(PRWEB) May 18, 2011
The Spanish property market has undergone a lot of turmoil recently, with many British home buyers looking to invest in property abroad, no longer interested in Spain. However, with over 700,000 empty new homes in the country, and property remaining unsold for a few years, this is actually an opportunity for investors. However, many buyers are currently hesitant, knowing of or hearing about problems regarding property in Spain during the past decade, especially during the 2007 housing market downturn.
As a result, overseas property specialists BuyAssociation have released an updated version of their “Buying Property in Spain” buyer’s guide. This will give readers an updated picture of what they can do to make sure that they take advantage of a good opportunity, without falling victim to a misleading one. In the current market, the buyer must be more wary than ever, particularly with issues such as illegal development licenses.
Still, property in Spain will always be a top choice for British buyers, due to location and lifestyle factors. With a warm climate and only a quick flight from the U.K., buyers and investors alike will always be interested in the range of properties, whether seaside beach resort homes or golf course property. However, many say that property in Spain will never be the same with the economy contracting slightly in the past year, and the government trying hard to reduce an overall national budget deficit, along with a high regional unemployment rate. Having said that, while investment may come with risks and property markets continue to change, the sunny skies and leisurely lifestyle will still be there.
This has been the case for a few years and BuyAssociation advises its readers to think carefully before making a decision to purchase a property whether for investment or to move to. We offer members a wide range of articles, guides and podcasts about the Spanish property markets, including the ability to ask our team of experts for any advice on Spain and for that matter many other property markets around the world.
View the updated Spain property buying guide and more info about the Spanish property market at http://www.buyassociation.co.uk/property/buying-a-property-in-spain.html - and find out more about how to make the right investment.