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Article: Counting on the Costas; Recession-hit Spain has great deals for cash buyers, says Sebastian Lander.(Features)
- Article from:
- Daily Mail (London)
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sebastian Lander
SMILE! You are in Spain, runs the Spanish tourist board's advertising slogan. But some Britons who bought property there in the boom time have been doing anything but that.
Allegations of corruption and illegal building have dogged the Spanish property market, which peaked in 2007 and then collapsed in the global recession. British buyers have been squeezed further by the rise of the euro against the pound.
But is the British love affair with Spain really over or are we gingerly dipping a toe back in the water? Property website figures indicate that Spain remains a firm favourite, accounting for 20 per cent of all ...