Friday, October 2, 2009

Brits are clamoring for property for sale in Spain

It may be the perfect time for Spanish property hunters to put down an offer on their place in the sun, according to reports.

Estate agent Mercers has recently told the Times that enquiries from British people regarding Property for sale in Spain have rocketed during the past 12 months.

Jason Baez Sulsona, a property consultant at Mercers commented: "I have a vast database of British buyers asking to be kept updated on new property. They are anxious to flex their buying power and take advantage of a depressed Spanish market."

According to kyero.com, the latest Tinsa Index showing Spanish property valuations has indicated that current conditions could prove favorable to those seeking a second home abroad.

Property expert Martin Dell states: "The Tinsa House Price Index continues to reveal an encouraging trend. What the Tinsa Index tells us is that house prices are still falling in Spain, but the decline has stabilised." He further said that Tinsa Index is the most accurate reflection of Spanish property market trends and this means much Spanish property can now be bought at reasonable prices.

In news of interest for Spanish property investors, Short break destinations represent a cost-effective choice for Brits abroad, which can mean they do not have to scrimp on other holiday treats, according to the Association of British Travel Agents (Abta). Recent survey from Visa Europe found that 83 per cent of Brits intend to take between one and five short breaks this year, with the most popular destinations including France, Spain and the USA.

Frances Tuke, spokesperson for Abta commented: "For short breaks, France and Spain are popular for obvious reasons and are the most popular due to sheer volume."

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