Property For Sale in Spain, Apartments, Townhouses, Villas, Fincas, Cortijos.
Property
for sale in Spain
All types of property for sale in Spain - Including dereclict property in
need of lots of TLC, building and development land complete with building
licences, cave houses and commercial property for sale in Spain.
Property prices in Spain are still increasing.
Yet we are still able to locate property for sale in Spain costing from
as little as 50,000 Euros - thats about 35,000 GB Pounds or the cost of
a new car!! Whilst property prices in northern Europe have levelled
off those in Spain due to continued demand are still increasing - so if
you are looking to invest in property for sale in Spain, move to or simply
buy a holiday home in Spain now is the time to buy.
With Spanish property values rising by an average of 140% in the past seven
years, new figures indicate that there were 800,000 new home starts in Spain
last year to accommodate growing demand for second homes.
Live In Spain, an organisation backed by several leading Spanish developers,
recently forecast that spending on Spanish holiday homes will double from
approximately EUR25 billion in 2005 to EUR45 billion by 2010 (a rise of
117,000 homes purchased to 150,000 in five years). It is also estimated
that 1.7 million of the 3.7 million holiday homes in Spain are owned by
foreigners (70% of which are British and German).
In addition to this, a report from Caixa Catalunya, the Spanish savings
bank, last year claimed that there are 1.2 million properties built before
1920 that should be replaced with newly built housing (and 2.6 million properties
built between 1921 and 1960 that will need major refurbishment). In spite
of concern about a glut of new build coming onto the market in some parts
of Spain, house prices increased by just over 10% last year, according to
figures from Sociedad de Tasacion. While this is the lowest rise for some
time, following 12.5% and 15.8% increases in 2004 and 2003 respectively,
it is still in line with the average annual increase of 10.8% since 1985.
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