Released on: September 25, 2007, 10:34 am

Press Release Author: Jimwatson

Industry: Real Estate

Press Release Summary: Love is still in the air when it comes to the relationship
between British investors and the Spanish property market, it would seem.

Press Release Body: Love is still in the air when it comes to the relationship
between British investors and the Spanish property market, it would seem.

In spite of worries about overdevelopment on the Spanish coast and panic selling of
property stocks in the spring, investors remain keen to buy a home in the
Mediterranean country.

In April, Lombard Street Research economists warned about a crash in the Spanish
housing market, noting: \"The country is over-housed, households are over-indebted
and the construction industry continues to churn out homes.\"

But now, five months on, it seems that British buyers are carrying on buying Spanish
property. However, it seems that investors are moving away from the coast and
considering properties further inland and more removed from popular resorts.

Mark Stucklin of Spanishpropertyinsight.com said the trend among property investors
is \"into new areas, away from urbanisations of the coast\". He said there are \"lots
of reasons\" for this change, particularly as some types of investors are not
attracted to the high levels of development seen on the coast.

\"In the same way it happened in France, where people were originally down in the
south, but now British people are all over France,\" he commented. According to Mr
Stucklin, British buyers are the \"most important\" group of investors apart from the
Spanish themselves.

\"The United Kingdom is by far and away the most important market for Spanish
property,\" he said. Mr Stucklin claims British buyers are taking their time a bit
more over investment and are more cautious. They look around and delay purchasing
decisions, he said.

However, one fact remains, according to Mr Stucklin. \"What hasn\'t changed is that
the British love affair with Spain is still strong,\" he said.

Since 2001, property prices in Spain have increased by 100 per cent, according to
Halifax figures. Statistics from the Global Property Guide show that the average
price of houses and apartments in the country increased by 9.1 per cent last year.

The Global Property Guide also states that the economic fundamentals underpinning
the Spanish market are \"strong\". GDP growth remained above the EU average of two per
cent, with its yearly average between 1998 and 2006 remaining in the region of 3.7
per cent.

Transaction costs for property investors are also \"moderate\", the website claims.
The typical roundtrip transaction cost totals between ten and 14 per cent - which
includes property transfer tax and commission for the real estate agent - according
to the Global Property Guide.

Web Site: http://www.assetz.co.uk/

Contact Details: Assetz House, Newby Road, Stockport, 0845 400 7000, 0845 400 6010,
linkexchangeseo@gmail.com