False fears over Spanish property 'caused by misrepresentation of stock market crash'
Fears surrounding the health of the Spanish property market have been overplayed because of misrepresentations made over a recent stock market crash with some Spanish-based property firms, according to an expert.
Last month some property companies in Spain saw their share price collapse, prompting concerns over the prospects for the Spanish property market - although the Spanish government denied that a property market crash was imminent.
Writing for Spanish property blog Nubricks.com, expert Mark Stucklin explained that a housing market bust in Spain "is not the truth" and has in fact been caused by "misrepresentation".
Additionally, further worries regarding land-grabbing and corruption have also been exaggerated, he stated.
"I would argue that a lot of it is pretty over hyped, but hasn't helped to encourage people to invest their life savings in Spain right now, which undermines a very strong desire - especially amongst British buyers - to buy property in Spain," explained Mr Stucklin.
Recently, property analysis firm Property Secrets claimed that the Spanish property market has entered a "new cycle" of maturity.
< Back to latest news