Spanish property 'approaching bottom'

Spanish property prices are still falling, but not as fast as before, it has been claimed.

Writing his regular blog for Spanish property news website Kyero.com, Martin Dell noted that the Tinsa statistics have proclaimed prices to be rising again.

However, people should be "cautious" about such figures, he argued, suggesting that the real situation is one of slowing decline.

The good news is that such a trend will see the "true bottom of the market" being reached in a few months, Mr Dell predicted.

Picking up on another article written about the Spanish housing market recently stating that parts of it still offer good prospects, Mr Dell agreed, stating there are sectors that will always provide "long-term desirability and be sound investments".

The key is to buy in the right areas, he concluded.

Earlier this month, a Financial Times feature pinpointed Galicia as an emerging region for buyers in Spain, with attractive beaches and scenery, plus improving transport links both withinteh country and to and from the UK.

Like this? Then share with your friends and colleagues!