If you are looking to buy a heavily discount property in southern Spain substantially below market conditions, look at our selection and phone us for our latest listings, or sign up for our instant property updates.
There has not been a better time to purchase a Spanish property or make a property investment in the last decade, with many bargain properties reduced by up to 40%.
THE SPANISH PROPERTY MARKET
During the last 10 years the Spanish property market has enjoyed an unparalled period of growth.
This period of growth has been from what has always been a large market retires, and second home buyers to people moving to Spain to start a new life and the largest growth area "OFF PLAN" purchases.
During the last 10 years Spain has seen the largest building programme in Europe accounting for about 30% of all the new buildings in EUROPE.
There are many reasons both global and local, but off plan sales made during the last few years and the banks willingness to lend during this time has led to the current position of over supply. This has lead to the problem where clients who have contracted to buy, looking to buy and sell before completion now just to recover there deposits.
Some property owners are now facing difficult circumstances due to a number of reasons:
MORTGAGE ARREARS, FINANCIAL CHANGES, POOR HEALTH, CHANGE OF PERSONAL CIRCUMSTANCES, DIVORCE/SEPARATION, RETURN TO THERE COUNTRY OF ORIGIN
With the English market suffering from the devaluation of the pound, which can help clients returning to the UK to reduce the Euro price of there house in Spain, and still obtain the expected number of pounds.
There are developers and individuals who are ready to offer great property BARGAINS, with MUST SELL key ready properties.
There has not been a better time to purchase in Spain as it still remains the favourite destination for holidays and property puchase's by the BRITISH.
With low cost flights the fundamentals of buying in Spain has not changed, with a well established secure rental demand for property.
MOJACAR, VERA, TURRE, EL PINAR, CABRERA, CORTIJO GRANDE, ALBOX, ARBOLEAS, SAN JUAN, VELEZ BLANCO, SORBAS, LOS GALLARDOS, GARRUCHA, ALMANZORA.