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June 2, 2014

Spanish Property is one of the best priced in Europe !

Filed under: Property — Barrington Homes @ 10:33 pm

The Organisation for Economic Cooperation and Development (OECD) have assessed the value of housing in 27 member countries based on the ‘average wage against the long term property prices’ and also ‘property prices versus rent’ to assess the properties value as a business investment. Spain scored among the best on both counts and improved its score on 2013 results. Spains property market scored better than rival countries such as USA, Canada, Australia and New Zealand which we all over valued according to the report.

In the statement released by the OECD it also commented that “In Europe, strong house price growth is continuing in Germany and Switzerland, and has also resumed in the UK, even though prices there are already above longer-term norms relative to rents and incomes. Markets remain softer in other parts of the euro area, reflecting weak income growth and tighter financing conditions.”

The report is encouraging for anyone who wants to invest in the property market in Spain in 2014 as the prices are the most relative to the low Spanish wages and rental yield is still strong. For more information on bargain buy property in Duquesa take a look at Barrington Homes comprehensive guide.

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