Wednesday, May 26, 2010
property in spain
As a result of the recent property slump in spain and factors including the fall in the €uro to the pound we have many clients that are selling up and moving back to the U.K.
A big cause of the property slump in spain is that many people have been forced to sell their homes at a loss or just to cover their morgage values due to lack of income, job loss or their pensions are not covering morgage payments because the euro has been 1-1 on the exchange rate.
However their loss is your gain, as they say. As the prices they are asking for their properties are often far less than the market value or less than they bought the property for in the housing boom .With house prices in Spain now selling for the same prices that they were in 2000
Property analysts in spain are now predicting that by the end of 2010 house prices in spain will be on the increase. Plus the Euro has weakened in recent months giving a better exchange rate for foreign investors.
The best time to buy any property is when the property market has bottomed out and every indication shows that the property market in spain will pick up towards the end of 2010
Its time to buy back into Spain and grab yourself a bargain holiday home or that dream retirement home
Visit Property in spain by Swingles Casas WEBSITE LINK
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