Investors advised to buy in Spain-220708

Overseas property buyers have been encouraged to purchase a bargain residence in Spain by industry experts.

Analysts at Shelter Offshore said people who want to sell a home in the European country are currently struggling in the face of a downturn in the housing market.

Although this could hamper the appeal of Spain among property investors, it could make it an ideal location for lifestyle buyers to consider.

This is because the physical attractions of Spain, such as its good climate and attractive scenery, are still in place.

However, current market conditions mean that sellers are having to market their homes at a knock-down price.

Shelter Offshore commented: "It truly is a buyer's market.

"Therefore you can haggle to your heart's content and bag yourself a bargain in a prime position."

According to the Association of International Property Professionals, the country accounted for more than a quarter of overseas purchases last year.

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