Posts Tagged ‘Bargains’

Now could be a good time to pick up a bargain Spain property on the Costa del Sol.

According to Digital Journal, the fall in property prices is luring bargain hunters to the area.

Recently established businesses are also showing signs of conquering the recession.

Andy Golding, Marketing Manager at yourVIVA, told the website that he expects gradual increases in property values to start as the economy worldwide stabilises.

He added: " The attractions and opportunities of Spain will always remain drawing holiday makers and settlers alike, so future prices will certainly rise ensuring a buoyant property market."

Celebrities are also taking an interest in investing in the area.

James Hewitt, friend of Princess Diana, launched his bar The Polo House in April and England and Tottenham Hotspur footballer David Bentley invested in Marbella’s Buddha Beach Bar earlier this year.

The Costa del Sol will be host to the Feria y Fiestas 2009 festival between July 7th and 12th this year in the town of Estepona.

Visit Rightmove Overseas for the best selection of Spanish property. Stop dreaming, start searching!

Those looking for Spanish property bargains can see a good example in Mallorca of how much less distressed properties in the country cost, it has been stated.

Real estate firm Spanishhotproperties.com said the house in question - which would normally be worth €450,000 (£398,000) - is now available for €295,000 as it has to be sold by September.

Such a price might not be such a bargain on the Costas but "this reduction in Mallorca really does represent a true distressed sale", noted managing director of the firm Nick Stuart.

He added that while some overdeveloped parts of Spain have many bargains, it is "really worth taking a closer look" when such an asset becomes available in Mallorca, as these are much rarer on the island.

Buying property in Spain is becoming a more popular activity among investors, a new survey has found.

The latest homeoverseas.co.uk study of searches on both individual properties and countries has revealed that the country is now the one with the most hits, overtaking previous leader Portugal.

Visit Rightmove Overseas for the best selection of Spanish property. Stop dreaming, start searching!

There are plenty of bargains now for those seeking to buy real estate in Spain, an expert has said, something that may interest those particularly keen on Costa del Sol property.

Director of property portal Nubricks Adam Samuel said that the market in Spain has seen prices falling before the world economic crisis began, with this decline having fed into pricing.

He commented: "Now there’s quite a lot of distressed or below market value properties on the market, while you’re seeing up to 50 per cent reduction in price."

Mr Samuel added that this has brought more buyers out as even in a crisis there are people hunting for bargains, which in this case are "becoming available".

Such bargain hunters may include those looking for cut price Costa del Sol property.

Earlier this month Spanishhotproperties.com said now is the best time to invest in Costa del Sol property as the number of bargains may diminish, with large investor firms poised to enter the market later in the year.

Visit Rightmove Overseas for the best selection of Costa del Sol property. Stop dreaming, start searching!