(PRWEB UK) 11 September 2012
In a property market such as the one in Spain at the moment, the last thing property investors should be looking at are those regions that were overlooked, even during the last property boom. According to analysts at Colordarcy.com.
This includes regions such as Murcia where property investors have been tempted by news of the new Paramount Theme Park.
Loxley McKenzie, Managing Director of Colordarcy.com said, “With the Spanish property market, it is all about buying quality property in good locations at a substantial discount below their original prices.
The best thing about investing in Spanish property at the moment is that you can now invest in established locations such as Marbella at 60% below original prices. Now at these prices, further declines in value are unlikely.
Marbella is arguably Spain’s most fashionable and popular holiday resort, so even the most cautious investor can see the value in a market where 100% mortgages are also available to investors.”
Analysts at Colordarcy.com urge caution when investing in Spain and point out that investing in Spanish property requires a degree of knowledge to choose the best locations and find investment property or holiday properties available at the right price.
McKenzie added “It is well known that banks are attempting to reduce their exposure to the many property developments that were built during the boom years and this makes it an ideal time for those investors looking for a holiday property that will increase in value over the long term.”
Spain is also creating a ‘bad bank’ to absorb the tens of billions of Euros in unpaid loans and unsaleable property. This, it hopes, will clean up the banking sector and put the economy on a more even keel.
The knock on effect of all this is that the banks will be attempting to wrap up the sale of properties they believe need to be sold before autumn and winter arrive. Colordarcy believe it will be interesting to see the further opportunities this will present to investors over the coming months.
Either way according to the investment firm, now is an ideal time to invest in that Spanish holiday home and take advantage of low risk finance in the short term and strong capital growth prospects as the Spanish economy recovers in the long term.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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