Distressed properties in Spain recommended

Distressed properties in Spain offer investors a very good and sound deal, an expert has argued.

Spokesperson for the Spanish Property Owners Guild Paul Bradley said: "Distressed used properties are the safest route for investors."

He added that those seeking property should "pick a good location, location, location near airports, avoid inland property off the beaten track and never, ever buy without a lawyer".

Mr Bradley identified areas such as Torrevieja on the Costa Blanca - as well as the Costa del Sol locations of Marbella and Nerja - as the best locations in which to pick up such homes.

These offer golf and year-round sun, making "good rental income … achievable all year round", he noted.

Figures from Spanish property statistics provider Tinsa showed that the country's Mediterranean coastal areas suffered an above average drop in prices over the year to July 2009 at 10.9 per cent.

The lowest fall was eight per cent in the Balearic and Canary Islands.

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