Strange people with nothing better to do might have noticed that I no longer publish a regular stream of Spanish property news in this section. From now on I’ve decided to put the news in a special section of the forum (Spanish property news) where discussion is easier. Personally I find I get more out of the news when it is picked over by our well informed and opinionated community of participants in the Spanish Property Insight forums.
So what’s left for this section? This is where I will publish my own articles, opinions, research and reports on everything to do with property in Spain, plus articles written by some of my expert guest contributors. This is where you’ll find the real insight to help you take informed decisions, be you a buyer, vendor, owner or investor in Spanish property.
One consequence will be more stuff to share with you, so I plan to send out a news bulletin once a week starting in June, up from the present rate of once a fortnight.
There is another good reason why there will be more articles, news and information to share with you from now on, and this because things are getting more interesting on the Spanish property front. After five years of declining house prices, declining transactions, declining housing starts, declining confidence…, I think we are approaching the bottom of the market in some popular coastal areas and key cities like Barcelona and Madrid. These are interesting times.
The bottom of the market is a time of risk and opportunity. It’s when the majority capitulate and smart buyers make money, and you only really see it with hindsight. Personally, I’d always rather buy close to the bottom than close to the top. The paradox is most people feel safer buying after years of rising prices that lull them into a false sense of security. As a rule of thumb you are safer buying after years of falling prices, when at least you are more aware of the risks. Spanish property prices have now been falling for five years, and are now down around 50pc or more. I think the bust is played out in many popular areas, but I don’t expect a dramatic recovery a la Florida or Dubai, but who knows. Whatever happens, I’ll be sure to keep you informed.