Spain price dip may fuel demand
Steadily declining house prices are expected to draw
more property investors to Spain over the next few
months.
Property prices in Spain have already fallen to nearly half
their peak levels, and some of the country's leading market
watchers have forecast further declines of between 4.4% and 10%
this year.
With the biggest falls predicted along the Mediterranean
coastline, it may be an opportunity for investors to snap up cheap
real estate in popular holiday destinations.
Spain's housing market has been hit by a combination of surging
interest rates and oversupply of properties.
The downward trend in prices is expected to continue into 2012,
according to data from various measures and indices collected by
Spanish Property Insight.
However, investor interest in bargain properties could drive up
demand over the next few months.
Copyright Press Association 2011 | Jake Richards
