Big year ahead for Spanish international mortgages

Mon, 09 Jan 2012
The next 12 months are likely to be busy for those wishing to obtain an international mortgage in order to secure a property in Spain.

This is because Mark Stucklin, head of Spanish Property Insight, explained 2012 could be a big year for the housing market in the European country, with interest from Britons likely to increase as the year goes on.

Mr Stucklin explained the nation has become more attractive to foreign investors of late, with the British pound edging up against the euro.

In addition, the ongoing problems in the eurozone are likely to result in the single currency continuing to weaken against sterling.

The industry figure pointed out: "With the best property, I think we are now in [a period of] price stability."

He added the currency movement will also serve to increase attractiveness among British buyers.

His comments come in response to new figures from Kyero.com, which suggested overseas purchasers are mainly interested in cheaper Spanish dwellings, with the most looked-at price band falling in the region of £50,000 to £100,000.
 
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