bank repos in spain distressed properties in spain spanish properties for sale spanish property repossessions a
It may be true that there is a glut of property for sale in Spain at the present time. Thousands of unwanted properties litter the Spanish costas, bought up by eager investors during the boom years, fuelled by expectations of rising prices and cheap finance.
So you would think that there is more than enough Spanish properties for sale to satisfy the current demand…and let´s face it, although that demand is picking up, there aren´t exactly hordes of eager buyers battering down estate agents´ doors just yet!
But this is where the whole thing gets a bit messy. The problem is that everyone is after the same thing. Not quite ´everyone´ of course, but after analysing the recent enquiries from our website, there is a definite trend.
Most buyers now have a set of criteria that looks something like this:
- Minimum 3 bedrooms
- Walking distance to the beach
- Walking distance to bars and restaurants
- No more than 1 hour from an airport
- Must be a great deal
Of course, the budget varies, but more often that not, the other criteria are fairly constant.
Whereas in the boom years, investors were buying up 2 bed apartments in the middle of nowhere in their droves, just to get themselves on the Spanish property ladder, nowadays buyers are rightly taking a longer-term view, and investing primarily for lifestyle reasons. And that means family holidays, so enough space for the kids and friends, being able to stroll out for a pizza, and taking a cab from the airport for those who don´t drive.
So if you are looking to buy a 3 bed property in Spain, within walking distance of amenities and the beach, expect some serious competition.
share your opinion 
