Showing posts with label Malaga. Show all posts
Showing posts with label Malaga. Show all posts

Tuesday, April 22, 2008

Experts recommend property in Malaga

Despite all gloomy predictions about property in Spain and increasing pessimism about Spain’s housing market, Spain’s property market’s performance in the last quarter is not as bad as it was projected. Spain’s real estate is now a buyer’s market, but it is also a intricate situation of local markets performing in different ways. Overseas property buyers could find a number of good investment opportunities in Malaga, experts have stated and Buyers have to adapt to the conditions of local markets.

The house price inflation rate in Malaga when with other areas is favourable for the investors even though at first look it seems bad. Homes Worldwide has reported that house prices in many parts of the Costa del Sol are increasing at a slower rate and Malaga showed increase of only 1.5% in 2007.

Homes Worldwide believes that market conditions will pick up sooner or latter. This is the perfect time overseas investor’s could grab a property for a bargain price before the market picks up again. Sociedad de Tasacion, one of the Spanish appraisal companies expects that Spanish property will continue to deliver higher returns with less risk than the stock market.

Figures from show big variations in changes of regional asking prices in 2007. Property asking prices appear to have increased by 10.7% in Malaga province. Mark Clifton of the International Property Partners in Marbella has said that property prices are back where it was 3 years back.

There are reasons to consider purchase in Malaga. The expansion of Malaga airport and construction of new rail links along the coast would increase the visitors numbers and for Attractive properties in the right areas combined with realistic prices can put Malaga property back in track again. This could be the best time in years to get quality property for reasonable prices in Malaga.