Spanish home sales rising

 

Expatriate insurance customers might be interested to learn that sales of Spanish property climbed by 5.9 per cent in 2010.

This followed three years of sharp decline as the country's real estate market collapsed amid the economic crisis.

The news comes from AFP, which reported that the Spanish government believes the economy will benefit from the boost.

At the moment, the government is struggling to convince nervous investors that it will be able to bring its budget deficit under control without resorting to a Greek or Irish-style bailout.

In the meantime, property prices remain low as the market comes to terms with an excess of stock.

Expatriates considering buying up a cheap property in Spain might want to look at their things to consider when moving abroad.

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