Agent advises now's the time to buy property in Spain
As some property prices in Spain reach their lowest level for six years, and rumours of expectations of possible price rises in the future spread, one Cheltenham-based agent is advising anyone thinking of buying property in Spain to do so now.
According to the Cheltenham-based Almanzora Group, a real estate agent selling properties in the Almeria region of south-east Spain, now is a good time to purchase a new home in Spain, where prices in some resort, village and beach locations are the lowest they've been in six years, but which are tipped to rise significantly in forthcoming years.
In response to current market conditions, the developers of the resorts which the Almanzora Group is promoting have reduced the prices of some properties to levels not seen since 2003.
"Over the years, the property market in Spain – especially the 'investment' market - has proved to be extremely cyclical, much more so than it is in the UK. Therefore it offers much greater and, in reality, more obvious rewards to those who take timely and thoughtful advantage of it," says Bridget Rosser, the company's sales and marketing manager.
"Although setbacks must occur, just as they do in any economy and in Britain, I predict that the overall market in Spain and in its coastal provinces will recover in due course to even greater values, undreamed-of at the height of the previous boom."
Bridget says that this is because, despite the credit crunch and the current downturn in confidence affecting the immediate market, powerful underlying trends ensure that potential demand continues over the longer period.
The Almanzora Group has announced reductions across the board, ranging from discounts of 20% to 30% off the prices of the properties it is selling in well-established developments in Almeria.
In addition to Desert Springs - Europe's only international award-winning luxury family resort and championship desert golf course – they include the traditional fishing village of Villaricos and nearby Playa Marques, known for its 7km long Great Sandy Beach, El Playazo. The properties range from apartments, townhouses and cottages to villas, beach houses and country houses.
For more information, visit www.almanzora.com
Information courtesy of Tim Stanley Public Relations and Almanzora Group
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