The Climate’s Right for Some Bargain Hunting
Today’s cooler Spanish property market has thrown up some good deals for property investors who are informed enough to sort the wheat from the chaff. As the banks tighten their credit and economies across the Eurozone feel a squeeze, many vendors are keen to exit from their investments sooner rather than later and the vultures are starting to circle overhead ready to make a swoop on a bargain.
Carrington Estates is acting on behalf of a number of such vendors who are sitting on prime building plots within gated country club style communities but now need to release their capital. Paul Rossiter, Managing Director, comments, “This minority of individuals may be prepared to consider offers of up to 30% below asking price which would more than compensate for the weakened buying power of the pound and any reduction in value of UK assets. One man’s misfortune is certainly another man’s opportunity and the purchase of an undervalued plot today could prove to be a little plot of gold when the market inevitably gathers speed.”
Whilst keen to protect the personal circumstances of individual clients, buyers looking for a mark-down investment should contact Carrington Estates today to discuss deals currently available.