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Spanish Property Spanish Property - probably the largest choice of Spanish Property in the UK!
There has been a lot comment in the press recently about the Spanish property market with tales of demolished villas, half completed developments and building companies going bankrupt. Some of this of course is based on hard fact, but despite this there has probably never been a better time to invest in Spanish property! There does indeed appear to have been some corruption among planning authorities over the last few years, however there are a great many well established housing developments which were built some considerable time ago and which are not only completely safe and legal to buy, but they have matured into very pleasant residential areas. Anyone looking to buy a holiday home or a house in the sun for permanent residence can now pick and choose from a huge choice, particularly if a large deposit is available -- despite the current financial woes, Spain is still considered to be a more pleasant country to live in than the UK, and the cost of living is still far lower. It would, however, be advisable to avoid buying uncompleted property for the time being, and the practice of buying off plan, in which a deposit is placed on a development which has not been built yet in the expectation of capital gains, should now be completely avoided. Bearing this in mind, apart from the overhang of uncompleted building developments, there are many, many bargains to be had in resale properties in established areas, and there are lots of vendors who need to sell quickly, and who may be open to realistic offers.
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