Why invest in Spain?

Considering buying overseas for investment? If so, you’d be wise to study the Rics European Housing Review for 2005 that analyses property growth in 17 countries. The study carried out by the Royal Institution of Chartered Surveyors (RICS), covers a variety of locations such as Spain that have long been popular with British & Irish buyers, to the new emerging markets of the EU countries in Eastern Europe that are popular with those hoping to grab a bargain.

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The report’s conclusion was that 2004 was another strong year for most of Europe’s housing markets, and there seems to be ‘little chance’ of any of them crashing this year. Spain, France and Ireland enjoyed double-digit rates of house price growth. For more information or to view the full report visit www.rics.org

Spain

Prices rose by around 15% last year and the Spanish boom now surpasses that of any other EU countries. Premier can offer expert guidance to specialized  investment products. 

Sweden

House prices rose by around 8% last year, but in recent years there has been a ‘notable downward shift’ in price growth.
Portugal
Prices rose by around 7% in 2004, following a 10% rise the year before.

Italy

Prices rose about 6% last year following an 8% rise in 2003. Price growth has been concentrated in the more dynamic cities and regions like Rome or Milan.

Ireland

Ireland’s boom shows no sign of halting with price rises still in double figures in 2004, though the report says property values are probably set to peak in real terms.

Greece

Property values fell by around 4% last year, but the report says that this fall should be treated cautiously as the data refers to Athens only. Greece had enjoyed several years of booming prices until mid-2003.

Germany

The German housing market, like the economy as a whole continued to be flat in 2004, meaning there are plenty of bargains to be had.

France

Prices in France have been rising continuously for eight years and jumped above 15% in 2004, with strong rises in the Paris area and Mediterranean regions.

Belgium

Prices rose around 8%-9% in 2004.