Changing Spanish property market 'can be used to investors' advantage'
Overseas property can use the changing nature of the Spanish property to their advantage if they carefully consider the nature of their investments, according to new claims from a foreign exchange company.
HiFX said that although hype about a market crash has not been realised, there has been a slowdown in some parts of Spain - which could open up opportunities to make a shrewd investment, as Spanish property remains very popular.
"Real bargains" are available for holiday homes and investors should not be put off by the possibility of a crash, as demand for Spanish holidays will always remain strong thanks to a potent combination of sun and the accessibility of budget airline routes, the company stated.
Mark Bodega, marketing director at HiFX, commented: "Buyers should remember that their choice of where to buy really depends on why you are buying and on the degree of risk that you are willing to accept. Wherever you do decide to buy, be it Guildford or Granada, it's imperative that you do your research and ignore the hype."
Last month, Spanish property expert Mark Stucklin claimed that fears about a Spanish property crash were generated through "misrepresentation" and hype, according to the Nubricks.com property blog.
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