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We´ve all seen the headlines during the last 18 months. Not a week goes by without some sort of negative article in the UK media, or some ´hard-hitting´ TV documentary, lamenting the woes of the Spanish property market.
The media is all-powerful in the UK, and despite everyone protesting to the contrary, most of us believe what we read in the papers.
Within a very short space of time, the media is capable of ending the reign of politicians and football managers, of provoking unnecessary public health scares, and of destroying entire businesses and industries.
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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.
