Spain's pains over?
The Spanish property market, normally flat on it’s back with sand being kicked in its face, seems to be standing up to the fight rather than curling up into a shadow of its former self.
The news comes from the National Institute of Statistics, which indicates that property sales in Spain, (newly constructed projects), climbed by over 7% between August & September. In fact, this was the 5th consecutive month of growth, and leading developers, known as the G-14, are optimistically eyeing the future.
Property prices in Spain remain at rock bottom but the good news for anyone selling a property in Spain is that the figures do show that around 30,000 sales are being made every month.
There is a definite mood of improving sentiment for the Spanish market, especially as specialist agents report increasing investor interest from the UK.
Whilst the figures may be down on an annual basis, things are improving after the worse recession in sixty years. Investment may not be rocketing up but the market definitely seems more stable, and investors seem keen to take advantage.