Imogen Calderwood
THE Spanish property market is bouncing back with a boom, according to many pundits.
Property experts insist that now is the time to take advantage of the buyers’ market and get your hands on cheap land and housing.
Want to know the whys and wherefores?
The guys at the Investor Academy, in collaboration with Marbella-based Alta Vista property, designed this neat infographic breaking down the reasons behind Spain’s current property boom.
Check it out to put yourself in the picture!
This article should come with a health warning, like, “investing in Spanish property could seriously endanger your bank balance”.
They should have pigs flying in that diagram lol.
obviously property construction has fallen, for the simple reason that there is a record number of vacant properties unsold. Sounds like the usual hype published by companies in the property business. For what you get, I dont think prices are low in Spain; they were just ridiculously overpriced before the crash.
This is the best ever diagram of cloud cookoo land.
Never read such rubbish.
Estate agents should be banned and there should be a central authority, as in the sensible Netherlands.
all the off plan cons sounded very good and plausable
even had showhomes with great CGI pictures of what the completed development would look like
The sales people were generally very presentable and convincing
and you did all your Homework and used reputable Lawyers and notaries there were Bank Guarantees in place
What could possibly go wrong with your planned dream in the Sun
Well we all know
Whatever spin they put on the Spanish Property situation
Spain has made no effort to sort out planning or illegal build problems / nor has the EU and Spanish property is just not a good investment
Yet more dangerous talk and hype from another estate agent working in a totally unregulated property market.
There is no ‘current property boom’ as the article says, the market has picked up from a very low base but only in good areas on the coast, and, not from Brits who still have a poor exchange rate compared to the ‘boom’ days. Transaction costs are exorbitant, VAT on new homes is planned to increase again from 4-10%, still far too many illegal builds, and a huge glut of unsold property that will take years to absorb before the next batch makes another glut.
Buyers Beware!!!
“Property experts insist that now is the time to take advantage of the buyers’ market and get your hands on cheap land and housing”. Don’t you just love “experts” What a load of rubbish!