Spanish property prospects for 2010

“While it is clear that we have reached the low-end of the cycle and that life has returned to the market, it is also evident that this will be a slow and gradual recovery,” says Inmobiliaria Rimontgò CEO José Ribes Bas. “In the general market there are large stocks of unsold property to be absorbed first, and this will take some time. In the higher end of the market in which we specialise demand has been far more consistent, although it remains a buyer’s market and this means that buyers seek out quality real estate that is competitively priced.”

“We have entered a period in which buyers with liquid means and access to financing are in a very strong position to benefit from attractive prices – acquiring more home for their money and a very good mid to long term investment. For people like that the coming two years will be the best time to buy property.”

source : Eren