The Spain Forums

Sunburn

A Different Perspective on Spanish Property

I'm as [Only Registered Users Can See Links. Click Here To Register] of seeing the Spanish property market solely through the perspective of press articles. Unfortunately, most of the bad news seems to be factual and backed-up by reliable data, and most of the good news is, more often than not, just promotional fluff.

However, this morning, Jill emailed me to say: "We have just bought a three-bed property in Asturias with two huge terraces and fabulous mountain views for a very reasonable €226,000. Both the agent and the vendor could not have been friendlier or more helpful."

Several things crossed my mind as I read Jill's words:

1. The property market in Spain isn't dead - it has slowed. Properties continue to be bought and sold.
2. The Spanish property market is more extensive than just the popular costas.
3. Despite the Eurozone's credit crunch woes, buyers for Spanish property are still 'out there' - only now they're better informed and more discerning.
4. In areas that haven't seen huge off-plan development ([Only Registered Users Can See Links. Click Here To Register], for example), the unwanted effects of the house price boom are less evident.
5. In all likelihood, the majority of property transactions are relatively problem-free.
6. It's easy to be fooled into thinking that current news stories paint a complete picture.

What do you think? Promotional fluff from Kyero.com or factual data about the Spanish property market tinged with a hint of optimism?

Martin Dell, Kyero.com



[Only Registered Users Can See Links. Click Here To Register]