Spain still has investment opportunities

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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.

Spain still has investment opportunities

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.

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