Spain property could be set to improve following the global economic downturn that has impacted on prices over recent months.

With the global recession affecting property prices the world over, a recent report from property consultants CB Richard Ellis could provide some positive news for people looking to purchase Spanish property.

The survey suggested that Spain is becoming a hotspot for commercial property, reports Property Wire, meaning the country could be a magnet for new businesses and increase the number of job opportunities available.

Such a development could bring an increase in the number of British people choosing to seek out Spanish property and get a job in the country.

The report stated: "There has been a lot of interest in the properties that we have been marketing. We saw a significant increase in activity in July."

Meanwhile, the value of Portugal property could increase by as much as 75 per cent over the next five years, it has been claimed.

Write About Property reports Frank Crowley, a director of Azure Overseas, believes Portugal’s ‘silver coast’ is ripe for investment and could become as popular a destination with Britons as parts of Spain have been in previous years.

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