Spain offers 'lots of opportunities for investment'

Spain offers 'lots of opportunity for property investment', it has been claimed.

According to Les Calvert, director of Property Abroad, while the market has changed in recent years there are still good investments for anyone searching for Andalucia property or hoping to find a home in Murcia.

"Obviously the property market in Spain has moved tremendously over the last few years. There are an awful lot of repossessed distressed properties on the market, so for a buyer there an awful lot of opportunities out there," he said.

He added that people need to look carefully at properties on offer and assess why they are distressed – if it is the area or just the owner's personal circumstances.

"I am fairly optimistic about the market in general. There can be a lot of good buys out there," Mr Calvert concluded.

Figures from the National Statistics Institute released on August 10th 2010 show that Spanish house sales fell by 1.3 per cent in June 2010 but have still risen by seven per cent in the past year.
 

Like this? Then share with your friends and colleagues!