25 Mar 2012 18:56: Now is definitely NOT a good time to buy in Spain nor many other Eurozone countries if you're British.
Despite prices in Spain falling up to 50%, and more, the Pound also has fallen from it's highs of 1.64 which we bought property at to around 1.15-1.20 currently against the Euro, approximately the pound is trading about 30-40% lower.
In real terms for Brits, you're hardly getting a bargain in Spain, very often paying the same in Sterling terms as you would have years ago.
Plus the Eurozone problems still persist, already the attention is switching to Spain and it's Banks, there could still be mayhem to come, and if that happens, property prices will fall further in Eurozone countries.
You may end up buying a dated property now and poorly built too, and with Spain's vast unsold oversupply of properties to shift first, now is not the time to buy!
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