With the Irish financial crisis looming over Europe, you will probably be thinking is Spain one of the next countries to seek financial support from the EU? Is it safe to invest in the Spanish Property market? In short the answer is yes.
Spanish house prices have fallen dramatically over the past two years, and now potential property buyers with enough capital behind them are taking advantage of the low prices and bagging themselves a bargain. The new development construction industry has long come to a halt allowing the resale market to recover and see marked improvements in sales right along the coast – the main buyers coming from northern Europe and the Spanish themselves has carried the burden of the downturn in the worldwide economy for property in Spain.
Most areas have now bottomed out in terms of reductions, the Spanish Prime Minister also not long ago announced that the Real Estate sector had hit its lowest prices and that there were marked improved in some Spanish regions, properties on the Costa Blanca have shown a large increase in sales due to the cheap prices, so now is the time to step up your search if you want to get on to the Spanish property ladder before prices begin to rise again.
There are however, many sellers in need of a quick sale, distressed Spanish properties, and many bargains available on the market, but be quick because they will not be around for long!
Tags: cheap, spanish, property, torrevieja, costa blanca, spain, for sale, Algorfa, Guardamar, Elche, Orihuela, Cabo Roig, Almoradi, San Miguel, La Siesta, Campoamor, La Zenia, La Marina, La Mata, Playa Flamenca, Punta Prima, Los Balcones, Los Altos, La Florida, Las Ramblas, Villamartin, Aguas Nuevas, Altos del Limonar, Blue Lagoon, Cabo Cervera, Calas Blancas, El Chaparral, El Limonar, Jardin del Mar, La Torreta, Los Dolses, Los Filipinas, Mar Azul, Nueva Torrevieja, Parque de las Naciones, Playa de los Locos, Playa del Acequion, Playa del Cura, Rocio del Mar, San Luis, Torreblanca, Torreta Florida