Foreign demand fuels
Spanish price rises
Economy Minister Luís de Guíndos
S pain’s Market
has come a long way in
2014. "Spain may offer one of the strongest
recoveries within the Eurozone," PwC highlighted in
an investment report in January. Since then, the
country has done just that, with its improving
economy out of recession, property prices beginning
to climb and demand from buyers soaring.
Indeed, according to property portal Kyero, values
have risen 7 per cent across the country, a figure
attributed to the rising number of foreign buyers from
an increasingly diverse range of locations.
Martin Dell of Kyero said "With general economic
improvements in Spain, as well as increasing
employment and better access to credit, 2015 should
see the Spanish domestic market given room to grow
again," claims Dell. In the property market, at least, it
looks like the recovery claimed by Economy Minister
Luís de Guíndos could be a reality.
Nonetheless, overseas interest is the biggest
driving force in the market. "Price recovery in
2015 is going to be strongest in those areas that
have been attracting foreign buyers during
2014," says Dell.
Live longer in Spain
A nother reason
to retire to Spain has recently been
revealed – you could live a year lo