Spanish property continues to fall

Posted on September 12, 2012 · Posted in Uncategorized

For years now we have advised anybody buying property in Spain to act cautiously and invest only for long term, and this is exactly why:

Auction

Image by jetalone via Flickr

According to the latest Global House Price Index from Knight Frank, the cost of purchasing a home in the south European nation declined by 2.5 per cent between the first and second quarters of this year, while they are also down by 8.3 per cent on an annual basis.

This made Spain the fourth worst performing housing market surveyed by the organisation, with Ireland, Hungary and Greece the only countries to see more shaved off the value of real estate. More reading at propertyshowrooms.com

Is Spain a good place in invest?

Well yes, if you are investing for the right reasons.

Any capital growth in Spanish property prices is highly speculative and certainly not to be relied upon in the short to medium term.

Those who are looking at buying property in Spain must be comfortable in the knowledge that the value of the property could fall as easily as it could rise in the current climate.

Why not make sure that you are making the correct decision by taking advantage of our free consultation service. We give you all the facts and advise on suitability. Using us means that you have a solid British company looking after you throughout the entire process.

>>Click here<< to get in touch with us.