Spanish property now comes at a big price
Published / Last Updated on 01/09/2008
Spanish property now comes at a big price
Experts have claimed, Spanish property buyers need to be prepared to keep their investments “long-term” in order to make money from the ailing property market. Developers Martinsa Fadesa called in receivers recently and sales to overseas buyers across Spain have plummeted around 50 per this year.
Our warning is simple, if you planning to buy in Spain, you need to have a sizeable deposit as lending is not as fluid as it was. You will also need to buy wisely as there are many areas that are just not going to grow in the next 5 years or so.
We have been advising in Spain more a number of years and there are properties still for sale that were for sale 5 years ago, and no these are not tucked away run-down fincas, these are beach front classic rental market property.
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