Chinese workers buying more property in Spain  

西班牙房价降幅达50% 华人打工阶层掀买房小高潮

据西班牙欧浪网报道，经济危机和欧债危机导致了西班牙房产泡沫的破灭，自2008年以来，西班牙境内的房产全线降价，平均降幅达50%左右。在“清仓甩卖”的房产里，有顶级公寓，也有度假别墅，房产广告铺天盖地，市场上掀起了购置房产的小高潮。[查看全文]

(ECNS) -- As property prices in Spain bottomed out and became stable, Chinese workers there are getting active in purchasing real estate, according to the Chinese language website www.eulam.com.

Fang Long, general manager of a real estate agent in Madrid, said before 2008, most of the Chinese buyers in Spain were shop owners or entrepreneurs, but now the majority of buyers are workers.

The most popular properties are about 100,000 euros, and located at low-end areas such as Usera, Vallecas, and Carabanchel, Fang said.

Transportation convenience is a big factor, Fang added. Properties close to subways or bus stations are quick sellers.

Properties in Spain have experienced an overall 50 percent price cut since 2008 due to the financial crisis.