3 Jun, 2016 @ 13:14
1 min read

Spain’s property market to top IMF table following growth in UK and Swedish buyers

recovery swedes
Swedish sales increased by 220%
Swedish sales increased by 220%
Swedish sales increased by 220%

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.

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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