Spanish property prices 'set to fall further'
14.01.2010
The level of interest in Spanish property is beginning to increase, it has been suggested.
Paul Bradley, a spokesperson for the Spanish Property Owners Guild, noted that people who failed to invest in a foreign home last time they were cheap are now looking for bargains.
However, he claimed that prices are likely to fall further in the future.
"The old business adage of follow the money still prevails. The money at the moment is staying firmly under wraps, so keep it and wait for the bottom of the market," Mr Bradley commented.
Despite this, it does no harm to start researching the market so that you are able to move quickly when prices bottom out, he added.
Figures published by Primelocation last month revealed that searches for international property in November were up by 100 per cent compared to the same period in 2008.
The volume of searches has almost returned to pre-credit crunch levels, the company noted.
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