Auctioned property 'among the best' in Spain

"Key-ready" properties in the Spanish Costas represent some of the best bargains in the country, it has been argued.

In his latest blog for property portal Kyero.com, Martyn Dell noted that A Place in the Sun is to hold an auction of 60 such homes next month.

These residences will be in Costa Blanca, Costa del Sol and Costa Calida, with discounts of at least 50 per cent, including some houses with no reserve price at all.

Mr Dell said these are the best types of investment in the country at present, adding: "If you are serious about buying in Spain, make sure you put the auction in your diary."

He also suggested that air access to such areas may improve as a result of the merger agreed in the last few days between British Airways and Spanish carrier Iberia, with the possibility that this will lead to more flights between Britain and Spain.

The same portal reported earlier this week that the country has seen a slowdown in the rate of economic decline, news that economy minister Elena Salgado commented that she was "satisfied" with.

Should the end of the Spanish recession come soon, this may help boost the property market there.

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