Expert: There is more to property in Spain than making a large profit
Published On 11 March 2008
Despite recent fears concerning what will happen to house prices in Spain, many people from the UK are still planning to buy a property in the country, an industry expert has said.James Dearsley, European sales director for Atlas International, explained that the market for property in Spain was "peculiar" and that it was still possible for people to make money from their investments even in a time of recession.
What's more, Mr Dearsley stressed that many people purchased property in Spain not to make a profit but because they genuinely wanted to live there.
"Spain is a very big place and a lot of people are not just moving to Spain to make an unbelievable amount of money, although it's still unquestionable that people will still make money," he added.
"Most people see it as a useable investment as opposed to a financial investment.
"They may be able to go to some of these emerging markets and make a very good paper profit, but can they use it as readily as they can in Spain? It's very doubtful."
Recent research from Trafalgar Square Overseas showed that Spain and France remain the most popular places for people from the UK to purchase second homes.
