Spanish real estate party is over
Spain’s government has confirmed that the country’s housing boom is over, it has been reported.
The nation’s Housing Ministry announced this month that house prices in the first quarter of 2008 fell in real value, according to Expatica.
It added that house price inflation for the period was below that of consumer price inflation which stood at 4.5 per cent in March.
Prices rose by 4.8 per cent in the last quarter of 2007, compared to rates of just below 20 per cent at the height of the country’s boom.
Meanwhile, property in Brazil is currently booming and there has never been a better time to invest in the Latin American nation, according to investment advisor IN2.
In other related news, people considering buying property in Brazil could be interested to hear that Knight Frank has revealed that the Latin American country’s real estate market shows good potential for the next few years.
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
