Spain’s Property Bubble
August 1st, 2005
Spanish developers exhibiting at The Property Investor Show in London (23rd to 25th September, ExCeL London) hotly dispute recent reports that high levels of house price growth in Spain mean that the property market is set to follow the downward trend as seen in the UK market over the past year.
However, with an expanding economy, high employment and excellent infrastructure the market is still very strong, suggesting that high yields are achievable and investors shouldn’t dismiss the traditional Costas in favour of the less established emerging markets of Eastern Europe.
Despite negative publicity of a ‘property bubble’ causing prices to increase to levels comparable with those in England, good low end investment properties can still be bought for around 150,000 Euros. “Even though property is cheaper in emerging markets, for reliability and stability of investment income, more mature markets such as Spain still stack up brilliantly against the competition,” comments Stuart Law, Managing Director of Assetz, a property investment specialist company who will be exhibiting at The Property Investor Show.