Interested in Spanish property?
Are you a buyer, owner, or seller of property in Spain?
The Spanish property market offers some of the best deals ever seen on the market. This means that property in Spain is no longer selling like it used to, and many developers offering some great deals to stimulate demand. Whether you're looking for a beautiful Spanish holiday home in a tourist or golf destination, a relaxing retirement property in Spain, an investment property or a property to rent out, you're sure to find the answer to your needs among the thousands of quality listings of spanish property on our site. We invite you to search through our spain property database, and please don't hesitate to contact us should you need any further assistance to advertise or find your spanish property.
Many people who are looking to buy a holiday home also want to use their spanish property being rented out, maybe even to settle down within some years or as an investment to sell again at a later date when the spanish property market climbed up again. If your primary reason for buying a property in Spain is to use it as a holiday home for you and your family you can find plenty of spanish property and there are plenty "attractive opportunities" for investors in the Spanish real estate sector over the course of 2012. Buyers who are not relying on finance from banks will be able to take advantage of some of the best deals on offer.
Spain’s property market is replete with discounts and deals, so it’s no surprise that international buyers are heading for the auction house. Spanish Banks are prepared to lend over 100% on their own properties that have been repossessed, it has been revealed.
They are also selling their spanish properties at rock bottom prices to attract buyers so that they can reduce the amount of spain property on their books.There is evidence that foreign buyers are returning to the Spanish property market. Spanish property sales made by foreign residents experienced an increase of 24.7% in the third quarter of 2011 compared to the same period last year according to statistics from The Ministry of Public Transactions.This figure takes into account all foreigners who live in Spain while further statistics show that the provinces with the greater number of purchases by foreign residents were Alicante with 2097, Malaga with 951, Barcelona with 607, the Balearics with 516 and Santa Cruz de Tenerife at 476.
With this in mind the spanish property market looks set to continue this trend according to experts with a final rush of property buyers seeking out Spanish real estate. Experts are suggesting that tax breaks and low interest rates on savings accounts will be the main factors encouraging buyers to hunt down bargains.
The increase in spanish property sales to foreigners shows that many buyers have been discerning enough to strike while the iron is hot and purchase spanish properties that are well priced and in excellent locations like the Costa del Sol or the Costa Blanca. Indeed, sellers dropped their asking prices by an average of 8.2% in 2011. Spanish banks hold billions of Euros worth of properties, many of which they are willing to sell at a loss. Banks, of course, are not in the real estate business, and holding these assets on its books can be a drain, especially if the properties are vacant. For many of these businesses, these spanish properties are a drain on their balance sheets, and as quarterly reporting dates come due, the banks will be more and more willing to make a deal.
That is where a well-informed investor can make a great deal on spanish properties.