Where To Buy Abroad in 2008 | Overseas Property Investment Blog | Nubricks
Nubricks post on how 2007 faired for the Spanish Property market
Spain will probably try and pretend 2007 never happened, thanks to it hitting the headlines for all the wrong reasons: money-laundering mayors, land-grabbing developers and coastal over-pricing have dented consumer confidence, not helped by rumours of large scale coastal demolition of ‘illegal’ properties, most of which are owned by unsuspecting expats.
In some areas of the Costa Blanca, it is thought that up to 70% of estate agents have closed down. Having said that, an appreciation of quality will probably hit the Spanish market for the first time, as higher-quality destinations such as the Balearics, Costa Brava and Sotogrande, are likely to remain safe, long-term bets.
Where To Buy Abroad in 2008 | Overseas Property Investment Blog | Nubricks
Tags: spanish, property, costablanca
