Wheel Turning For High-Quality Individual Properties

September 17th, 2009

UK based Almanzora Group says that there are signs that in some sectors the market is improving, after it announced that it has sold properties worth almost €5 million in the Almeria region of south-east Spain in the past three months.

‘Over the years, the property market in Spain has proved to be extremely cyclical, much more so than it is in the UK. This recent market activity suggests that the wheel is turning again, at least for the better quality, more individual, properties in new and progressive upwardly mobile locations,’ said sales and marketing manager, Simon Coaker.

‘Prices have been at their lowest for six years but are bound to start rising again if sales of such properties continue at this level. No matter how great the oversupply of poor quality, mass built apartments, in secondary locations around the old tourism centres, the actual supply of good quality individual properties in relatively new, less developed, locations which are the future of residential tourism in Spain remain in short supply,’ he added.

Related posts:

  1. Spain Sees Return of International Lifestyle Buyer
  2. Spain Attracts New Wave of British Buyers
  3. “Market for New Homes Recovering”
  4. Spanish Sales Surge in Renewed Investor Confidence
  5. Spanish Property Market Continues To Grow

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