Spanish property price drops 'represent good opportunity to buy'
Despite fears concerning a collapse in the Spanish property market, one expert has said that the falling prices could present astute investors with some good opportunities to generate long-term returns.
Mark Stucklin, editor of Spanish Property Insight, pointed out that the property market has not crashed yet, explaining that the share price drops in Spanish property firms is merely an indicator.
He told the Times that some investors have become "nervous" about the prospects for the market, although he added that not all investors are likely to lose their money in the event of a property crash.
"People who bought ten years ago will still make a good profit. Only those who bought recently are likely to get hurt," he said.
Mr Stucklin concluded: "This is also a good opportunity to buy."
Earlier this week, Jamie Liddell from Homes Overseas magazine told the Telegraph that Spain is likely to become a "buyer's market", with increasing pressures to sell property likely to make "the perfect time to pick up a bargain".
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