Growing numbers of distressed sales are entering the market, enabling those with the potential to purchase and those able to obtain financing, a fantastic opportunity to find a lifestyle home or long term investment property.
Overseas property investors in Spain now have far more influence on the housing market due to the recent downturn in the Spanish property market and purchasers now have far more "pulling power" during the purchase process. Consequently, those who are selling their properties have to make far more concessions to concerned parties, as they may only be dealing with few prospective buyers.
Spain may be licking her wounds after her spectacular property rise and fall, but there are signs that the worst is over. Statistics show that sales of property in Spain are slowly recovering; agents and developers in Spain are under closer scrutiny following a series of corruption scandals; and there is now a healthy dose of caution in the air.
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