Spanish investors 'should pick a good location'

Tuesday September 11th , 2007

People planning to invest in Spanish property have been advised to pick a home in a viable location.

Brittney Jackline, author and real estate expert, said that investors had to pick a property that was located in an accessible area.

In addition, she stated that overseas investors also needed to consider other issues including how near the property was to important amenities, such as shops and hospitals.

She commented: "Spain has a number of unique locations to choose from and the investor/buyer will have a variety of option to consider before finally investing."

Ms Jackline added that the Spanish property market was currently "booming" and experiencing very high demand from overseas investors.

She partly attributed this to the country's global international prominence in the sporting world, as next year's European Grand Prix is being staged in Valencia, therefore raising the profile of the area.

Earlier this week, estate agent Brad Johnston also highlighted strong demand for Spanish property, adding that up to five million Europeans could move to the country in the next five years.