Their Pain is Your Gain, Says Spanish Property Veteran

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With thousands of speculative investors trying to offload property in Spain, now is a lucrative time to buy for those who can afford to, an industry specialist reports today.

With thousands of speculative investors trying to offload property in Spain, now is a lucrative time to buy for those who can afford to, an industry specialist reports today.

“The property market in Marbella and the surrounding areas is enjoying a real resurgence now that property that has depreciated by up to 20%,” says George White of distressed / repossessed property specialists Direct Property Investments (DPI).

“I have been selling property on the Costa del Sol for the best part of a decade, and I can report that right now there are some real bargains to be snapped up, with a lot of good stock around at low prices and plenty of desperate vendors.

“This won’t last long, because as soon as we see more investor confidence in the general investment markets, prices will start to rise again and these distressed sales for eager buyers will start to diminish.

“In short it is a great time to buy – with bargain prices I didn’t think we would ever see!”

Editor’s note: Direct Property Investments (DPI) specialises in distressed / repossessed property on the western Costa Del Sol. (Commercial Number 8,Maria Luisa Gardens, Block 3, Estepona, +34 952 80 66 09)

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Jules Reuigo
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