The property market in Alicante is holding up much better than other areas of Spain, it has been stated.

While sales are lower in the Costa Blanca property market as well as that for Spain as a whole, Alicante has seen a much smaller fall than larger centres such as Barcelona, reports Costa Blanca News.

Ministry of housing figures for the first quarter of 2008 show that the number of transactions in Barcelona, which at five million has a much larger population, was only 700 more than in Alicante.

Those who do invest may find they do so in a market that will soon rise again, as the paper also noted that a recent Barclays report has found considerable pent-up demand from Britons.

Barclays concluded that 800,000 potential UK buyers are keen to invest in Spain, but are waiting for a market upturn before they do so.

One factor that may influence more people to invest in the Costa Blanca property market and other Spanish property is the perceived advantage of property as an investment over stocks and shares as markets around the world plunge following the Lehman Brothers collapse.

Russians are increasingly abandoning their fast-declining stock market and buying more property in Spain, Property Wire has revealed.

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