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Property investors in Spain 'should wait a year or more'
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Posted on
May 09 2008 6:24 AM
by
adeal
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Property investors are being advised to return to the Spanish property market in 12 months' or two years' time when there will be bargains to "snap up". According to the Spanish Property Owners Guild, the housing market in Spain is in a "valley", with prices and sales falling. There are over one million unsold apartments in the coastal areas in various stages of construction. However, estate agents are hopeful that the market will "bottom out" within the next 24 months years and then begin to recover.
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