Buyers taking advantage of "bargain" Spanish prices

The recent economic downturn has resulted in a shift in the demographic of buyers purchasing property in Spain, one real estate agent has claimed.

Speaking to Property Wire, Mercers stated that in 2008 is has managed to improve on sales figures from last year by offering property at "bargain" prices.

And this, director of the firm's Mazarron office Gerard Rees stated, has prompted an increase in the number of buyers looking to take advantage of the lower prices.

"The climate, ease of access, modern infrastructure and so on all mean that in time Spain's property market will bounce back," he remarked, adding that the firm has managed to sell properties at below market value by negotiating deals with developers wishing to sell unused stock.

Mike Hamilton of developer Casas de Lorca recently told Property Wire that the British "love affair" with Spain means sales in the country will once again pick up in 2009.