Property prices in Spain have never been so low for half a decade and it’s safe to say that now is the time to buy because it won’t be long before the property prices start to climb back up.
Russian, north European and, lately British buyers, are taking a new look at the many bargains from Spanish bank repossessions and distressed sellers and sales are running at 1,000 homes a day.
Brits and Russians are fed-up of the way things are going domestically with their Governments helpless to stop the job and pension losses and decline in standards of living. Many people have had enough and are looking for that traditional antidote of Spanish sun, sand and sangria with a fresh tonic of legal property bargains.
As the UK fills up with immigrants (legal and otherwise), many of whom are looking for that free house and hand-outs from our over-generous, afraid-to-upset-anyone Government… some Brits are desperately trying to get out. They have seen the Government-generated debts being clocked up on Sky News screens at a terrifying rate of £150 million a day and the IMF warning of a total of £140 billion needed to be repaid at some stage in the future.
UK property values are down nearly two percent a month, year on year which is reflected in shrinking spending power and savings of your average British family. Pensions, funded by shares values, have plummeted by half and the McBroon Government state pension increase this week is “like spitting in the wind”, said one poor pensioner. Where’s the interest on savings from the useless banks that probably caused the recession in the first place?
Anyone with equity in their UK property or people with a decent amount of savings should be looking at the option of buying property elsewhere. Spain at the moment is starting to become the favourite once again!
So if you are unsure about you future in the UK, start looking for Spanish property - now is the time to buy, don’t wait too long before you visit this website for some great bargains.
Showing posts with label distressed sellers. Show all posts
Showing posts with label distressed sellers. Show all posts
6 April 2009
1 September 2008
The rain in Spain falls mainly on Britain
As Britain soaks through summer and the property market mires, the weather in Spain is hot and sunny and the bars and beaches bustle with relaxed holidaymakers...
Many of the tourists hail from Britain, as Spain remains the most popular holiday destination for the 25th year in succession. The same can be said of the Spanish property market. More Brit ex-pats own property and want to own than there are from any other country.
As today marks the start of the Spanish property buying season, many of the Brits will be tempted away from the Costa beaches to investigate some of the bargain apartments and villas in the resort were they are staying.
They will find key ready and resale bargains everywhere in the new hunting grounds of dash for cash developers and distressed sellers facing higher mortgages or off-plan property contracts they cannot afford due to the credit crunch.
Developers and private vendors who are keen to sell property in Costa Del Sol and Costa Blanca will be more realistic about pricing, maybe even accepting an offer at price levels not seen for three of four years in these high demand areas.
One of the affiliates of www.propertyinspain.net is Paul Rossiter, Managing Director of Costa del Sol based specialist land and self-build agency, Carrington Estates. He says: “I think the bottom end of the market, the ’stack them high, sell them cheap’ identikit market has had a big wobble, but conversely, the top end villa market has remained steadfast. Even when Spanish property stocks took a pounding in April, with shares in freefall overnight, there was still no knock-on effect to this sector of the market.”
Mark Stucklin, of the website www.spanishpropertyinsight.com has a final piece of advice for those heading to Spain or those leaving the playa to look for property: “If you do your research, and take your time, you can find great value property in Spain today. But remember that good value is not the same as cheapness, and be prepared to pay a fair price for good quality.”
Many of the tourists hail from Britain, as Spain remains the most popular holiday destination for the 25th year in succession. The same can be said of the Spanish property market. More Brit ex-pats own property and want to own than there are from any other country.
As today marks the start of the Spanish property buying season, many of the Brits will be tempted away from the Costa beaches to investigate some of the bargain apartments and villas in the resort were they are staying.They will find key ready and resale bargains everywhere in the new hunting grounds of dash for cash developers and distressed sellers facing higher mortgages or off-plan property contracts they cannot afford due to the credit crunch.
Developers and private vendors who are keen to sell property in Costa Del Sol and Costa Blanca will be more realistic about pricing, maybe even accepting an offer at price levels not seen for three of four years in these high demand areas.
One of the affiliates of www.propertyinspain.net is Paul Rossiter, Managing Director of Costa del Sol based specialist land and self-build agency, Carrington Estates. He says: “I think the bottom end of the market, the ’stack them high, sell them cheap’ identikit market has had a big wobble, but conversely, the top end villa market has remained steadfast. Even when Spanish property stocks took a pounding in April, with shares in freefall overnight, there was still no knock-on effect to this sector of the market.”
Mark Stucklin, of the website www.spanishpropertyinsight.com has a final piece of advice for those heading to Spain or those leaving the playa to look for property: “If you do your research, and take your time, you can find great value property in Spain today. But remember that good value is not the same as cheapness, and be prepared to pay a fair price for good quality.”
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