The Spanish Property Market
0 Comments Published by Property Finder Online on Wednesday, May 9, 2007 at 5:30 PM.
Is Spain still the place to invest?
The answer is yes, but in the right area!
Prices in some parts of Spain are decreasing due to an over build of poor, and often unattractive, new homes.
Recent press reports, suggest that the Spanish property market is due to fall by up to 25 per cent in certain areas.
The problem is a result of developers building too many homes in coastal regions popular with the majority of the 700,000 Britons who own there.
"More than 800,000 homes were built in Spain last year."
On the West coast of the Costa de Sol, in areas like Marbella and Fuengirola, price falls have become commonplace. Property values have dropped by 10 to 20 per cent because of a glut in every complex. It's at all levels of the market, cheap or dear.
But it is not all doom and gloom!!
Most property experts say the market for traditional classic Spanish white villages East of Malaga, and for apartments in areas such as Granada, Costa Tropical and the Sierra Nevada, remains strong.
In these locations, demand far exceeds supply and prices are comfortably rising!!
Unlike the Spanish housing crash of the early 1990s, when demand evaporated because Britain's housing market fell and people didn't have the money to buy, demand is still quite high today.
That is why buying in the right area in Spain is still a very good investment!!
For more information relating to the Spanish property market, contact us for advice and guidance.
Call 0034 952 52 5854 or Email info@propertyfinder-online.com
The answer is yes, but in the right area!
Prices in some parts of Spain are decreasing due to an over build of poor, and often unattractive, new homes.
Recent press reports, suggest that the Spanish property market is due to fall by up to 25 per cent in certain areas.
The problem is a result of developers building too many homes in coastal regions popular with the majority of the 700,000 Britons who own there.
"More than 800,000 homes were built in Spain last year."
On the West coast of the Costa de Sol, in areas like Marbella and Fuengirola, price falls have become commonplace. Property values have dropped by 10 to 20 per cent because of a glut in every complex. It's at all levels of the market, cheap or dear.
But it is not all doom and gloom!!
Most property experts say the market for traditional classic Spanish white villages East of Malaga, and for apartments in areas such as Granada, Costa Tropical and the Sierra Nevada, remains strong.
In these locations, demand far exceeds supply and prices are comfortably rising!!
Unlike the Spanish housing crash of the early 1990s, when demand evaporated because Britain's housing market fell and people didn't have the money to buy, demand is still quite high today.
That is why buying in the right area in Spain is still a very good investment!!
For more information relating to the Spanish property market, contact us for advice and guidance.
Call 0034 952 52 5854 or Email info@propertyfinder-online.com
