Tuesday 23 October 2007

Off plan can still be a good investment


There are still plenty of good long-term off plan investment property opportunities in selective areas of Spain. Investors in Spain now realise that longer-term capital gains are still available and are prepared to buy off plan property and then stay in the market for a few years, as opposed to the speculative flipping of property. Spain is still a popular place for the British to invest. Rather than people investing and wanting their return back quickly, a lot of people are buying in a more educated way.

In a new annual report on the international property market, the Association of International Property Professionals estimates that nearly £20 billion was spent by UK buyers on overseas homes last year. The study shows that Spain and France are the top two markets for Britons buying property abroad.

Also just announced yesterday, an iminent 6% increase in the Penthousr property prices at the Condado de Alhama Golf Resort - current prices are from only 137.400 Euros, less than 100.000 GBP.

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Tinsa €/m2