11 May 2012 17:39:I'm probably more optimistic than most posters on this thread. Those who have been around a long time wil know that these things are cyclical. The recovery will come gradually. In fact, thare are buyers coming back int the market: from Scandinavian, Germany, Rusia and more recently Latinamerica (like myself). Why are prices not recovering then?, I hear you ask. Very simply, because there are too many properties for sale and because the banks are not lending. But money is being invested in good quality, well located properties.
The property market in Spain is very complex and so different, even within the same areas. Take Costa Blanca South, for example: very overbuilt between Alicante and torrevieja, and yet very attractive further south, particularly between La Zenia and Torre de la Horadada, where building restrictions resulted in fewer andbetter quality properties being built. No wonder the spanish flock to these areas in the summer and so many Spaniards and other Europeans spend winters there.
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