Italy and Spain in demand

Property in Spain and Italy is likely to remain in demand as investment, especially in the out of town property sector.

Although much of the property market has cooled in Europe due to the credit crunch and the turn in the economy here, some areas are still investment hotspots for investors and developers. Large countries such as Spain and Italy are set to see growth in specific sectors such as the out of town property sectors.

According to Daniel Lucht of Verdict Research and author of a report providing this information, "Both markets are currently in a catch up phase and especially attractive to retailers and developers."

Between 2007 and 2012, the Italian out of town property sector is likely to see a growth rate of 46 per cent. The Spanish market will also be strong in this sector with a 25 per cent growth over the next five years.

The report does note that there is some sign that Spanish property in this sector will slow down, with some signs of this happening already, though the long term growth potential looks positive.

In other areas of Europe such as France, Germany and the Netherlands will see steady growth as well, but at a slower rate. Here there is much less room for property growth to be had.
Key investors who are likely to take advantage of this are UK investors looking for second homes as buy to let opportunities or even to emigrate during retirement years.

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