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FOREIGN INVESTMENT IN PROPERTY PICKING UP AGAIN
FOREIGN INVESTMENT IN PROPERTY PICKING UP AGAIN
According to Bank of Spain information, foreign investment in residential property has increased a significant 19.4% during the first quarter of 2007.
Costa Blanca - 2007-09-10
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This is good news for the sector. Foreign investment in residential property reached a figure of 1254 million euros in the first quarter of 2007, which is a 19.4% increase on the figure for last year.
Various sources within the sector attribute this increase to the recovery of investment security in Spain compared to other markets, in addition to ongoing improvements in building specifications overall.
And, of course, without overlooking the fact that our weather, services and availability for foreign investment are far superior to other destinations.
Various institutions such as Barclays are already carrying out sales through agreements with sales agents who adhere to certain principles (legal guarantee, quality and service), and will only sell their properties to foreign buyers through carefully chosen developers who act with the relevant due diligence.
Vapf Group joined this select group of national developers in July.
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