Early this year the European Central Bank declared the Eurozone is stabilising. With that the property markets reported renewed confidence amongst buyers.
But with recession still crippling many of the economies across Europe - is it really the right time for Brits to be investing overseas?
All across Europe prices have dropped considerably. In Croatia for example they’re down 25%, in Greece they’ve dropped 30% and in Bulgaria by almost 40%. Across Spain across the board they’re down by 30%, but if you look closely and do your homework, in areas like Malaga and Valencia they’re down by an incredible 50%.
A recent HSBC report found that 38% of retirees are considering a move abroad – that’s 5.4 million people.
In the Tonight programme, at 7.30pm on ITV, Jonathan Maitland investigates the current property market in Spain and asks - is now the time to buy our bargain in the sun?
Christine Walton has a budget of £200,000. She is on her first research trip to Spain and views 2 properties in the Costa Blanca Region.
For more information on these properties contact Property Repossessions.
George Kitching also has a budget of £200,000. Along with his wife and three children he’d like to start a new life in the North of Spain. As a tree surgeon he would work the land and develop a resort that would tempt others to sample the more rustic life.
He’s viewing an abandoned village in the Galicia region with 4 houses, three barns, a cattle shed and about 100 acres. All for £185,000.
OTHER PROPERTIES FEATURED ON THE PROGRAMME
In Spain at a resort south of Murcia there are nearly 200 apartments for sale:
Contact Polaris World for more details.