Britons given 'should not rush' when buying Spanish property
Britons have been told that although investing in Spanish property is a "good idea", they should take their time and avoid rushing into any deals, according to claims from a property market analysis firm.
While eastern European countries such as Romania may be able to offer higher returns because of their growing market status, Property Secrets claimed that Spain is a "good place to live", adding that fears of a market crash are merely speculation.
And although there are "no real legal pitfalls" of buying a house in Spain, there are a number of things prospective property investors should look out for, the company said.
Daniel R Talavera, editorial manager at Property Secrets, commented: "Our best recommendation is to choose a good developer - ask for references."
"Secondly, go to the public register in order to have a definite answer to whether planning permission has taken place," he concluded.
Last week, Mark Stucklin from Spanishpropertyinsight.com revealed that British interest in the Spanish market has remained "very, very strong", despite well-publicised fears about a downturn.
He added that for the first time in a number of years, a buyers market has emerged.
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