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Spain leapfrogs UK in property investment list
11 Jan

The recovery of Spain’s property market shows no signs of slowing down as they start 2018 by leapfrogging the UK as the world’s fourth best place for investment opportunities.

The financial crisis in 2007 crippled Spain’s economy and burst the country’s property bubble, spiralling the nation into disarray. However, since 2014, Spain’s economy and property market has gone from strength to strength.

With the hangover from the fiscal crisis seemingly behind them, 2016 saw new housing stocks in Spain increase annually by 70% to around 85,000 units.

The first few months of 2017 also saw a substantial increase in foreign property investment in the country, with the number of residential property sales involving foreigner investors up 15.6% to 14,870 compared to Q1 2016.

Now, a new survey from Afire (Association of Foreign Investors in Real Estate) regarding the world’s best regions for investment opportunities, see Spain move up two places from sixth to fourth, leapfrogging the UK who have dropped down to fifth.Spain received nearly 10% of the votes whilst the UK received just 6%.

Head and shoulders above the rest, however, was the US with 30% of the vote. Brazil and China finished second and third respectively. However, despite uncertainties surrounding Brexit, the UK still ranks above Spain in terms of providing the most stable environment for investment.

According to the Olive Press site, the survey was the 26th of its kind and was conducted during the fourth quarter of 2017 by the James A. Graaskamp Center for Real Estate, Wisconsin School of Business.

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