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Thursday, 31 July 2008 00:00 |
Investors thinking about the Spanish property market should consider the south-east of the country, according to the Property Investor Show.
The organiser of the exhibition, which is due to take place at London's ExCel between September 19th and September 21st, has said that Murcia is "one of the most profitable places to invest".
As oil prices rise, sensible investors should look at destinations that are the most popular flight destinations for budget airlines such as Ryanair, and the exhibition organisers claim that Murcia fits the bill.
Described by the Property Investor Show as an area that is expected to "offer good capital growth and strong rental yields", Murcia's airport has received more passengers even than Alicante which serves the Costa Blanca.
Spain has the eighth largest economy in the world and the fifth largest in the EU.
The Global Property Guide states that total transaction costs for those considering investing in the Spanish market are moderate and estimates the total roundtrip transaction cost at around ten per cent to 14 per cent. |
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