Thinking of buying a home in the sun? Look to Spain for bargain properties as housing crisis comes to an end, say experts
After what seems an eternity, it’s over. No, I’m not referring to the General Election, but the long-running Spanish housing crash.
‘After seven years of consecutive declines we’re starting to see signs that Spanish house prices have bottomed out, and even started to rise in some segments,’ says Mark Stucklin, the Barcelona-based British editor of Spanish Property Insight, a website for buyers.
Tinsa, a Spanish valuation service, says prices of homes on the Mediterranean coast rose 0.2 per cent in March – the first increase since January 2008, since when average values across that region have fallen by an extraordinary 48 per cent.