Brits ''still want to buy property in Spain''

By MoneyhighStreet Staff. Published on June 28, 2008 This post currently has no comments.

Spanish Villa
British consumers are still keen to buy property in Spain, even if the current market conditions are forcing them to delay their purchase, an industry expert has said.

Mark Stucklin of Spanish Property Insight explained that there was still demand for property in Spain from people in the UK and some were even using the current market conditions to their advantage.

He explained that the recent reports about the failure of the investment market in some parts of Spain had put an end to the phenomenon of "speculative herd buying". Instead, people who genuinely wanted to own a holiday home in the country were "doing their research".

"There are still people with money who want to buy in Spain for their own reasons, and if they’re going to buy they’re going to use this market to get better quality and they can now buy at a better price than in the last few years, so in a way they are already getting better value," Mr Stucklin added.

In particular, the expert suggested that people were still considering "the posh part of the Costa Brava, the northern Costa Brava, [and] the Balearics in general" as places to buy in Spain.