The great grandson of the founder of the business magazine Forbes, Miguel Forbes, considers it a good time for foreign investors to bet on the Spanish real estate market. “Property valuations and stocks are low, it’s time to buy,” he said.
In a presentation of Forbes magazine in Spain, the founder’s great grandson says he is confident the magazine will serve to better understand the success and recipes of millionaire entrepreneurs, such as Amancio Ortega, founder of Inditex (Sara shops and boutiques), who has recently appeared in third place in the annual list of the richest people in the world.
Editor’s note: It’s good to hear some positive news about property and Spain in general.
RELATED TOPICS:
- Foreign House Buyers in Spain up 28.4 pc in 2012.
- Spanish Property Prices have fallen 40% since the Peak.
Spanish property have stabilized in the last 1-2 years. It is believed that they have bottomed. So now seems to be the time to enter the market. Buy low sell high means you need to buy when everyone else isn’t.