Interest in Spanish property 'high'
16.01.2010
Interest has increased in the Spanish property market this has not been followed by an increase in sales.
A spokesman for the Spanish Property Owners Guild (SPOG), has said that "boredom" and "curiosity" are behind the increase in traffic to Spanish property websites.
Paul Bradley explained there has not been a corresponding increase in people taking the plunge and making an international money transfer in order to buy Spanish property.
He said: "The pent-up demand to leave the UK is still there, but only when the price is right and the job market looks rosier."
Predicting a seven per cent fall in Spanish property prices over the following year, Mr Bradley suggested that Brits were waiting for the foreign property market to hit rock bottom before making the move.
The majority of the country's real estate is owned by the Spanish banks who therefore have a large say in the country's property values.
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