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It is thought that the serious buyers come to view out of the peak holiday periods. The demand is highest in February and March and again in October and November, but of course there is also a steady interest throughout the rest of the year.
There is now a choice of British Banks and Building Societies together with their subsidiaries on the Costa del Sol who will provide you with a mortgage in euro or pounds sterling. If your purchase is for an investment return most advice is to borrow in the currency in which you earn. Which ever way you decide to finance your Property Purchase, you will enjoy Spain and the Costa del Sol.
Along with UK property scene The Spanish Property Market is also going through a difficult time. As a result, those of you thinking to buy on The Costa del Sol and the Costa Blanca could well pick up a bargain. While new properties are continuing to be built, a lot of the large construction projects have been stopped until economic climate improves. The Estate Agents are struggling to move resale properties and are now charging lower commissions to help the situation. It is a buyers market. The web site www.costadelsolweb.com can guide you to properties for both rent and sale, The estate agents are focused on providing a personal service for buyers and sellers at realistic prices. There are bargain Properties for sale on the Costa del Sol and also cheap Properties for sale on the Costa Blanca. Most Properties are now changing hands at a discount some by as much as 25% to 30% below the original asking price, Although the favourable exchange rate has gone for the time being and who knows when UK buyers will again have that advantage..
All of this is good news for buyers and although there is still a demand in The Costa de Sol & The Costa Blanca for properties over one million euro. Do not be afraid to negotiate. Serious vendors have to accept offers if they wish to sell quickly. Good properties can be picked up in desirable locations well below the advertised price.
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