Low prices and reductions drawing canny investors back to Spain

Now is the time for property investors to take advantage of low prices in the Spanish rental property market, it has been suggested.

According to Savills Select Resorts, an increasing number of luxury properties in the country are being purchased by investors capitalising of discounted homes in the favoured destination.

Savills are quick to point out that many developers are offering attractive financing options to tempt buyers back to the market.

They say: "Exquisite Spanish homes that were unaffordable less than a year ago are now being snapped up by canny investors and lifestyle buyers taking advantage of the lower prices and massive reductions being offered by developers."

Among the more popular destinations are new developments in Marbella on the Costa del Sol.

The La Floresta de la Mairena is the first new project in the region for three years, something that Savills says reflects the increasing demand now being seen in the market.

Furthermore, the National Association of Estate Agents International recently recommended that buyers invest early in the country to take advantage of bargain properties.