Now is the time 'to buy Spanish property'

Investors looking to purchase a house in Spain have been advised that now is the perfect time to do it as huge discounts are available.

That is the recommendation of Shelter Offshore, who refer to the comments of Campbell Ferguson - a British chartered surveyor living in the country - that up to 70 per cent can be haggled off a property at the moment.

While many potential buyers may have been put off by the weak pound against the euro, the portal noted that popular locations such as along the Costas have already seen property prices fall by between 30 and 50 per cent from their peak.

Those with "cash in hand" or a mortgage approval are at an advantage and could benefit from bartering on an investment.

Spokesperson for the Spanish Property Owners Guild Paul Bradley recently stated that Spain is an excellent place for buyers to purchase provided they are looking for a long-term profit.

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