It's an ideal time to buy in Madrid
By James Roberts

It's an ideal time to buy in Madrid

Looking to buy property? We have 40 properties for sale in Barcelona »

Those looking for property in Spain to capture the mid-term growth potential of the country should certainly consider Madrid.

The city is still a cultural haven and specific areas still have huge demand. However, prices are now at rock bottom and are unlikely to fall any lower, so it is important to act now.

Daniel Talavera from the Spanish Brick explained: "The buyer is waiting for greater reductions in prime areas, which will not happen in some locations in Madrid, but also in Valencia and Barcelona."

Prices remain stable in the city's districts of Salamanca and Retiro, where demand is high. For those looking for a steady investment, these areas are ideal.

However, it is advisable for buyers to increase their budgets by approximately 20 per cent when looking in these prime districts, according to the Spanish Brick.

For those with sights set on a low-price property, the real estate market in coastal areas currently offers the most attractive deals and is well placed to attract a constant stream of tourists for holiday rentals.  

Do you sell property in Barcelona? Click here for more information on marketing your properties online

Related articles
comments powered by Disqus
+Read more

Featured Property

+Read more

Featured Property

+Read more

Featured Property

Search