Is Now The Time To Invest In Spanish Property?

By Author: Rich Spain
Total Articles: 1
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Risk?

There's risk attached to pretty much everything when it comes to playing with your hard earned cash, the Spanish property bubble expanded and burst, then the market faced a stale flatlining period which potential buyers simply held back waiting for something to happen, that "something" was for priced to fall or to bottom out completely. Nobody is quite sure if it has completely bottomed out, so there is still an element of risk in some people's in whether prices are going to fall further.

Banks didn't off sell properties for massive losses as this would have put the coffers in even greater in the red, however with the new bailout of the banks we could see property prices fall dramatically and banks finally off loading the over priced stock that they have been sitting on for far too long. Again, this is all if's but's and maybe's however it is increasingly likely now as the banks will now look to clean up and shape up.

Early days!

I hear you say, "But prices haven't yet fallen and it's still early days?". Prices have been in free fall (especially if you are a home owner already) dropping by 7.3% ...
... year on year since the bubble burst, it is early days in terms of the outcome of the recent banking bailout. If we look at Ireland as an example where property prices fell by an astonishing 55%, Spain does have some way to Discounted Properties Spain fall back inline and meet a creditable valuation of the property market.

But investment is about being ready, at the right place at the right time - and the serious investors will now be looking and paying very close attention to the real estate industry in the southern European country with dollar signs rolling in their eyes, as we all know someone's misfortune is another person's gain!

So is now the time to buy?

I could just offer a sales pitch and say … Yes, definitely now is the time to buy, it might be and in some cases there will be the perfect property for someone at the right place, price and time. Now is the time to be studying and paying close attention, time to register your interest and be in a position to pounce when the opportunity arises, because believe me - it is not too far away and it will not be a boat to be missed.

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