SpainLINKED Online Magazine - ISSUE 3 SpainLINKED Online Magazine - ISSUE 3 | Page 9

SPANISH PROPERTY MARKET

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5- Are Repossessions as attractive as they seem now?

Banks dominate the market because they hold the largest portfolios – more than half a million properties. Individual banks use this to their advantage since they will tend to mortgage properties that they are selling directly rather than giving mortgages to buyers of properties being sold through other sources. Therefore, if the price and location is attractive for you, repossessions can be lucrative propositions.

6- How can TheSpanishBrick.com and Spanish-Real-Estate.com help me if I am a home buyer or a property investor?

We give impartial views and information about the national, local and micro markets, plus independent insight into what is happening in the current climate. We respond to your general enquiries and we can do bespoke research about specific locations and markets. In order to obtain useful guidelines to assess whether it is a good time for you to buy in Spain, free advice is provided from professional experts regarding the legal, financial and buying process.

ARTICLE BY STEVE HALL