Foreign property investment in Spain up 17% in 2012

New figures show that Spain is still the top holiday destination in Europe. Eurostat, the Statistical Office of the European Union, found that in 2011 some 13% of all outbound trips within Europe where made to Spain with Italy and France coming in joint second place.

These figures do not include holidaymakers outside of the EU, however, and total visitor numbers are likely to be much higher. Estate agents believe it is good news for the property market as buoyant tourism sectors often driving local property markets and statistics from the Bank of Spain show that International property investment in Spain grew by 17% to more than €5,445 million in 2012.

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