Telegraph still promoting Spanish property

This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 8 months ago.

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  • #57770
    Profile photo of DBMarcos99

    Seems they think there are foreign buyers eager to take advantage of the new residency laws..

    Spanish property is set to become particularly attractive this summer, as a new law expected to come into force by July will allow non-EU residents to get Spanish residency automatically if they buy a property worth €500,000 or more.

    Foreign investment in the Spanish property market has increased by 17pc in 2012, according to the latest figures from the Bank of Spain, taking it to a level not seen since 2004. The market has become increasingly attractive as a result of the significant falls seen in property prices since it was enveloped in the financial crisis.

    Back in 2003, around €7 billion was invested during the Spanish property boom, but in 2009, just over half of this amount was invested, at €3.6 billion. Since then, however, the figures have improved, with €5.54 billion being spent last year.

  • #118123
    Profile photo of Anonymous

    Hey Marcus, I see you are getting a bit of a bitch slapping on British

    for what its worth I think meme is ahead on points.

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