bargain properties in spain buying property in spain distressed property for sale in spain properties for sale in spain 
A variety of well-regarded Spanish property portals and websites are reporting unprecedented levels of enquiries for properties for sale in Spain.
Although these are still hard times for most people in Europe, it seems that the dream of owning a property in Spain is still as strong as ever. This desire has also been fuelled by a raft of discounted and distressed Spanish properties becoming available, offering prospective buyers some of the cheapest prices and best value Spanish properties since the bygone days before the last Spanish property boom.
bargain properties in spain distressed spanish property euro sterling exchange rate spanish properties for sale Many potential UK-based buyers of Spanish property are holding off in making a purchase, firm in the belief that they are best waiting until sterling has recovered at least some of its lost ground against the euro.
Of course, this makes sense. Why buy something now, when you can get it for 20% less in 6 or 12 months time?
But one interesting statistic may make those UK based buyers sit up and take notice. As one of the leading Spanish property portals, we have noticed increasing volumes of enquiries during the last 6 months – strange when you think of the financial mess everyone is supposed to be in. I guess this means that the purchase of a Spanish property is still on the agenda for plenty of people, particularly as the prices have come down and started to look so attractive. Although around 70% of our enquiries eminate from UK based clients, 70% of the actual sales volume can be attributed to non-UK buyers. And in the vast majority of cases, these buyers are from the eurozone.
bargain properties in spain cheap properties in spain distressed spanish property spanish property for sale Here are some facts.
1. We are in the midst of a recession.
2. It is not the best time to be looking to achieve the best price for anything if you are selling.
3. There are some great deals to be had.
Now, let´s translate these facts to the Spanish property market. If you are a prospective buyer and you have found a property in Spain that takes your fancy, then you will clearly want to secure the best deal.
Now let´s pause a second……this is not an entirely different scenario to shopping for other commodities. For instance, if you fancy a new Mercedes, you would probably go and take a look at one or two dealerships and then haggle for the best price. Likewise, if you wanted some work doing at home, you would get a few quotes together and then try to secure the best price for the job. Continue reading »
bargain properties in spain costa del sol property estate agents in spain properties in spain spanish property These are tough times in the Spanish property market, and with estate agents closing down throughout Spain on a daily basis, you would have thought that those remaining would be trying to find smarter ways of working and exploring new opportunities to sell properties in Spain.
There is now a buyers´ market for Spanish property, and most prospective purchasers want to find a genuine bargain in Spain. To do so, they are far more likely to shop around to find their ideal Spanish property bargain, and to use more than one agent.
bargain properties in spain costa del sol agents discounted spanishproperty spanish property villas in marbella I must tell you about an agent on the Costa del Sol that received a call from a British chap last week.
The client was interested in a villa in Marbella, advertised as being reduced in price from €750,000 to €550,000 for a quick sale. The client simply gave his name and contact number and asked the agent to call him once the villa had been further reduced to €300,000.
When the agent informed him that this was extremely unlikely to happen and that 2 viewings had already been arranged on the property for Friday last week, the man insisted that people would be mad to pay the asking price, that the Spanish property market was yet to bottom out and that this particular property would still be on the market at €300k in 6 months time. Continue reading »
bargain properties in spain buying property in spain discounted spanish properties spanish property Spanish property bargains It seems that the entire Spanish property market is for sale right now. Imagine it as a giant Spanish property superstore, with varying levels of discount available on thousands of different products.
I´ve already mentioned in previous articles how some buyers can become distracted by those properties with the lowest prices. These don´t necessarily represent the best examples of Spanish property bargains.
The 3 key elements to identifying a true bargain are LOCATION, QUALITY and PRICE. If a property scores high marks on all three of these criteria, then it starts to represent value for money, and therefore could be truly considered a Spanish property bargain. Continue reading »
