Spanish property slowdown 'not as significant as press have made out'
The recent slowdown in the Spanish property market is not as severe as some sections of the press have made out, according to a Spanish real estate group.
The comment from Realia - which last week listed on the Spanish stock exchange - follows the share price collapse of a number of listed property companies in Spain, triggering fears in some quarters that market might collapse.
However, while there has been a slight slowdown since, the company asserts that concerns about the health of the Spanish property market have been overdone.
Quoted by IPE Real Estate, Realia spokesman Ivan Paja explained: "Sentiment is negative in Spain but not as negative as the international press seems to think it is.
"There will be a slowdown but we don't consider [this] a significant slowdown," he added.
Recently, Mark Bodega from foreign exchange specialist HiFX said that the slowdown could provide canny investors with opportunities for holiday homes.
He explained that holiday property is likely to remain popular since Spain will always be a popular choice for British tourists.
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