represent good buys. Often the owners are stalling the banks from foreclosing and are prepared to sell at a loss rather than lose out completely. Many properties were purchased in the boom years and sit with negative equity which means that advertised prices by agents are probably open to much more downward negotiation," she added.

Ms Nikolas advised anyone looking for property in Spain to research the areas they are looking at well and avoid any black spots which have been subject to compulsory purchase orders or demolition threats.

Last month, Mark Stucklin, a real estate industry expert, told the New York Times that Spanish property prices are currently at their lowest level of the recession.
 

WorldMerkel to join Sarkozy on campaign trail French president says Britain 'has no industry left' while German chancellor Angela Merkel pledges to help Sarkozy on the campaign trailFrench president Nicolas Sarkozy has reignited his cross-channel war of words by accusing the UK of "having no ind [ ... ]

FootballCroatia seeking a lift as Romania await If the mood in Croatia is slightly downcast following a third-place finish in this month's men's continental handball finals, the country's futsal side, as hosts, can provide the perfect pick-me-up with victory in their UEFA Futsal EURO 2012 Group A  [ ... ]

source: http://www.propertyshowrooms.com/spain/property/news/investors-urged-take-advantage-discounted-spanish-property_290174.html

< Prev		Next >