Spain still tipped to be a bargain buy for UK investors in 2016

The property market in the UK is going through a dilemma. Property prices in London are being bought up by cashed-up foreign investors and it is pricing locals out of the market.

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The starting prices for 1-bedroom properties within London start from £270,000 and for a 3-bedroom property, the price could start from £600,000. Given that the minimum deposit most people would need would be around the 20% mark, they would need between £54,000-120,000 plus additional budget for legal and real estate fees. Over the course of a 30-year mortgage, Londoners would be scraping their pennies together for a sun-kissed holiday, as well as hoping that they will profit from the equity gain in their property.

See more at: http://realtybiznews.com/spain-still-tipped-to-be-a-bargain-buy-for-uk-investors-in-2016/98732568/#sthash.xJAWyJtq.dpuf

Source: www.realtybiznews.com

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