Corporate foreign exchange news

Spanish property deals available for diligent buyers

Wednesday, 22 September 2010 09:40:09 GMT

Published by Jamie Jemmeson
Although there are still many overpriced properties on the Spanish market, diligent investors will be able to find plenty of attractive deals through thorough research, according to Spanish Property Insight.
Mark Strucklin, head of the online property investment portal, explained that buyers need to exercise caution, as there is "plenty of overpriced rubbish on the market which you should avoid and give a wide berth".
However, for those who do their homework and search around for the very best deals, there are parts of the market that have hit bottom and are now offering attractive prices, making it "a good time to be a buyer".
Mr Strucklin's comments followed research by Rightmove Overseas demonstrating that there has been a marked downward shift in interest in the foreign property market in the past two years, with search activity falling 37 per cent overall.
Turbulence in global forex trading conditions during the periods has also highlighted the importance of searching around for the best foreign property mortgage deal.
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