Cheap property in Spain
is not the countryââ¬â¢s only popular investment, as luxury homes continue to sell
despite the economic gloom.
Rich foreign investors continue to purchase
expensive houses in Spain, with Lucas Fox International Properties selling
ââ¬19.5 million-worth of luxury Spanish property in the third quarter of 2011 ââ¬â a
record-breaking period, and its most successful since opening in 2005.
The luxury property agency, which sells
homes in Barcelona, Costa Brava and Ibiza, welcomes the high number of wealthy
investors:
“There is a lot of negative press
about the Spanish property market,ââ¬Â Director Alex Fox told OPP. ââ¬ÅHowever Spain
continues to be one of the top destinations for high net worth property
buyers.ââ¬Â
The demand for expensive homes ââ¬â rivalling
that of British buyers looking for cheap property in Spain
ââ¬â is expected to continue. ââ¬ÅOur
projections for Barcelona, Costa Brava and Ibiza as published in our recent
market reports, have become a reality,ââ¬Â Fox commented.
Marketing Director Anthony Leaton added:
ââ¬ÅWe predict that the high level of demand from international buyers will
continue to grow.ââ¬Â
