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Spanish market 'will pick up again'

Article Date : 02 April 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

A national newspaper has expressed optimism about the Spanish property market picking up again.

The country has recently attracted negative media coverage as a result of the worldwide economic slowdown, as well as domestic issues such as the demolition of some houses.

As a result, prices are starting to come down and investors are choosing to stay away and look at other locations.

However, the Independent believes that that the market conditions will improve at some point in the future, which means investors now have a window of opportunity.

The newspaper suggested that prospective buyers look for properties that have come down in price, as they will increase in value once the market recovers.

"No downturn lasts forever," the Independent asserted.

"The worst time to buy suddenly becomes the very best time - the time when you can pick up a good home for tens of thousands less than you could have a year ago."

This comes after the Daily Mail said the slowdown in the property market in Spain is not a uniform trend and that some areas still offer bargains and potential investment opportunities.

Tags: negative media coverage, Spain
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