Spain property popular despite market slowdown

A recent drop in the rate of house price growth in Spain is not impacting on its appeal to foreign property investors, an expert has claimed.

Richard Exton from Barclays stated that the European country was continuing to remain a popular option among property buyers from the UK.

However, he told the Sunday Herald that investors were increasingly choosing to look at different parts of Spain instead of the more established markets.

Mr Exton commented: “What we are seeing is a change in the traditional locations – that’s why the focus has shifted to quality in regions like Murcia.”

He added that this region was popular because it was not as developed as other parts of the country, such as the Costa del Sol.

Furthermore, he said that “discerning” buyers were opting for locations that offered good quality housing, amenities and quality of life.