Tuesday, 12 June 2007
Foreign investors return to Spanish property
Foreign investment in Spanish property has increased by 33% in the first 2 months of 2007, according to figures from the Bank of Spain. Foreigners spent a total of 806 million Euros on Spanish property in January and February, compared to 606 million in the same period of 2006. This is the first increase since the end of 2003, when the value of foreign property investments in Spain started to fall, and suggests that the trend towards lower foreign demand may have turned a corner.
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