Spain’s property market to top IMF table following growth in UK and Swedish buyers
Figures from the Organisation for Economic Development (OECD) reveal UK buyers accounted for 21% of sales last year, while Swedish sales increased by 220%, accounting for 6%.
The statistics show that it is still possible to acquire a bargain in Spain, with property undervalued by 26%.
In contrast, the UK and Swedish markets were overvalued by 7% and 114% respectively.
“The Spanish housing market has experienced an encouraging start to the year and with an increasing number of overseas buyers looking to Spain, I would expect this positive trend to continue during the coming months,” said Marc Pritchard, Sales and Marketing Director for Taylor Wimpey España.