Next stop… Spain
The extraordinary turnaround in sentiment towards Spain is one of the
most remarkable property stories of this year’s Emerging Trends Europe.
Within weeks of the country’s bad bank, Sareb, opening for business last summer, the
rush of opportunistic investors into Madrid and Barcelona had turned into
a veritable stampede.
By the autumn, Spain’s transformation from property pariah to star market was complete.
By all accounts, the revival is expected to continue in much the same vein in 2014.
“As we have seen with Ireland, 24 months ago no-one wanted to know.
Now it’s the darling of the market,” says one interviewee.
“There is way too much capital chasing product in Ireland and that’s why Spain will also recover because all the investors in Ireland have moved down to Madrid.”
This information has been confirmed by http://www.geehomes.com.
