Expatriate Healthcare News: 'Time is right' to invest in Spanish homes
30/09/10 17:13
Investment is returning to the Spanish property market as overseas medical insurance policyholders forget last year's financial concerns, according to Atlas International.
James Dearsley, European sales director at the firm, pointed out that expatriate health insurance customers had been concerned about purchasing overseas homes in Spain last year, but now "the time has come for them to start buying again".
"This year, with prices coming back considerably, people are starting to see it as a buying opportunity now so it has become that buyer's market which was not perhaps there last year," he explained.
Mr Dearsley advised expatriate purchasers to use an established agent who has been in the market for a long time, as this is key to the process of buying property in Spain.
His comments come after figures released by Taylor Wimpey de Espana showed leads and property enquires made by prospective expats was up 80 per cent in August, compared with the same month last year.
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