A different perspective on Spanish property

You’ve probably already heard about the bad property news from Spain. Unfortunately, most of them seems to be factual and backed-up by reliable data, and most of the good news is just promotional materials.

However, the things are not as bad as they seems. The truth is that the Spanish property market is not dead, it is just slowed. Properties in Spain continue to be bought, just not so much as before.

You know, the Spanish property market is more than properties on the popular costs, and the popular costs are the most influenced by the crises. There are still buyers for properties in
areas that haven’t seen huge off-plan development and its unwanted effects. And there is the true market at the moment.

We cannot paint the whole picture by knowing just a few current bad news. The things usually have more than one side. And the media leaves the impression that all things on the Spanish property market are bad, bad, bad! Of course, there are bad things, but there is also a light in the tunnel.

One Response to “A different perspective on Spanish property”

  1. Even in the deepest of recessions the Spanish property market will not be dead but the state its in now isn’t far from it. The odd sale divided among the thousands who are trying to make their living from selling houses can hardly be considered a healthy pulse.

    In addition to the problems with the credit crunch and the fact that mortgages in Spain are now among the most expensive anywhere we also have the fact that at long last, potential buyers have realised that in Spain it is possible to lose all of your money merely by trying to buy a house. Incompetent lawyers, dishonest estate agents, corrupt local authorities, land grab laws are only a fraction of the horrors awaiting the ill informed spanish property buyer.

    If the market really hopes to see itself establish once again then it needs to clean things up. Valenica needs to liste to the EU and get rid of the LRAU and the LUV. The Spanish government need to clean up the property market and put in place legislation which makes it impossible for foreigner and Spanish buyers alike to be defrauded of their money.

    Then and only then might we see the market start to improve. Until then, foreigners looking to buy property will do as they are doing now which is simply buying elsewhere.

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