Spanish property 'worth investing in'

Property in Spain is now safe to invest in if buyers are sensible, an expert has argued.

In his column for the property portal, Martin Dell of Kyero.com noted that the Spanish government has said the bottom of the market is close.

He stated that some data from the government cannot be relied on, such as the official price figures, which he said are badly collected and subject to conflict of interests, with these underestimating the extent to which values of Spanish rental property have fallen.

However, Mr Dell stated, the claim that the market is at its lowest point is more likely to be true and people can expect to invest "safely" in the belief that the upturn is not far away.

Figures from surveying company Tinsa suggested that there was some stabilisation last month, Reuters reported recently.

These statistics revealed a 7.8 per cent annual decline in values, compared with 8.2 per cent in August.

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