Estate Agents & Advertisers: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 
Secure Exit Strategy


Spain has deals aplenty for those with finance

Date : (News Section: Spain)

Share
Spain has deals aplenty for those with finance
Now is the time to strike in the Spanish property market, with the sector currently overflowing with deals for those with finance already in place. Agent Spanish Hot Properties explained that falling real estate prices, amid tourism buoyancy, is creating a lucrative environment for investors. In fact, occasionally a deal arises that returns 20 per cent within three months. However, only those with finance secured prior to entering the market are able take advantage of current opportunities.

This is largely due to the fact that the sector is predominately cash driven, due to the lack of lending in the banking sector. However, Nick Stuart, director of Spanish Hot Properties, claims that people should still look on the bright side. "Every time something positive is reported about the Spanish property market, observers are quick to pooh-pooh assuming it’s fantasy," he said. Nonetheless, there are parts of the market that are performing well during the current crisis.

"Bahia de Banus is one of the most desirable products on the market right now - gym, sauna, indoor and outdoor pools, close to the marina – and the cheapest property is selling for comfortably over €600,000 (approximately £519,319)," Mr Stuart claims. "A three bedroom repossession recently came to the market and was bought within days for €370,000 (approximately £320,246).”

What's more, there are plenty of opportunities to make money on the right property. Mr Stuart elucidated that on a Bahia de Banus unit, for example, people can either sell on a home within three months at a reasonable price or let it out. Selling on instantly can yield up to a 20 per cent profit, while letting a property for two or three years can give an investor an income of approximately €50,000 (£43,276) per annum. This creates the potential for earning up to 100 per cent profit upon sale and also gives the market at large time to turn its fortunes around.
Share

Article created on behalf of Propertyshowrooms.com News Desk ()

Related Articles

  1. Tourists Spend Record 6.08 Billion in Spain
  2. Property Market Revival Gathers Pace in Spain
  3. Strong Overseas Demand Boosting Spanish Property Market
  4. Property Price Falls Decline in Spain in 2013
  5. Spain Now Commands 3rd-Most Tourists Worldwide



Let us search for you Let Us find Property in Spain for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Spain.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

the FX firm
Distressed Sales in Spain
Distressed Property in Sax Featured Property
Sax (Alicante)
House/Villa - 5-Bed, 3-Bath
€575,000 - Find out more »
Distressed Property in Pinar de Campoverde Featured Property
Pinar de Campoverde (Murcia)
House/Villa - 3-Bed, 2-Bath
€370,000 - Find out more »
Distressed Property in Benahavis Featured Property
Benahavis (Malaga)
Apartment/Flat - 2-Bed, 2-Bath
€235,000 - Find out more »

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Spain
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo