Spanish property bargains to be found
23.01.2009
People looking for property in Spain can now find a variety of bargains, a property investment company has claimed.
According to Obelisk, an investment firm, price slashes of up to EUR 50,000 are reportedly commonplace while properties at the very high end of the luxury market are seeing cuts of up to EUR 1 million.
The firm has also suggested that 2009 is the time to buy as many experts claim recovery is likely in 2010.
James Gonzalez, market analyst at the company, said: " Spain might have an oversupply of property, particularly cookie-cutter two-bedroom apartments, but the country offers three factors that mean recovery for property is almost a given."
He said these factors were the country's warm and sunny weather, easy accessibility and high quality of life.
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