Spanish Property experts Spanish Hot Properties strongly believe if Spanish property buyers looking for a bargain property in Spain don’t act soon they may lose out. This incredible claim which is hard to believe in such a depressed market is because it looks like Investor groups with substantial funds are now ready to move into the Spanish property market and thus taking the best priced properties off the market claims Susana Suspenda the Marketing and Operations manager for Spanish Hot Properties
“The major reason Costa del Sol property is so depressed at the present time is due to a massive oversupply of property on the coast with far too few buyers and far too much property but Costa del Sol is still where the majority of people want to be with the widest choice of lifestyle anywhere in the world from the rich and famous in Marbella and Puerto Banus to the more sedate areas like Nerja and Duquesa where its possible to live very cheaply indeed” explained Susana.
However it now looks like big Investor groups are finally ready to take advantage of the property market where some properties can be bought for less than it would cost you to build taking all costs into consideration. “We have always known that investors were going to come into the market in 2009 but our best guess was around September time but it now seems a few groups want to make sure they get the best properties and plan to move in very soon with one group looking to buy as many as 200 units at the best price. Obviously if they are successful in that they will be taking all the heavily discounted properties that have 35% or more reductions from last years price off the market. This will be a positive move for Costa del Sol as a whole with around 2.8m in Stamp duty alone helping the economy in such depressed times. However the draw back is that the individual property buyers may lose out and not be able to buy the property bargain they were hoping for and our advice would be to make sure you don’t lose out and act if you get a really good deal. What were talking about here is the heavily discounted product from Developers needing to sell and obviously there will still be some distressed sales where the Vendors will not want to sell at the price these Investors are offering” said Susana.
Spanish Hot Properties are now looking for more products for its investor clients. Any developers and vendors who are prepared to sell at heavily discounted prices should contact Spanish Hot Properties either by phone or email.
If you would like to find out more about this fabulous offer from Spanish Hot Properties then call or email them today.
HQ Mailing Address:
Spanish Hot Properties SL
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana
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Website; http://www.spanishhotproperties.com/
