What crisis?

Spain had almost 60 million tourists in 2007 the highest number ever. It is confidently expected that this number will be increased during 2008. Trends come and go but Spain and it's islands, particularly Tenerife, will continue to be in increasing demand. Invariably, property investers in Tenerife have already visited the island at least once as tourists.
The market is all about confidence and recently people have been talking themselves into a crisis without any real foundation for this prediction that sometimes can be self fulfilling. In Tenerife such places as:

• Playa de las Americas.
• San Eugenio.
• Torviscas.
• Fañabé.
• Playa Paraiso and
• Puerto Santiago (Balcon de los Gigantes!)

continue to be very much in demand. There is a short term surplus of supply over demand just now that make it a buyers market. This situation won't prevail for long, however, hence now is the time to purchase a holiday home or a retirement home or any other property investment in Tenerife whether it be a seaside apartment or a detached villa or a local: shopping unit.
The bank of England is likely to lower interest rates yet again in the very near future and the relative strength of the Euro is merely a short term phenomenon. At the end of the day the exchange value of any currency will be determined by it's internal purchasing power i,e. the state of health of it's ecomomy.
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