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News Briefs

Week: Monday 25 July - Friday 29 July 2005

Spanish property market remains "incredibly popular"

Suggestions that the Spanish property prices are set to fall has been rejected by Spanish developers exhibiting at The Property Investor Show in London (23-25 September, ExCeL London).

Rather, they feel that with an expanding economy, high employment and impressive infrastructure the market remains strong.

Nick Clark, Managing Director of The Property Investor Show, comments: "Despite emerging property markets creating a real buzz at the moment, traditional markets like Spain are still incredibly popular among visitors to our shows. With low cost airlines leaving for Spain throughout the day, good infrastructure and an established year round rental market, there is no reason to suggest that the recent reports that the market is set to crash are true. However, we would encourage any potential or professional investors to research the market and get advice from a professional before they commit."

Property Investor News who will be exhibiting at the show, will be located at stand number 107.

 

SIPPs investors look to the sun.

Thousands of SIPP's investors are expected to buy up property overseas according to a new study compiled by Hargreaves Lansdown. The report estimates that around £1.5 billion will be invested in properties overseas, with Spanish and French property markets set to prove most popular.

Tom McPhail, Hargreaves Lansdown's head of pensions research said: "It's the golden combination of property investment and government tax breaks; people want it and they want it now."

 

Shop across Europe for your mortgage.

The European Commission is considering plans, which will make it possible for homebuyers to search across Europe for the best mortgage deal, in the form of a Euromortgage.

Charlie McCreevy, EU Single Market Commissioner, said: "A home is the biggest purchase most people make in their lifetime and the mortgage credit markets are a very significant part of the EU economy." He added: "More cross-border activity and competition in the EU mortgage market could increase choice, reduce costs and leave more money in people's pockets."

 

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