“Insatiable” demand remains for Spanish property
The Spanish property market has enjoyed good growth in recent years because the demand from overseas investors shows no sign of abating, it has been claimed.
A report from the Royal Institution of Chartered Surveyors (RICS) has pointed out that there remains the potential for growth in Spain, despite some concern that the country’s property boom could be coming to an end.
Acute housing shortages continue, despite all the building; demographic pressures still exist and there remains a seemingly insatiable demand among many Europeans for a place in the Spanish sun.
The Guardian backs up this view by pointing out that property prices in Spain grew by 14 per cent last year and currently offer 100 per cent increases over five years, demonstrating the continued potential in the market.
Spanish real estate has for many been a source of effortless wealth in recent years.
Britons often choose Spain as a favourite destination for a second home or flats and it seems that the attraction of the Spanish sun among Brits is helping to drive the continued demand for property.
Cheers buddies!
