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Long term rental market in Spain is ''Superb''

18th May 2007: Costa de la Luz Property News

Spain still represents a good long-term investment, especially when it comes to the rental market, one expert has said.

Tim Hodges, local director for the County Homesearch Company in Spain, told news provider ‘About Property’ that rental returns for holiday lets are ''superb''.

He attributes this to low interest rates and an increasingly liberalised Spanish mortgage market, while rules over illegal and low-quality builds are being tightened.

''Spain continues to have the best climate in Europe, excellent health service, frequent cheap flights and a welcoming approach to other Europeans. Now could be an excellent opportunity for foreign investment''.

His remarks follow concerns that over-investment and excessive supply in the Spanish property market has prompted a price correction, which could cause problems for short-term investors.

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