Spanish property market will be number 1 for Britons
Property experts are predicting long-term health for the Spanish property market, asserting that it will be the "number 1" destination for Britons buying in Europe.
Although buyer confidence in Spain has taken a dip on the back of problems with planning permission, the market is expected to pick up and cement its position as the favourite overseas market with Britons.
Mark Stucklin of Spanish Property Insight said: "There have been some scandals that people are aware of and thereÔÇÖs been some bad press. That's an issue to be resolved, but I don't think people are going to abandon Spain just because of that."
Mr Stucklin also asserted that "in the long-term, Spain will be the number 1 choice destination for British buyers in Europe".
One attraction of investing in Spain is the relatively simple legal system, and the Spanish government has recently slashed capital gains tax for non-residents from 35% to 18%.
Although Spanish inheritance tax applies to Britons buying in Spain, Mr Stucklin asserted that it does not affect people's decision to buy.
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