Spanish market 'ideal for money transfer'

The Spanish market is ripe for investment again and now could be the ideal time to make a money transfer to buy property in the region, it has been claimed.

According to online overseas property resource Nubricks.com, big reductions in property prices are increasing interest in Spanish homes, providing an opportunity for people transferring money to Spain.

"Spain was already in its property recession from about 2005, when it started to collapse," said Adam Samuel, director at Nubricks.

He explained: "Although, in the UK, the economic crisis is being brought to the forefront of the media...Spain has already been there for a while."

Mr Samuel added that people looking for bargains when making an international money transfer could do well out of the Spanish market and make the most of their investment.

Recent statistics from PropertyIndex.com found that searches on their site for Spanish property increased by 121 per cent over the last year.

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