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Spanish foreign property demand ‘re-ignited’

Posted by: In: Real Estate 31 Jul 2014 Comments: 0 Tags: ,
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British and German buyers are among overseas buyers showing increasing interest in Spanish real estate as the market starts to bottom out, say property professionals

More evidence is emerging from property professionals of improving foreign demand in Spain.

Yesterday, OPP Connect reported that the real estate market shows signs of picking up in certain areas, with some Spanish agents seeing record sales and hitting targets early.

Now, Spanish property consultancy, Strategic & Buy and developer, Taylor Wimpey España both say fresh interest is being shown by overseas buyers.

Sheena Campbell-Royle, Chief Executive Officer of independent property sourcing and purchasing specialist, Strategic & Buy, which has offices in Barcelona, and is British-registered, tells OPP Connect, “Interest has definitely been re-ignited in the Spanish market.

“The high-end residential market has maintained its attraction throughout the crisis within the core sales areas such as Madrid and Barcelona. The upper end of the coastal market, such as the Marbella area and the Balearic islands has also remained popular.”

Spain’s ‘Golden Visa’ property-for-residency scheme, which is open to non-European Union nationals, has also helped boost foreign demand.

“We have noticed increased interest from private individual buyers searching for both long-term investment …read more

Source: OPP

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