With so much talk about the Irish property market, isn’t it great to hear that at this moment in time there’s probably no worse property market in the world to be looking at than the Spanish one.
In summary the property market there is pretty crap at the moment. Buyers have vanished and mortgage finance … is desiccated. But if you are looking for a long term investment then here might be your place. You have a choice of buying one of the many developments that are up for sale at a fraction of the original selling price or move inland away from the sea like many other potential investors. Many are heading towards the city where the buy to let market is beginning to pick up.
But Beware! As with economic downturns of other countries a large number of construction companies in Espania have gone belly up leaving several investors with partly finished properties.