Spanish Property Market Recovery?

There is an end in sight for the problems in the Spanish property market, experts have predicted.

Spain has been hit hard by the credit crunch and house prices have fallen in many parts of the country.

However, the country's housing minister Beatriz Corredor this week gave an optimistic assessment of the market to the senate, reports Reuters.

"Forecasts by international and national organisations, as well as the government, point to an economic and property sector recovery beginning in the second half of 2009," she said.

Earlier this month, Ms Corredor stated that it is currently a good time to buy in Spain because the supply of property is plentiful, meaning purchasers are in a position to find a bargain.

Paul Collins of property advice website BuyAssociation recently echoed that view, explaining that investors who are in a position to move quickly can take advantage of the slowdown to secure a "great deal" in Spain.

Full story from www.ready2invest.co.uk

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