Buyers offered incentives in Spain

Prospective buyers are being encouraged to purchase a new-build Spanish property by various "freebies", industry analysts have revealed.

According to the Foreign Property Buyer website, some builders are offering incentives such as cars, mortgage perks and even cash in order to attract customers.

This is because the Spanish housing market has been affected by the downturn in the global economy, a development which is directly impacting on their businesses.

While the state of the market may appear to be "bad news" for investors, the website has suggested that investors take advantage of the situation.

Foreign Property Buyer commented: "It is an excellent time to see how many freebies you can get thrown in with your build."

The online portal added that if investors find out what incentives are being offered by companies, they can negotiate for similar perks with their developer.

This comes after the Independent recommended that investors consider purchasing a bargain property in Spain before the housing market picks up again.