Property Prices in Spain Predicted to Stay Low for 2011
11 January 2011
If you are considering investing in a holiday home aboard, property experts are suggesting that you look to Spanish property for sale as it is estimated to remain low in the foreseeable future. House prices in the beautiful Mediterranean country are very affordable at the moment and they will stay that way for a while, giving investors time to shop around and find the cheapest deal on the absolute best property.
According to the latest figures, the price of the average Spanish property for sale has dipped by nearly 2.2% in the third quarter of 2010. If the pound continues to strengthen against the Euro, this will provide a fantastic opportunity for British people to invest in overseas property. At the moment, due to the abundance of repossessed properties as a result of the economic recession, homebuyers can pick up some real bargains on Spanish property for sale. The low prices can also be attributed to the huge amount of homes on the market at the moment.
Several property investors are using bridging loans, which allow them to decide fast and snap up available properties, and then arrange more traditional mortgages later. Most overseas property investors think of Spain as a perpetually safe destination for buying holiday homes, because it will always be a sunny and attractive location for Brits and it has survived through other bigger price drops. It is quite safe to say that a good investment on a quality Spanish property for sale will bring you a return on your investment.
If you are looking to invest in a house in Spain, 2011 will be a good time to do so. It is best to invest now while the prices are low so that you can see an appreciation of your assets when they begin to rise again.
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