A recent survey undertaken by international real estate experts based in the UK revealed that Spain has risen from sixth to third place, to become one of Europe’s most attractive property investment hot spots for international investors. Furthermore, information provided by the one hundred and eighty-four investors polled, suggests that there could be as much as 14,000 million Euros invested in Spanish real estate assets over the next 12 months.
The stabilisation of the Euro Zone, low cost per metre and extremely high returns, particularly on distressed properties, countered against the high price per square metre in other countries, has seen Spain become the preferred option for 11.6% of investors, behind the UK at 39.4% and Germany at 23.3%.
Spanish real estate has seen dramatic price corrections over the last few years with reductions of up 65%, a fact that has been recognised by shrewd investors eager to snap up keenly priced properties in prime locations such as Marbella.
Siesta Real Estate located in Nueva Andalucia has a wide selection of properties available at fantastic discounted prices. Visit www.siesta-realestate.com for further details.
