Because of the recession and the property slump there are many places/resorts/estates in Spain where there are many properties vacant and up for sale but there are few buyers and as a result sellers are struggling to find buyers for their properties. These areas are ghost towns in that there are few people living there and things are very quiet. Can someone please tell me where the worst affected areas are and is it worthwhile buying a property in such places and can one snap up a bargain in such areas given that there are so many properties up for sale and there are so few buyers?
BTW Be careful how you define “bargain”. I’ve heard stories of councils practically giving away free plots of land in the more “rural” areas, provided you live there for at least 6 months of the year! There is a reason why few people are taking up these offers!
Everything you need to know about property in Spain
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