Costa del Sol's Property Specialists

Recent statistics have shown that the Spanish property market has grown by 16% in February compared to the same month last year. Excluding social housing, there were 35,720 homes sales in February with 21,368 of them being new builds and the balance of 19,665 as re-sales.

After much speculation by local businesses and media, many believe the property market has reached the bottom and is starting to recover after two years of decline.

Despite the erratic improvement in the Spanish property market, we are some way off the volume of sales that were experienced in 2007.

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Buying property in Spain and in particular the Costa del Sol is still a wise investment choice, as long as you have the right professional team behind you and advising you on the best course of action. Despite the world economic climate that we have all experienced and lived through, if a ready buyer has cash in their pocket, the simple fact of the matter is that they are king, and only then do the “mythical” bargains actually start to exist. Also, if a prospective buyer definition of bargain is of a realistic making, and taking into account the surrounds, location, amenities and so forth, then yes there are good property deals to be had.

However, it is essential and absolutely necessary that people, who want to buy in Spain, must seek professional advice and not to be swayed by fantastic prices and good salesman talk.

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In a bold new move to under-cut local estate agents and Spanish Banks, the Junta de Andalucia has announced the launching of its new website that will provided thousands of homes for sale at a 20 per cent discount, plus favourable financing conditions. With the Junta de Andalucia and Spanish Banks vying for the few potential buying Clients, there are very few buyers left for the local Estate Agents, who might know a thing or two more about property then government officials and bankers.

This new financial incentive is being used to attract new buyers to Andalucia, with many local officials saying the “bottom has been reached” and “property prices will not drop any further” with the hope of stimulating both the property and construction sectors.

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