Spanish Property Bargains - That Question Once Again!

An article in Thursday's Telegraph once again poses the question about whether property in Spain is a bargain. It follows a presentation by Spain's Minister for Housing Jose Blanco and Secretary of State for Housing Beatriz Corredor to UK investment fund managers and financial advisors. The purpose of the presentation was to encourage investment and uptake of the surplus housing stock, much of which the article reports, is on the coastline.

I actually cringe if I get a client who says they are looking for a bargain. Not because I do not want to find them a good value property, but mainly because the so called 'bargains' I have seen widely advertised are mainly properties that I would not have purchased when times were good, and certainly would not recommend now. Why? Usually because I do not think the location is particularly good, the build itself anything special or I feel the overall development is lacking.

That is not to say there are not some good value properties to be found. However they are mainly on a case by case basis, the last completed new build on an attractive completed development, or a resale in a fantastic location that a seller is marketing at a realistic price.

Is is far easier to find a client a property they will be pleased with once I know they are sure about location, the type of property they want and the reason they wish to purchase. Then you are on a firm footing to find them something that will match both their budget and their expectations.