Released on = August 20, 2007, 11:49 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = To hear the doom-mongers in recent months, one might think
that Spain has become nothing more than yesterday\'s good idea, the hot-spot for
property investment that turned cold while new destinations overseas took its place.


Press Release Body = To hear the doom-mongers in recent months, one might think that
Spain has become nothing more than yesterday\'s good idea, the hot-spot for property
investment that turned cold while new destinations overseas took its place.

Not so, say property investors involved in the country; there may have been a
correction in the market, but rumours of Spain\'s demise have been greatly
exaggerated and now they have the proof.

This comes in the form of research by GE Money, which set out to interview 100
mortgage brokers about what they believed were the best short and long-term
prospects, reports property specialists propertyinspain.net.

What they found from the brokers was that Spain was second when it came to prospects
for price appreciation in the next 12 months and top overall as a long-term
prospect.

This second aspect is what will interest a great many investors, whose interest will
take into account the fact that a long-term commitment may help ride out short-term
difficulties that may occur from time to time, such as periods of economic downturn
or high interest rates.

What is certainly long-term, the research found, was that the traditional appeal of
Spain - food, sunshine and culture - still remained. Moreover, propertyinspain.net
states that many of its clients are now looking for prime investments worth up to 60
per cent more than the market average for the country.

Sales manager Ben Walker said: \"That\'s a high level of commitment and it reflects
the awareness and stability of the Spanish real estate market generally so far as
international buyers are concerned. Locations like Ibiza and Costa Blanca are where
people want their investment and dream homes.\"

To Ibiza and Costa Blanca could be added Valencia, according to yourkeytospain.com,
which has said that local property agents have been getting more enquiries following
news that the city is to become the host of the European Grand Prix between 2008 and
2014. The course will be a street circuit, similar to Monaco, which means properties
offering a view of the course may be particularly sought after.

Many in the property industry agree, not least because Valencia has a growing
sporting profile. Its football team gained a major profile by reaching the Champions
League Finals of 2000 and 2001, followed by winning both the Spanish league and the
UEFA Cup in 2004, while the city has a redeveloped new marina and waterfront to
attract those who like boating thanks to its hosting of the Americas Cup this year.

Craig Holden of developers Rawlins and Holden told the Daily Telegraph something
similar happened in Barcelona as a result of hosting the 1992 Olympics, but people
could find the same sort of property in Valencia as Barcelona for \"half the price\".

He added: \"The America\'s Cup and next year\'s grand prix have raised awareness of the
city immensely. So has the success of Valencia\'s football team, which means more to
your average man in the street.\"

So to sun, sand, food and culture can be added sport, which, as Barcelona in 1992
and other cities hosting sporting events have shown, can be a major aid to urban
renewal. If Valencia booms by being the temporary home to the world\'s best yachtsmen
and racing drivers, it will just add another element to a still healthy Spanish
property investment market.


Web Site = http://spain.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA, 0845 400
7000, linkexchangeseo@gmail.com