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Real estate in Spain - 2007/06/04 04:05 I'm thinking about moving to Spain for living and working. I have been to Spain quite a few times on travel and I deem that it is the worthy visiting country in the world. And I have been searching for the property in Spain but I don't know which area is the best place to live. I have found some related sites, spanish property and buy property spain . But I don't think living in the tourist place is the advisable choice, such as tenerife . I wonder if you could give me some other suggestion or recommendation. Any help would be much appreciated!
Thanks in advance!
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Re:Real estate in Spain - 2007/06/06 12:22 First of all.. please let me tell you to be very careful when buying property abroad... do your research, do your research, do your research..

My sister bought a property in spain about 5 years ago and didnt look into any lawsor regulations and quickly got her fingers burnt by spanish property developers who took her money and built her an extention on her house without proper permission.. It took her two years of expensive court battles before it was resolved...

onto your question..

Spain is a big place..

It really depends on the kind of lifestyle you would like to live.. if you are a young person who likes to visit the clubs then probably near to a tourist area might be the place for you..

there alot of things to consider.. do you speak spannish for example? because the further away from the tourist spots you go the less english people you will find..

I would definately go for somewhere slightly away from the tourist spots.. far enough away to get away from the noise but close enough that its not far away from the bars by taxi or bus..

as for an exact area i heard just around benidorm is nice these days

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Re:Real estate in Spain - 2007/08/03 02:12 Here is an information about the property in Spain, hoping this could give you some help.
Is the Spanish property market about to crash?
According to the Times, the Spanish property market is about to burst. This leaves many sellers, buyers and property owners in an insecure position. What is going on? Is the real-estate market in Spain really about crash?
The Telegraph believes that there is no reason for any panic. In Spain the prices of the houses have been rising through the roof since 1997. Luckily, this increase is stabilizing. This leaves the market with more realistic prices than in the past, with advantages for both sides, chances for selling are higher and it will go faster and buyers pay reasonable prices.
According to the Spanish government the property inflation is slowing down from 18.5% in 2003, 17.2% in 2004, 12.8% in 2005, and 9.1% by the end of 2006. The first three months of this year the prices have increased with 7.2%. That is the lowest quarterly increase of the last few years. After the prices have grown with incredible rates in recent years, property prices are finally stabilizing.
The fact that the Spanish property market is over-provisioned cannot be neglected. Therefore there is a possibility that, in some isolated areas, the prices will slightly drop. But there is little chance that this decrease will occur in all of Spain. The prices of the properties in popular areas like the Costa Brava, Costa Blanca, Mallorca and Barcelona will most likely continue to grow because of their value– but more slowly than recent years.
Instead of heading towards an inevitable crash, the Spanish property market is preparing itself for a soft landing. Property owners and buyers around the areas mentioned do not have to fear a sudden depreciation of their properties, since these properties will hold their value in the future.

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