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Europe: Property price gap narrowing but sunny Spain still favourite

Posted on 09 November 2010

From Euroweeklynews.com: The Spanish climate and quality of life are priceless, but when buying property purely as an investment price matters. The Nationwide says house prices in the UK must drop by 20 percent to make homes affordable.
If the trend increases it will reduce the difference in Spanish and British house prices, potentially making the difference that made Spain an attractive property investment disappear. Yet, the overseas property exhibition ‘Place in the Sun’ at Birmingham’s NEC last month produced interesting results……………………………………….Full Article: Source


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