The diversity and attraction of the Spanish property market, coupled with lower prices, has brought confidence flooding back
From boom to bust and back again? Not quite – the current upturn in Spain’s property sector looks like it has legs and, rather than inspiring a tidal wave of ‘me too’ markets like last time (Bulgaria, Dubai – we’re looking at you), currently stands alone as the best value property market in Europe.
The halcyon days of the early millennium propelled Spanish real estate to heady heights, with the sector accounting for 18 per cent of the country’s GDP in 2007. Back then, the market generated €30 billion every year; today, the figure stands at barely a tenth of that…