Wednesday, January 10, 2007

Reasons to be cheerful Part 1

Just been mulling over the start of a new year in that am-dram entertainment we call the Spanish property market.

Maybe its the unseasonal sunshine that is affecting my outlook but I'm sure there's a slightly more positive vibe going on.

Is the January sunshine dispelling the doom and gloom of 2006? Or am I still drunk from New Year? My air of optimism stems from a quick glance about at the web:

1) Justin from reckons 2007 will be a great year for buyers

2)These Valencia agents appear to be seeing significant growth in their area

3)Then there's this:
Holiday Home Buyers Return To Spain
Capital growth in Spain has fallen from 12% earlier in the year to 10.8% currently and is likely to continue slowing into 2007, after which it will probably stabilise. British holiday home buyers will continue to support the market, which is also underpinned by strong demand from Spanish locals for their own holiday homes, as well high levels of tourism.


4) And read this. Investment experts Assetz and Sunday Times journalist Mark Stucklin both seem to be in agreement that we can expect a price check, but that the overall outlook is stable and positive.

Reasons to be cheerful then? Well, on the whole yes. There may be some vendors who are in for a rude awakening when it comes round to valuation time, but Spain still retains its charm for the British buyers it would seem.

And besides, I'm househunting this year and I'm definitely not after a unique fixer upper in Romania. Viva EspaƱa.

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