When buying a home in Spain, you can have a piece of it all in Spain: beauty, history, culture, lifestyle, sophistication. And you can have it all for a lot less than you could a few years ago. How so? Property values in Spain have leveled out for the time being. Some areas are even considered “bargain areas.” In these areas you can get luxury and style for very little cost.
Cheap property in Spain
These days you can find cheap apartments and cheap villas everywhere, and this is also true for Spain. The property market has taken a dive with about 20 - 30% and is now a stand still. The only properties sold are when the owner needs an urgent sale.
Distress sale in Spain
Owners in financial distress are often looking to sell at prices considerably lower than the market. The reasons are often personal, however right now many Englsih and Swedish owners are using the benefits of a low home currency. When selling a home in Spain, they receive euro which is then converted to a much higher amount than usual. Here you can find a list of Spanish properties on distress sale.
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