Spanish property winter warmers

While Britain feels the chill in every sector, including the weather that has knocked more billions out of the economy, Spain is now being widely seen as the best place for bargain properties among hard-pressed Brits.

With uncertain futures thanks to the McBroons blunders and little sign of recovery, many UK residents plan to vote with their feet and many of them before the next general election that might finally sweep away the McBroon legacy.

The Spanish economy is regarded by commentators as in a better state than that of the UK, the weather offers 300 days of sunshine every year and property bargains are up to 50 percent down on the peak and now at the level of 2003. Even factoring in the sterling exchange losses, that’s still enough of a bargain to go for.

Having a property asset in the world’s strongest currency can be beneficial and for savers being offered a paltry 0.75% by some UK savings organisations, the thought of a juicy 6 percent interest from stronger Spanish banks is already tempting some Brits. The first of these deals, from La Caixa, is about to become over subscribed.

Brit and other north European property buyers are doing their research carefully on the specialist online sources of Spanish bank repossessions and must sell property in Spain and cannot quite believe they can buy a modern apartment within walking distance of the sea for EUR 35,000 and have a panoramic view of the sparkling Med if they opt for another bargain at EUR 55,000.

Three bedroom villas with swimming pools on golf resorts start at EUR 190,000 as hard-pressed owners and developers join the dash for cash.

These are many other bargains can be found at the highly rated website http://www.propertyinspain.net/ where buyers are provided with honest answers and immediate access to Spanish partner banks willing and able to provide generous mortgages to Brits with an eye for these Spanish property winter warmers…