- August 2008
- New rent formula confirmed for property in Dubai - 20-08-2008
- Moroccan Sands to bump Moroccan Property into the Premier League - 20-08-2008
- Major development within Dubai Waterfront and Dubai Maritime City - 19-08-2008
- New Flights to Hurghada, Hotspot in Egypt - 19-08-2008
- New plans for hotels in Bangaluru and Goa and projects in Morocco by East India Hotels Ltd - 18-08-2008
- Sheffield's Real Estate contract awarded to Tepe Akfen - 18-08-2008
- Increasing Tourism to Egypt Causing Property Investment Boom - 15-08-2008
- Forty Percent Increase in Property Prices in Dubai - 15-08-2008
- Optimistic view of the Dubai property market - 14-08-2008
- Morocco Becoming A New Property Investment Hotspot - 14-08-2008
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SPAIN STILL HAS INVESTMENT OPPORTUNITIES
Wednesday, 02 Apr 2008
The slowdown in the Spanish market could create new investment opportunities, a newspaper has suggested.
UK-based publication the Independent said that some property buyers are being deterred by issues such as the falling rate of house price inflation in Spain.
According to the Royal Institution of Chartered Surveyors, the market expanded by just three per cent last year.
However, the Independent has expressed optimism and said this downturn will not last forever.
Furthermore, it stated that many sellers are putting properties on the market at relatively low prices, which means that when the market picks up again, those who snap up bargains now could stand to benefit the most.
The Independent commented: "As prices fall, they must eventually level off and then the worst time to buy suddenly becomes the very best time."
Prospective buyers of Spanish property have therefore been encouraged to carry out research into how much real estate agents in the country are slashing their prices.
Property Select offers a comprehensive selection of overseas property in Spain, news, members club and reviews of the latest property developments.
You might also like to read:
- First-time buyers look abroad - 04-04-2008
- Expats seek reduced living costs - 03-04-2008
- Airport to trigger growth in Spain - 03-04-2008
- Rental buyers urged to consider investment prospects - 02-04-2008
- Mainland Europe opened up to north-west England - 01-04-2008
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