Two new truths boost Spanish property

Two new truths on the same day might be a shock to the system, but there is a link between them that British over-50s and retirees will be quick to spot.




Shock one came when McBroon, having denied for years that he was the architect of the UK’s fiscal meltdown as Chancellor and then Prime Minister, finally admitted he’d been too soft on the bankers and their antics caused the crisis.




Shock two was when Spain’s ultra conservative National Institute of Statistics (INE) revealed the first double digit growth in Spanish property sales for three years. Sales increased by 20% in February after a marginal 2% in January, a great boost for Spain’s main engine of economic growth.




As 60% of the sales were in second hand properties, it seems like the many Spanish bank repossession bargains are the main driver of this new-found market recovery. Other indicators also seem to point towards a slow but clear and steady recovery of the collapsed real estate market. Analysts expect the activity in the main second home markets to spread across Spain in future month.




So if McBroon was the architect of Britain’s fiscal disaster and ongoing hardships for families and the over-50s that’s not going to endear his party to the voters. However, the Cameroons haven’t announced any plans to help the over-50s recover from McBroon’s pensions raids, so a move to Spain remains a good hedge.




The high level of property sales in Spain suggests the prices are ripe and tempting for many 1,000s of buyers and specialists PropertyInSpain.Net claim current prices remain at their lowest for a decade in Spain.




Right now might be the opportune moment for savvy investors to grab a bargain property in Spain before they are snapped up by the more derring-do Scandinavian, Russian and Spanish buyers, who have pushed the sales to record levels so far this year…