Quality buyers 'can pick up bargain Spanish property'
By Steve Binge

Quality buyers 'can pick up bargain Spanish property'

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Buyers with a solid financial footing may find there are opportunities for them to purchase good value Spanish property, it has been asserted.

Managing director of Feltrim International Adam Cornwell explained while the outlook for mortgage lending in Spain during 2012 is not overly positive, people classed as "quality buyers" are likely to be targeted by the country's banks in an attempt to sell on some of their real estate assets.

He commented Spanish financial institutions "are prepared to offload these homes at rock-bottom prices with the highest mortgages". 

Mr Cornwell stressed that the Spanish property market stands out as a result of the level of finance being offered to encourage investors to purchase distressed assets.

There are some parts of the nation buyers may be particularly interested in, he added, with Marbella one of the regions considered to be "safe".

This comes after sales and marketing manager at Taylor Wimpey de Espana Marc Pritchard recently highlighted a Kyero.com survey, which revealed the Costa Blanca and Alicante are among the top targets for overseas investors.

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