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Spanish property 'is attractive investment'

Source: Expatriate Healthcare - Sat 7th Jan 2012
Spanish property 'is attractive investment'

Those looking to move abroad may wish to examine Spain's real estate market.

Spanish Property Insight head Mark Stucklin explained house prices in the nation have taken longer to adjust downwards than they have in other countries.

Certain coastal areas have experienced a decline in the value of residential buildings of more than 50 per cent, he pointed out.

The specialist claimed these dwellings could not be built for cheaper, arguing: "You're just buying it at cost".

It would be a reasonable expectation to forecast that the euro will continue falling against other currencies during 2012 although "nobody has a crystal ball", Mr Stucklin remarked.

The best assets are likely to have "price stability" at the moment, he asserted.

Apartments were the most popular class of Spanish accommodation enquired about during the second half of 2011, recently reported.

Other common requests were for villas and country houses, it added.

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Comment on this Story

I am perfectly happy with my small second-home in Spain and can well understand the need to 'shift' the vast number of unsold speculative properties on the books of quasi-bankrupt builders, but this piece of marketing 'puffdery' ain't fooling anyone, particularly in the current very 'volatile' economic conditions. In my case I have no need to 'off-load' my Spanish property, but those who do must accept that what the can achieve from a sale, if they manage to sell, is likely to be way below what they paid; builders trying to off-load their 'new build' stock at anywhere near the prices they might have achieved 4 years ago are likely to be disappointed. A classic January story for a sector in crisis.
Bill - Sat, 7th Jan 2012

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