Building on lowering property prices in Spain and based on the strengthening of the economic improvement of the European continent, foreign investment in property has increased by 2.9% in 2010 (such investment in 2009 fell more than 30%) to reach the figure of 3.757 million Euros.
Demand for property for foreign buyers is estimated at no less than 45,000 units per year , representing an increase of our real estate activity with respect to other European countries *, and therefore a source additional wealth intimately connected with tourism, cuisine and cultural offerings. Also, the start of recovery market for foreigners will, as we have said, a more rapid reduction of new building stock accumulated in the Mediterranean and the Canary Islands and Balearic Islands.
MBQ Group
0 comments:
Post a Comment