Corporate foreign exchange news

Spanish property prices 'will continue falling'

Wednesday, 09 February 2011 09:00:13 GMT

Published by Zeb Bham
The cost of Spanish property will continue to fall throughout 2011, an expert has claimed.
Individuals considering a foreign mortgage for a home in the country may be better to bide their time before investing, Will Needham, editor of Spanish Property Magazine stated.
The expert noted that the conditions which first caused the Spanish property crisis have not gone away and so continue to exert "downward pressure" on prices.
Mr Needham said that "finance is still relatively cheap" in the country, even though modest rate rises have been predicted by a number of analysts.
A range of properties, in particular repossessed homes, are available with low or no deposit, the property specialist added.
This year could see an increase in the number of transactions taking place as more people opt to make the most of the low prices, he said.
His comments follow claims from Carmen Hernandez Gomez, a market analyst at the Spanish Tourism Office, who earlier this week argued that Brits "feel at home" in Spain.
For more information on purchasing currency for regular or one-off payments, visit our Personal FX site
 ADNFCR-2522-ID-800393691-ADNFCR
Logo

Speak to one of the team

Please get in touch.

Contact details

Corporate FX
5th Floor, 62 Cornhill
London, EC3V 3NH
United Kingdom
Tel: 020 7743 7000
Fax: 020 7743 7001
Email: info@corporate-fx.co.uk

Contact us / Feedback

Thanks for contacting us

Map and directions

We are situated in the heart of the city of London.

Nearest tube/DLR stations:

Bank
Liverpool Street
Aldgate
Monument

Nearest mainline rail stations:

Liverpool Street
Fenchurch Street
Cannon Street

Global Reach Partners Limited; Registered in England No. 4344764. Registered for Money Laundering Regulations and Money Services
Business at Her Majesty's Revenue & Customs registrations No. 12140164. Supervised by the FSA in accordance with the payment
services regulations 2009, registration No. 504315.
© 2009 Global Reach Partners. Site credits