Spain offers home buyers the best value for money for ten years says British property company, Assetz. With property prices down by as much as 40 per cent in key tourist hotspots, like the Costa del Sol, overseas buyers were trawling the market for holiday homes at “rock bottom prices” the company reports. It has received a 150 per cent increase in enquiries in the past three months.
Today, a three-bedroom villa with pool on the Costas can be bought for around Euro400,000, compared to Euro650,000 at the peak of the market the company says.
Buying agents, like The Property Finders, consider the bottom of the cycle may have been reached for upmarket homes on the Costas.
However, buyers are advised to avoid homes valued at less than Euro150,000 which are in huge oversupply. Spain has one million empty homes, many of them unwanted holiday apartments.
(All The World's a Home : Global Property News)
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