Could Spanish property prices be on the rise?

Opportunities for property investors to snap up some bargain real estate in Spain could soon be coming to an end, as the market begins on the road to recovery.

Last week, the Spanish prime minister Jose Luis Rodriguez Zapatero declared on CNBC News that the European debt crisis and the Spanish property crash were both over.

If the premier's predictions are correct then prices are expected to begin rising once again meaning that those looking for Spanish property should act as quickly as possible.

Chris Mercer, director of Murcia-based estate agents Mercers, said that a large number of opportunistic buyers had benefitted from the low prices in the country over the past few months.

"However, if Mr Zapatero's observations are correct, property prices could easily gather strength signalling the end of this incredibly favourable set of buying circumstances," he added.

"For those who have a dream of owning a home in the sunshine - now is the time to realise it."

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