Spain best for investment
20 July 2007
A survey by GE Money predicts Spain will top the long term property investment league.
Spain is the best market for long-term property investment ahead of France and Portugal - according to GE Money Home Lending (GEMHL).
The lender interviewed 100 mortgage brokers asking for short and long-term investment predictions. Bulgaria was seen as having the strongest house price inflation over the next year, followed by Spain, Portugal, Romania and France.
Research showed that, overall, Spain still tops the list as the best long-term investment option. The lender advised agents and IFAs that findings showed clients are being influenced by a mixture of lifestyle and investment choices.
"Although new emerging Eastern European markets are looked upon as good short term investment opportunities, we can see that most Brits are looking towards their dream holiday home as a location they can retire to in future years and for ease of living whilst abroad," said Gerry Bell, head of marketing for GEMHL.
Best house price inflation – short-term v long-term
Over next 12 months
1 Bulgaria
2 Spain
3 Portugal
4 Romania
5 France
6 Florida
7 Croatia
8 Dubai
9 Italy
10 Germany
Long term
1 Spain
2 France
3 Portugal
4 Bulgaria
5 Florida
6 Italy
7 Romania
8 Dubai
9 Czech Republic
10 Croatia
Source: GE Money Home Lending