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Wednesday, 20 August 2008 00:00 |
Despite the impact of economic downturn across Europe and most of the globe, Spain's high-end property market continues to enjoy strong sales, it has been reported.
According to Property Wire, there is strong demand for Spanish real estate from international investors based in the UK, Germany, Holland and Russia.
The industry news site explained that property in gated communities - particularly those that are connected to well maintained golf courses with high-quality finishes - continues to be snatched up by international buyers.
Mark Stucklin, of information service Spanish Property Insight, told the website: "The downturn in the market has put an end to speculative herd buying but does not deter genuine buyers who do their research."
Last week, news service Overseas Property Professional suggested that proposals by the Spanish government to allow commercial airlines to use military flight routes could give a massive boost to tourism by increasing accessibility to more remote areas of the country. |
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