Spanish government minister for housing Beatriz Corredor says that there are 600000 empty houses in Spain with demand running at 450000. She believes that now is an excellent time to buy as prices will inevitably rise at least in line with inflation.
Certainly property in Tenerife has never been more attractive as an investment due to the same supply demand imbalance.
She believes that house prices this year will rise at least at the rate of inflation.
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