Globespotters
Who is this months top of the props?
Despite being the subject of more available, low interest rates and
bad publicity than virtually any the opportunity to negotiate price
other country during the credit reductions from motivated vendors.
crunch, buyers are starting to look
to Spain once again. “Sensible investments carried out
on a long-term basis have a good
Favouring traditionally popular chance of bringing in healthy
destinations, international buyers returns.”
are looking once more to markets
such as Spain and France and Prospective buyers are now
Once the glut of unsold properties
Brits are proving that the love chasing long term gains and as it
in Spain is shifted, this will help
affair with Spain is far from over. had been hit so hard by the global
to aid the recovery and push the
recession, prices could remain low
market back up in 2010.
International mortgage firm and offer good bargain potential
Conti revealed that interest in for years to come.
Other movers and shakers
Spanish properties accounted
for 22 per cent of the total Cash buyers have been tipped
The USA had to settle for second
information requests so far this as the ones most likely to be able
place in August’s chart, swiftly
year, second only to France and to pick up a real bargain in the
followed by France in third place
up from 14 per cent in 2008. country as they don’t have to
and Portugal in fourth. Middle of
worry about mortgage financing,
the ranks at fifth was Turkey and
Assessing the prospects for British can bargain hard with struggling
Italy in sixth place.
buyers in Spain, the company said, developers and can move the
“Buyers are in a strong position transaction quickly along.
Cyprus remained in its lucky
due to the number of homes
number seven position for the
The TINSA survey, which prides
second consecutive month, with
itself on being ‘Spain’s most
Brazil and Greece snapping at
reliable guide to property values,’
its heels at eighth and ninth
has found that the decline in
places respectively.
prices has stabilised.
Bulgaria dropped two places from
Spanish cities are tipped for a
eighth place in July to round off
brighter future over the next few
August’s chart, coming in tenth.
years, with the Assures Financieros
Internacionales (AFI), suggesting
Produced by TheMoveChannel.
that property prices in cities
com (The world’s largest
may rise to previous levels
property portal)
during 2010.
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