property market Marbella

Spain, sun, sea, sand and…Scandinavia!

Spanish property particularly has become a very attractive option for foreign buyers as it is expected to offer good returns over the next 5 to 10 years.
The charge to buy up property is being led by the Scandinavian market. According to Fastighetsbyrån, part of Swedish banking group Swedbank, the number of Swedish buyers of Spanish property has risen by 138% over the last four years, closely followed by Norwegians at 108%. The strength of the Swedish and Norwegian currencies, current low Euribor rates and Spanish banks applying bottom line pricing to their property portfolios, has spawned a mini Scandic rush to invest in high end properties in prime areas like Marbella……