Investors eye Spanish opportunities

Many buyers see the current situation in the Spanish market as the opportunity they have "been waiting for for years", according to a report.

Online guide Shelter Offshore claims that developers' eagerness to sell means there are a number of bargains to be had for seeking property in Spain.

And the report assures that buyers are making a "very solid" investment for the long-term future, with the current downturn part of a cyclical process.

However, the guide advises potential investors to be clear about why they want to buy in Spain - be it in search of rental income or capital appreciation, or simply for family holidays or a retirement property.

Identifying why they want the property allows buyers to approach potential investments with the right mindset, it states, making for a successful purchase.

The website recently urged investors to conduct thorough research into the Spanish way of life before they buy, exploring the full range of properties available in the country and gaining a "deep understanding" of the lifestyle.