British professionals moving to Spain have been told that now is a good time to purchase a property.
Les Calvert, director at Property-Abroad.com, explained that the company has been recommending to its clients that if they come across what they consider their dream home in Spain, to snap it up quickly.
Even though there is potential for prices to drop as much as 15 to 20 per cent, expats will be making a good judgement to get on the property ladder swiftly – there will be a lot of interest in such homes.
However, Mr Calvert added that there were exceptions to promptitude, especially at the top-end of the market.
“I would probably advise giving it a little longer – wait and see. If it drops another £20,000 or £30,000 then you are going to be kicking yourself,” the property expert said.
Securing finance in Spain is relatively simple, Mr Calvert went on to say, giving the example of repossessed property. If British professionals are buying such homes from a bank, it is very likely they will be supported with generous financial packages.
“If they are buying with cash or through an external source unrelated to Spain, then that gives them a lot more buying power and a lot more negotiating [room], whether they are buying from a bank or someone private,” he also highlighted.
“It is an excellent time to be buying a property in Spain. If you have got all of the advantages stacked up with you, then there has never been a better time.”
Property-Abroad.com specialises in offering overseas property and real estate for sale in worldwide destinations for people looking to buy a holiday home or mobile home abroad.
Cadogan Tate is a preeminent moving and storage company that specialises in international shipping, helping professionals safely and securely transport their belongings abroad.