Thursday, 26 November 2009

Spanish Property Buyers just need Finance

A survey, conducted in June this year among more than 6,000 people reveals that currently the major obstacle in buying a property in Spain was in obtaining financing.

In fact, 87% said it is difficult or very difficult to get a loan today, well above the European average 60%.

However, it also highlighted the fact that almost half of people polled said they have problems in meeting the payments on their loans and mortgages, compared with 24% of the EU average.

The poll also shows that only in England is there a greater desire to invest in property, with 63% of respondents saying they are interested in buying a property.

And more than a quarter of respondents, 28%, believe that buying a property will still give high returns on investment.

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