New markets 'no match for Spain'
A number of emerging markets are so far not proving to be realistic competition of already established markets such as that in Spain, according to HiFX.
The body said that traditional areas are still attractive propositions to property investors, reports Homes Worldwide.
Moreover, the company claimed that buyers should head inland from the coast, as properties in non-coastal areas may offer better returns.
HiFX official Mark Bodega said that buyers should carefully consider what they are buying and weigh up the present market situation before making an investment.
"Cut through the current hype and think carefully about the property you are buying in order to make the most of the current market conditions," he told the publication.
He added that there is still a lot to offer in the country despite over supply in a few areas. Existing value should also be maximised, Mr Bodega said.
In related news, the organisation recently claimed that property markets in Europe are "booming", citing figures from the Economist Intelligence Unit.
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