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Real Estate Prices Go Into Freefall
Recent research from varying organizations around the world shows an alarming drop in property prices, not just in certain countries, but around the world. Current price falls are causing lenders to rethink their strategies. The decrease in the price of property worldwide could mean good news for investors.
Tenerife's Upmarket Property
Traditionally known as a cheap holiday destination, real estate on the island of Tenerife is now becoming very much in vogue, with prices gaining pace.
Canary Islands Real Estate - Good For Investment In 2008
Real estate prices in Spain have increased faster than inflation in recent years, but the Canary Islands of Lanzarote and Tenerife still offer good value and the prospect of rising values in the medium and long term.
Tenerife Property On The Rise For 2008
Spain's Tenerife property prices rose by over six per cent in 2007, with many owners buying then relying on renting to holidaymakers to pay the mortgage.
Would investing in Tenerife property make sense in 2008?
Rising 2008 Real Estate Markets
During an economic downturn where property prices are falling, some areas seem immune and real estate prices continue to rise.
Some areas that could see property inflation this year include the Spanish island of Tenerife.
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