Target developers who will accept payment in sterling.

There are not too many developments in Spain that will entertain this type of deal, as most promoters want to protect themselves from sterling falling even further against the euro. Developers are far more likely to offer a fixed percentage discount off the purchase price to buyers.

However, one or two developers in Spain are bucking the trend.
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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. Continue reading »

Now may be a good time to invest in Spanish property, but my advice would be to tread with caution, and to be well researched.

The market in Spain has taken a hammering in recent times, and although not every vendor is desperate to sell, some of them are. Remember that a large proportion of these properties were purchased as 2nd homes, meaning that they were bought as a luxury item. So as the economic climate for owners becomes more gloomy, disposable incomes begin to shrink and people face job losses and spiraling debt, it is these luxury purchases that are often the first to be cashed in.

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