Spain 'to see return of investors'

Spain should see property investors returning in large numbers after experts said the market there has reached its bottom.

Writing for Spanish real estate portal Kyero.com, Martin Dell said the "word on the street" is that the period of falling prices is over.

He also noted the comments by Knight Frank last week that the market has stabilised - although price rises will have to wait until 2011.

Stating that investors have now ceased waiting for further price declines, Mr Dell forecast: "I continue to predict a wave of foreign investment money flowing into Spanish Property."

Those looking to buy should aim to get a 30 per cent discount on the cost of a property compared to 2007 values by making a "cheeky bid" at a lower price, he added.

Lanzarote was recently noted as a place where house prices have not fallen as much as the rest of Spain.

A feature in the Times stated that its values have only dropped by four per cent in the past year, a third of the national average.

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