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Spanish property prospects 'brighter than anticipated'

Article Date : Tuesday, May 29, 2007       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

Many investors now have negative view of the Spanish market, which is largely unwarranted, one expert has said.

Mark Stucklin, spokesman for Spanishpropertyinsight.com, said that problems in the Spanish property market have been "exaggerated" and many investors have a distorted view of the country's prospects.

For the first time in many years, there is now a buyers market and although investors have to accept more "realistic" prices in a more subdued market, demand for good-quality property remains high.

"It's misleading to think quality property in Spain is available at giveaway prices because of the crash ? that is simply not the case. Now is a good time to buy.

"But quality property in good areas costs money because it's in demand. There's still demand for that and there always will be."

The chairman of the Federation of Overseas Property Developers, Agents and Consultants recently asserted that there are still a number of excellent opportunities in Spain for investors who have are focussed on long-term price rises.
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