Q: Is it a good time to buy a property in Spain?
Friday, May 15, 2009 @ 1:32 AM
This is a question we get asked all the time: "Is it a good time to buy a property in Spain"?
I may be an estate agent but the simple answer is a big YES. Buying when a market is at its strongest does not really leave you anywhere to go. Buying when the market is weak means you can pick up a good property at a low price. And that's just what's happening now.
Saying that, if you are buying today then you need to be prepared to hold on to the property for a few years whilst the market recovers. This is ideal for lifestyle buyers as they buy for their own enjoyment and not necessarily to make a profit.
Yes there are many properties on the market, yes the exchange rate is quite unfavourable, yes it's more difficult to get a mortgage but there are some real deals to be had today. And I'm not saying that from an agents point of view.
This post is brought to you in association with Livingstone Estate who specialise in Overseas property including property in Marbella and property in Mijas.