Swedes buy twice more property in Spain

15.06.2011  from www.top-casa.com

According to official figures of the Spanish authorities, in 2010 Swedish buyers purchased 105% more properties in Spain than in 2009.
Experts of the Spanish property market explain it primarily by decline in the prices of Spanish property. And now that is the best time to buy property in Spain. Real estate prices won’t show large correction in 2011 and the maximum deviation in one direction or another won’t amount more than 3%. Recall that in some areas of Spain property prices fell by more than 30%.
 
Experts also explain such activation of Swedish buyers by strengthening the local currency against the euro. Due to the exchange rate, Swedish consumers save extra money on purchasing. In addition, Spain has always been the most popular tourist destination in Sweden and the Spanish real estate ranked first among preferences of Swedish foreign property buyers. In Spain it is easy to get to Sweden by plane, it does not require much time and money, which is important factor for the Swedes.
 
However, the interest of Swedes to real estate in Thailand, which is popular among Swedes, after Spanish, declined significantly last year.