It’s a buyers market in Spain, with a glut of investors and speculators desperate to sell – some prices are dropping so now is the time to grab a bargain…
Since 2002, the Spanish property market has been booming with professional off plan investors and enthusiastic amateur speculators buying up thousands of off-plan and re-sale property in any location. These investments offered a get rich quick, risk free, high return and many people have made a lot of money. However, due to the current global situation with increased fuel prices, the sub prime mortgage crisis and credit crunch, the market has temporarily slowed down, which has left many investors and speculators desperate to sell at reduced prices.
Experts predict that the property market is currently going through a period of adjustment and prices will inevitably rise again in the future.
A distressed property market always breeds a new kind of investor.
It is important to note, however, that not all properties are being heavily reduced in price as it purely depends on the vendor’s personal circumstances. Demand for exclusive properties in sought after locations and on developments with added facilities will always remain high.
If you are in the market for a holiday home or permanent residence here in the Spain, now is the time to grab that bargain.
We have property from sellers who have stretched their finances too far to be able to complete on a property sale through to clients that have a change in personal circumstances and require a quick sale to return to their home country.
In every circumstance, our aim is to create a win/win situation where the seller gets a quick sale and the buyer acquires a property at prices much lower than the market value.
Remember....Spain still is and will always remain a favourite place to live and visit, so buying here still makes a lot of sense.
The fact that the long term fundamentals of the Spanish market are strong makes buying in Spain at the moment a very attractive proposition. This combines well with the continuous rental demand by holidaymakers, helping investors get more out of their properties than in other places offering cheap deals.
Sellers, it´s a tough market but there are buyers looking to cash in on genuine bargains, if you need a sale, contact us to list your property.
For further informatain visit
www.distressedpropertymarket.com to find out more!!
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