SPAIN will top the International Monetary Fund’s property market table this year following mammoth increases in UK and Swedish investments.
Figures from the Organisation for Economic Development (OECD) reveal UK buyers accounted for 21% of sales last year, while Swedish sales increased by 220%, accounting for 6%.
The statistics show that it is still possible to acquire a bargain in Spain, with property undervalued by 26%.
In contrast, the UK and Swedish markets were overvalued by 7% and 114% respectively.
“The Spanish housing market has experienced an encouraging start to the year and with an increasing number of overseas buyers looking to Spain, I would expect this positive trend to continue during the coming months,” said Marc Pritchard, Sales and Marketing Director for Taylor Wimpey España.