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A Different Perspective on Spanish Property

Article Date : Thursday, September 04, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

I'm as guilty as anyone of seeing the Spanish property market solely through the perspective of press articles. Unfortunately, most of the bad news seems to be factual and backed-up by reliable data, and most of the good news is, more often than not, just promotional fluff.

However, this morning, Jill emailed me to say: "We have just bought a three-bed property in Asturias with two huge terraces and fabulous mountain views for a very reasonable €226,000. Both the agent and the vendor could not have been friendlier or more helpful."

Several things crossed my mind as I read Jill's words:

The property market in Spain isn't dead - it has slowed. Properties continue to be bought and sold. The Spanish property market is more extensive than just the popular costas. Despite the Eurozone's credit crunch woes, buyers for Spanish property are still 'out there' - only now they're better informed and more discerning. In areas that haven't seen huge off-plan development (Asturias, for example), the unwanted effects of the house price boom are less evident. In all likelihood, the majority of property transactions are relatively problem-free. It's easy to be fooled into thinking that current news stories paint a complete picture.

What do you think? Promotional fluff from Kyero.com or factual data about the Spanish property market tinged with a hint of optimism?

Martin Dell, Kyero.com

Article provided by Kyero.com.
Read the full article here >>

DISCLAIMER: The opinions expressed here are the views of the author of this news item and do not necessarily reflect the views and opinions of Propertyshowrooms.com.
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