3170 millions of euros have been invested by foreign companies in Spain in the building and real estate businesses.
75 transactions have been made by foreign companies and investment funds in building and real estate companies from early 2007 to May 2008, according to a survey made by 'Construcción Alimarket', and made public by Europa Press.
71% of those acquisitions was made since last quarter of 2007, when the crisis was made evident
Just three of those transactions were for residential estates and just one was made in a company in a bad financial situation.
The goal of those transactions are therefore , not the aid of the spanish economy but the good perspectives of growth of those companies, which turns them in a good investment for the foreign investor.
( a Free translation from Cinco Dias, 15-06-2008)
Indians ..... are......coming!!!!!!
By Maria L. de Castro
web@costaluzlawyers.es
www.costaluzlawyers.es
|