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Holprop.com, the leading international property portal reports that the 100 Billion injection into the Spanish banks will have a very positive impact on the property market, despite all other claims for destabilization.
From our own interaction with buyers, their current concern is the survival of the Euro currency in Spain. Many of these buyers have moved to the sidelines. The 100 billion injection will reassure many potential buyers that the European Central Bank is serious about keeping Spain in the Euro, states Tony Osust, Holprop International?s director, who also runs http://www.toppropertynews.com/ ? a site strictly dedicated to the most recent developments in the real estate world.
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The implication of such news is that depreciation of prices is becoming a lesser concern than it was previously and Holprop?s real estate experts are seeing an increased amount of properties in Spain priced to be put on the market. This means that vendors are becoming more realistic if they are seriously looking to sell real estate in Spain. Once you take away the risk of the Euro collapsing, we will definitely see an increase in property sales in the sunny country, says Tony Osust.
Spanish Real Estate Continually Attracts a Larger Demographic
Another piece of news Holprop recently revealed on its news portal top propertynews.com was the latest research by Fastighetsbyran (a division of Swedbank), which proved that Spanish properties have been largely growing in popularity among Swedish and Norwegian investors. The number of the latter, entering the Spanish real estate market has been growing at stable rates. The strength of the Krona has been claimed to cause these effects, which, in combination with the low prices of the real estate offerings in Spain has prompted the Swedes to become one of the country?s biggest fans. On the other hand, the UK pound has been reported to reach a 19-month high against the euro, which also presents a great advantage for any Brits, heading for property hunting in Spain.
Why Has Spain Stayed on The Top, Despite All
The real estate experts from Holprop stress a few other reasons why property in Spain has not suffered as much from the world financial crisis. Besides the fact that the country offers an enchanting blend of exotic beaches, tourist attractions and a rich cultural heritage, it can provide stability in all realms of life. For example, the level of public safety ensured in the country is very high, with foreigners being treated on equal basis as native citizens. Furthermore, Spains school system has been developed to very high standards and incorporates both public and private schools, as well as bilingual such. A final point is the Spanish road network ? except for the highways and toll roads, the country boasts one of the most modern high-speed rail networks on the old continent. Airports are modern, too, and have connections to all major European cities.
Holprop property and Real Estate is dedicated to providing the most relevant international property news and information as well as a daily updated database of listings. These can be found at http://www.holprop.com, http://realestateinspainholprop.blogspot.com and http://www.toppropertynews.com/.
Source: http://realestateinvestingfacts.com/blog/6203/spain-real-estate-investors-reassured-bailout/
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