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How good or bad is the Spanish property market?Clouds may be gathering on the Costas but there is still smart money to be made. Ten years ago a newbuild apartment near Puerto Banús would have sold in a heartbeat. Now agents struggle to shift them even after hefty reductions, such is the level of suspicion among Britons that the Spanish Costas have become property nogo areas, where your investment will fade faster than your tan. Meanwhile, buyers who bought offplan are losing property and money as developers go bust and Spanish banks fail to honour guarantees. But where one person sees disaster another spies opportunity; which is it to be for Spain? View the whole article at Times Online |
