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PRICES AND LEGAL GUARANTEES ARE THE MAIN ATTRACTIONS FOR INVESTORS

Property tour to convince investors that buy homes in Spain

05-05-2011 (11:44:35)

Madrid. The Government of Spain has begun in London on an international tour to attract potential customers who purchase the maximum number of flats that form the vast surplus real estate.Development Minister, José Blanco, and Secretary of State for Housing, Beatriz Corredor, presented in London the evolution of the Spanish property market to potential investors, have highlighted the price adjustment, the available housing stock, reforms implemented legislative and legal protections available to them as the main buyers of the sector attractive for British investors.

This encounter is framed within the international reporting round being carried out by the Ministry, with the collaboration of the state society Invest in Spain, which aims to present the current situation of the Spanish property market. Besides Britain, the Ministry of Development will be in the coming weeks in France, Germany, Holland, Sweden and Russia.

“We are at a perfect time to invest in real estate in Spain. The data show a significant lower prices while maintaining the competitive advantages that our country has always offered in this area: security, geographic proximity, good climate, quality of life, public services for high-quality infrastructure and every day better infrastructure connecting the main tourist destinations (with a completely revamped transport network in our country). This, together with a secure legal framework that we are further strengthening, "said Jose Blanco, Development Minister.

The Spanish economy began to show early signs of recovery: in the fourth quarter of 2010, Spanish GDP grew by 0.6% year on year and forecasts for the next few months confirm this trend. This has contributed to the various measures undertaken by the Spanish government to alleviate the economic crisis, among which are restructuring the banking system, labor market flexibility and reform of the pension system.

"There is a shift in the evolution of this stock which confirms the market's recovery, especially down in big cities like Barcelona or Madrid, as well as in tourist areas such as Andalusia and the Canary Islands, has confirmed Beatriz Corredor, Secretary of State for Housing . "Our country has now a large park property more affordable a few years ago. The free housing prices have fallen by 15.4% on average since the first quarter of 2008 and more than 20% in real terms is 24% in some provinces with holiday home.

The solid legal framework of Spain ensures the safety of home-buying operations in Spain. In recent years, the Spanish government is taking new measures to strengthen this area.