It’s safe to say that the recession has hit Spain pretty hard. Millions of Spanish people are trapped in debt, stuck with overpriced homes and suffer from high unemployment rates. The unemployment rate of over 20% in Spain means that many people don’t have the money to purchase homes meaning the average price of housing is going to crash. This post will outline what the market is looking like in Marbella and whether you should be keeping your eyes out for bargains.

Firstly there are currently over 1 million homes that are either unsold or unfinished in Spain. This is an extremely large backlog on a country which is pretty powerful and is developed. Having a backlog like this is detrimental to the country, it also means that estate agents are slashing prices left right and centre so they can make a sale. Some house prices have been slashed up to 50% from their original sale value in 2006.

However, even though house prices are at one of their lowest levels in a while, people are still struggling to buy. The economy means that less people have jobs and they also have less money to pay for the necessities. Of course, this means a large spiral of lower house prices and people looking to buy smaller apartments.

Real estate in and around Marbella has been affected with the overall prices down 30% compared to the high point of 2006. This trend means that investors in property will benefit hugely. An investment in an £100,000 property could turn into £130,000 in a few years time. However some people have also stated that the prices could continue to tumble and lead to an even bigger chance of making money.

The properties that are selling the best in around Marbella are one or two bedroom apartments as they are cheaper and still have the discounts associated with them. Larger houses that are expensive are having a hard time selling even in spite of all of the discounts.

If you’re unsure then you can always look at what other property investors are doing. This summer property transactions in Spain doubled as many British buyers looked for a bargain. Many believe the right time is now and that you shouldn’t wait to secure a cheap property in Marbella. If you wait too long you could see the house prices slowly increase and see that you’ve lost a great investment opportunity.

However you should never get sucked into making a purchasing decision so fast. You should always weigh up your options and decide what’s best for you. Even though the real estate market in and around Marbella and other areas around Costa Del Sol are showing very low prices, you should always do your research and get the best advice possible.

Alta Vista Spain makes this possible by giving you the widest selection of property available in and around Marbella. Alta Vista Spain will be your guide and help you choose the best location for the best price.

AltaVista Property puts the emphasis on clients’ requirements. We focus our efforts on matching client requirements and sourcing suitable properties, but given our longstanding experience in real estate and knowledge of this market in particular, we are also able to identify those properties that offer great value.

Since the recession, property prices in and around Marbella have plummeted to drastically low levels. Some properties are as much as 50% cheaper in this area. This is great news for property investors as they can see a good return in a few years. It’s also equally as good for first time buyers as it makes the purchase that much more feasible. Finding properties can be a tough process but not if it’s done through qualified estate agent such as Alta Vista Spain.

As with any home buyer or investor you’re going to be looking for the right qualities in a house or apartment. One of the first queries that’ll come to mind is the overall location of the property and whether it’s going to be right for you. Looking at locations based on criteria is a great way to start, you can ask for the location closest to the city, beach or even near specific venues.

Price as always is going to be another extremely large part of the buying decision. If you’re an investor you’re going to want to look at the previous ‘high’ price of the property and the ones surrounding it, this will give you a great indicator as to how much it’s going to be worth once the economy is out of its slump. Spotting a house and realising it could be worth double in a few years time can be an exciting thought!

Timing is nearly everything when it comes to buying property. You’ll want a time when it’s convenient for you but besides that the cheapest price it’s realistically going to be. Waiting for the market to get lower and for prices to get even cheaper is on the minds of a lot of people. However as some food for thought, the best chance to get bargain properties in and around Marbella is going to be now when prices are down from 25% – 50%. Waiting around could cause you to lose a great opportunity!

The final thing a buyer wants is to have a great experience with an estate agent. The right estate agent can make things so much easier. www.altavistaspain.com has been named the ‘Best Estate Agent in the OPP Awards for Excellence 2011’ by Overseas Property Professional. The award was chosen on criteria such as customer service and track record. Going through Alta Vista Spain can make things that much easier when looking for the right bargain property in Marbella.

AltaVista Property puts the emphasis on clients’ requirements. We focus our efforts on matching client requirements and sourcing suitable properties, but given our longstanding experience in real estate and knowledge of this market in particular, we are also able to identify those properties that offer great value.

Finding bank repossessions in and around Marbella can be a great way to find a bargain property. This is one of the best ways to go about finding a bargain property. Whether you’re an experienced buyer or one that’s new to the market bank repossessed properties can be a great way to get the most out of your money. This post will outlay how you can go about getting one in the smoothest way possible.

Firstly, when looking to buy any property around the world you need to be aware of the market. Being aware of the market and where it’s heading will provide you with many great advantages. This will ensure you have the best chance possible of securing a bargain.

The overall housing market in Spain has dipped quite heavily in the past few years. This is mainly due to the debts that people owe in the country because of the 20% unemployment rate. This unemployment rate means many people cannot pay off the mortgage for the house which leads to it becoming repossessed by the bank (mortgagee). This leaves a lot of repossessed property on the market for purchase at the best prices possible.

To say now is a great time to buy a property in Marbella is understated. House prices have dropped by an average of 25% over the past four years and are bound to be back up in a few years time. This provides you with a great opportunity to get in on the action and go house hunting.

To make the task easier in finding a cheap repossessed property in Marbella you should be willing to do your research on not only the price but the estate agent. Going through a reputable estate agent will ensure everything goes to plan as smoothly as possible.

Alta Vista Spain is a company that is known to provide top quality service. They were named best estate agent by Overseas Property Professional this year (2011). This was based on criteria including customer service and transparency. Finding the best property starts with finding one of the best estate agents.

Alta Vista Property Spain can help you achieve many different things such as advice on the location, price, property and time. All these are vital aspects even when it comes to choosing a property that has been repossessed by the bank. You want to ensure that you’re getting the most value for money possible. In the end, find out what you want, tell Alta Vista Spain and see what happens. If you do everything right, you could be coming out with a bargain property in Marbella for an excellent price in no time.

AltaVista Property puts the emphasis on clients’ requirements. We focus our efforts on matching client requirements and sourcing suitable properties, but given our longstanding experience in real estate and knowledge of this market in particular, we are also able to identify those properties that offer great value.