Cheap property in Spain is not the countrys only popular investment

  • 13 years ago
  • Uncategorized

Cheap property in Spain
is not the country’s only popular investment, as luxury homes continue to sell
despite the economic gloom.

Rich foreign investors continue to purchase
expensive houses in Spain, with Lucas Fox International Properties selling
€19.5 million-worth of luxury Spanish property in the third quarter of 2011 – a
record-breaking period, and its most successful since opening in 2005.

The luxury property agency, which sells
homes in Barcelona, Costa Brava and Ibiza, welcomes the high number of wealthy

“There is a lot of negative press
about the Spanish property market,” Director Alex Fox told OPP. “However Spain
continues to be one of the top destinations for high net worth property

The demand for expensive homes – rivalling
that of British buyers looking for cheap property in Spain
– is expected to continue.  “Our
projections for Barcelona, Costa Brava and Ibiza as published in our recent
market reports, have become a reality,” Fox commented.

Marketing Director Anthony Leaton added:
“We predict that the high level of demand from international buyers will
continue to grow.”

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