International mortgages could enable Spanish property purchase

Mon, 10 Oct 2011
International mortgages may be a top priority for individuals looking to buy property in Spain at present.

Indeed, Taylor Wimpey has noted house prices in certain parts of the country have been on the increase of late.

According to statistics from Spanish property portal Kyero.com, the third quarter of 2011 has been a very busy period in this regard, with the national average asking price for a dwelling escalating from €263,000 in June (£228,000) to €266,100 in September.

Taylor Wimpey - which was formed through the merger of George Wimpey and Taylor Woodrow in 2007 - noted rising prices and booms in tourism over the summer months mean abodes in Spain are becoming more attractive to purchasers.

Marc Pritchard, sales and marketing director of Taylor Wimpey Espana, said: "The price rises in certain parts of Spain is an encouraging sign for investors with locations such as the Costa Blanca, Costa Calida, Alicante and Murcia experiencing marked price increases."
 
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