Spanish property 'should be treated as a long-term investment opportunity'
Recent reports from a variety of property investment sources have suggested that the Spanish market is heading for a downturn in fortunes.
However, these fears are dismissed by Martin Cox of Global Currency Exchange Network, who says that his company is "still transferring more Euros year on year to Spain" than any other European nation.
He acknowledges that the focus of the Spanish property market has shifted from the coast to more inland areas, but believes this is because these areas boast "cheaper land prices potentially mean more value for money".
According to Mr Cox, there is some truth in rumours that the market is suffering the ill-effects of "historic over-valuing by agents and developers".
Despite this, he says he is confident that any slump in the market will right itself as prices go through normal fluctuations.
And he commented: "The seasoned property investor is more than aware that  property should be treated as a mid to long term investment rather than a chance of a quick buck."
These comments were echoed by Dominic Farrell of Jet to Let magazine, who said that Spain would always remain one of the "preferred destinations" for the UK investor.
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