something positive in the Valencia property market?

With all the negative shots aimed at Spain over the year or so it is good to hear something positive at last. Madrid´s `El Mundo´published the following interesting statistics on 18th Feb:

Foreigners (yes, we English are also foreigners!) spent 5.241 million Euros on purchasing property in Spain last November compared to 4.214 million Euros in November 2006. This means an increase of just over 24%.

Total property sales in November were 520 million Euros whereas in November 2006 it was 374 million, giving an increase of 39%.

Rents are also still growing with 3.5% increase in Valencia in January.

While estate agents smiles have faded as much as their tans this winter as the market wound down and even stopped for some, there is at least a ray of sunshine beaming through. As these figures show that there is still confidence in the property market in Spain.

Put on your sunhats, slap on the sun cream and enjoy! Happy 2008 to you all!