Now might be the opportune time to invest in new Spanish property as prices continue to fall, according to a real estate valuations company
The Sociedad de Tasacion says that since the country’s housing market collapsed in 2007, new house prices have fallen by 33.5%.
And with prices predicted to fall still further through 2013, experts say this could tempt international property investors to step in and start buying the huge amount of unsold homes.
A spokesman for the firm said: “As prices continue to drop we expect this will make the properties more attractive to international investors and this will help absorb stock.
“Demand is still low in Spain for new property – and prices have suffered as a result falling 6.9% in 2012, year-on-year. The biggest falls were recorded in the Na