent demolitions of
homes that breached planning regulations are all major hits from which some markets
might not recover.

Yet those looking to invest in property in Spain may be surprised to find that the
country is not out for the count. Some areas may be a bit bruised but, it appears,
others still pack a punch.

Huelva, for example, is a location which may become a major hotspot, the Daily
Telegraph reported today. However, it notes, it is not at the moment, being home to
just one per cent of the 800,000 new properties constructed in the country in the
past year.

Yet this area, the paper notes, offers white sandy beaches, lots of southern Spanish
property sunshine and distinctly cheap spain properties. Isolated from the rest of
Andalucia by the Donana national park which lies inland (offering a further scenic
attraction for visitors), it sits in a quiet spot between the two honeypots of the
Costa Del Sol and the Portuguese Algarve, whose property prices are twice as high

At present this quiet corner may offer a cheap and peaceful alternative for those
wanting to get away from it all but willing to put up with flying into Portugal and
then travelling across the border in order to get there. But this situation will not
last for much longer, as Huelva\'s own airport will open in 2012. Those who buy there
now may find their property soaring in value once the cheap airlines start arriving.

Of course, there are other opportunities in areas which some may have neglected too.
For example Murcia, a region which has seen its coast covered in golfing resorts, is
now finding that its boom towns are mainly inland, reports Homes Worldwide.

The portal notes that eight of the ten most popular towns in the region are now
inland, with prices rising, according to Spanish property website Kyero.com.

Moratalla was the most successful of these with a 50 per cent rise in prices between
2006 and 2007, while Jumilla saw a 25 per cent increase. However, this still left
the average price at €124,000 and €173,000 (£93,000 and £130,000) respectively,
hardly excessive for a British investor to afford compared with prices back home.

Of course, buying property in such places as inland Murcia in the expectation of
continued rising prices, or in Huelva in the light of its future prospects may pass
many people buy. For some it may be because they have remained interested in the
crowded, familiar places where so many others have already been. Alternatively they
may have read the headlines and abandoned Spain favour of other markets. Either way,
those who ignore the prospects still offered by Spain\'s new hotspots may soon be
kicking themselves.

In today\'s world Property investment is an excellent investment option especially
investment in UK

Web Site: http://www.assetz.co.uk

Contact Details: Address:Assetz House, Newby Road, Stockport,Cheshire

zip:SK7 5DA

ph:0845 400 7000

fax:0845 400 6010

email:linkexchangeseo@gmail.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •