Monday, February 25, 2008

Current trend in the Spanish Real Property Market favors investors

It is a good time to buy properties in Spain now. Why? It is because at present the real property market value has dropped by several per cent. This has been the prevailing condition for the past months and might still be the same in the next few months or so.

The hardest hit are the properties in the communities of Andalusia in the southern part of Spain with the decline in the asking price reaching 2.5 per cent at the starting month of the year 2008. While in the city of Marbella, which is also located in Andalusia, some real properties would even be sold at half of the asking price because of low demand.

Marbella beach in Andalusia, Spain
This general direction of the Spanish real property market in specific places makes it an attractive opportunity for investors who are not out for quick revenue. The marked down properties are considered to be very good deals but will provide the investor with a hefty sum if disposed after a number of years. So for those who are willing to part with their money for a long-term investment, the current situation is ideal.

Acquisition of properties such as those found in Andalusia will prove to be lucrative in the end for the location is quite ideal for holiday makers and even those who might want to spend longer time in the clement weathers of Spain. The current situation may not be advantageous to those who are seeking to sell their properties right now but for investors, this is indeed a good time to purchase.

0 comments: