Despite a slowing Spanish property market and gloomy predictions for 2009, those buyers that are keen to invest in a property in Spain are all looking for 2 things – the best location and value for money.

Some of these clients are expecting that they will be able to purchase beach properties in Spain at bargain prices, but buyers need to be aware that those vendors offering beachside properties for sale are fully aware that they are sitting on premium stock. Bargains are few and far between, based on the premise that development along Spanish beaches has already ground to a halt, mainly due to increasingly stringent environmental laws. With no more new beachside stock likely to come on to the market anytime soon, this means that vendors can afford to keep their prices high, knowing that although it s taking longer for properties to sell, eventually a well-located, fairly priced beachside property in Spain will be snapped up.This is why the developers of the stunning frontline beach development of Los Granados del Mar in Estepona on the Costa del Sol are reluctant to offer buyers any form of discount. Whilst this may startle some prospective buyers, the developers are adamant that clients will already be buying at a great price. With three bed key-ready apartments with 210m2 and sea views starting at 760.000 euros, the developers can point to resales within their previous project in Cabopino being successfully marketed at higher prices. Therefore, their reasoning is that the higher spec and larger size mean that prices are fair enough already. With 80% of the project sold, the developers can afford to sit on the stock and play the patient game of waiting for the discerning buyer to turn up.