Spain – If you don’t ask you won’t get
The Spanish property market is rapidly being seen as a lucrative source of investment, this is amidst news that the UK economy appears to be recovering a lot quicker than the economy in Spain.
Property prices in Spain may have a little further to fall, but for the investor who thinks long term property in Spain even now represents very good value for money.
Anyone selling a property in Spain will tell you just how little interest there has been, and how much prices have had to be reduced. The market is currently squeezed with vendors & developers who can’t sell, and a mountain of property to shift.
UK property market is seeing increased activity with low interest rates, & reasonable salary multiples, and once again people are seeing property as quite a safe investment.
With this outlook interest is again pointed towards Spain & current bargain prices are working well against any fears investors have over the value of the pound against the euro.
The advice for the brave investor making an offer is to ask. You’ll never know what kind of amazing deal you might get if you don’t.
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Published: 15-Oct-09