What are the emerging trends in the property market in Spain?
Surely everyone even vaguely thinking about buying a property in Spain at the moment must be aware that conditions have changed quite dramatically. After several years of strong growth property prices peaked in Spain in 2004 and have been declining since, albeit at different rates and amounts in the various regions, and it is true to say that there is no such thing as one Spanish property market. While the new-build, off-plan sector is in meltdown in some regions the top-end quality market in the very best prime locations is actually doing rather well. Serious sellers are lowering their expectations and, therefore, their asking prices and serious buyers have entered the market now that it is so weighted in their favour.
