Spanish investors 'could snap up bargains'
04.09.2007
Competition among estate agents in Spain could result in some bargains being snapped up by property buyers, it has been claimed.
Savvy investors were told by Homes Worldwide that increased competition in the sector has led to some firms making more generous offers to consumers.
For example, some were said to be lowering the amount of commission they charged on each sale, as many usually called on customers to pay more than five per cent.
Small companies in particular were said to be at risk in the current climate if they did not offer a competitive deal, as many have been going out of business.
According to Homes Worldwide, some estate agents in the north of Spain charge commission of at least three per cent, while those in the Costas tended to charge "significantly" higher amounts.
Recently, the news provider urged prospective investors to look at the availability of resales on the Spanish market.