Spanish properties won’t bring capital growth
Property investments in Spain will not bring "capital growth", according to a property advisor.
FirstRungNow.com said that there are countries where property prices are growing quite considerably, but Spain is not one of these.
Helen Adams, managing director of FirstRungNow.com, said: "The trouble with Spain and France, and particularly Spain, is that you won’t get the capital growth – which is what will enable you to put a deposit down in the UK.
Meanwhile, property investors were warned last month that the Spanish market was significantly less-lucrative than it used to be.
Rhiannon Williamson, director of ShelterOffshore.com, said the country was generally more expensive because a saturation effect is now affecting the overall market – due to large amounts of real estate stock have been built in the most popular locations.
Spanish banks are "tightening their belt" because of the credit crunch, it was recently claimed by PropertyInSpain.Net.
In which case, property investors considering buying property in Brazil may be pleased to learn that financial expert Desmond Lachman said recently that Brazil has managed to weather the credit crunch.
For more information on Brazil property investment and to find out about uv10’s latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
