Debate about Spanish property market

[Jaralaraone]

There still remains some confusion about the situation of the Spanish property market. Last Wednesday Nubricks, an overseas property blog, arranged a debate with three top Spanish property experts. These have discussed whether the Spanish property market will boom or bust in 2007.
The debate mentions the possibility that the oversupply of properties will have its effect on the Spanish property market. These effects will only be restricted to the regions where this oversupply occurred. Malaga is a region which loses popularity because of their oversupply.
According to the experts, the boom of the recent years is over and the Spanish property market is preparing itself for a soft landing. The rapid growth of recent years is slowing down which, eventually, results in more realistic prices.
The Spanish market at the moment is a buyers’ market and not a melting market where properties will be given away under value. The properties in Spain include a much greater overall package and value than what is offered in the emerging markets. If looking for a holiday house or a permanent residence in Spain, now is a good time to look around.

From realestate-dreams.com