The cost of housing on the coast of Spain «reached bottom»

07.10.2011 00:15
Articles about real estate | The cost of housing on the coast of Spain «reached bottom» In some regions of Spain, property prices, located on the coastline, which is rapidly lost in the price for many months, has finally "hit bottom". Now when you buy villas and apartments, there is no fear that they will depreciate quickly.

"Real estate in the coastal areas of Spain reached the lowest point in terms of value," - said Enrique Marasuelo (Enrique Marazuela), head of the investment unit of Spanish bank BBVA, speaking at the International Investment Summit in Geneva, Reuters.

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The specialist said that at present home on the shore again gaining popularity, this segment of the market begins to recover, unless the price is at least in terms of increased transaction volumes. According IBTimes, he added that "those who intend to invest in Spanish property should not expect a substantial increase in prices in the short to medium term" and noted that in some areas, the market has stabilized, as many Europeans want to buy second home in Spain.

As previously reported by portal, resort property in Spain fell for the summer to 4%, and for the last year - 7%. Return of foreign investors in this market confirms the statistics of other companies, and experts explain the interest of foreign buyers at significant discounts offered by realtors housing.
Content tags: Overseas property
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