Investors take advantage of lower property prices in Spain

Foreign investors who are considering buying property in Spain have been advised that bargains can still be found as they can now get more with for their Euros as the average property price has dropped 3.6 per cent from this time last year. The portal recommended that this is the perfect time to buy in Spain.

Foreign currency exchange specialists Moneycorp has said that investors can cash in on the lower property prices in Spain. People who are making stage payments, for instance, can still get half of their necessary Euros now and half at a future date, after the position for the exchange rate becomes clearer. Investors of residential homes can withdraw equity and profit from cheaper Euro mortgage deals; they take advantage of the situation by converting them into Pounds. Potential investors of properties in Spain can opt for 'forward contract' and can pay a percentage deposit and for payment at a later date they can also fix an exchange rate for the balance funds.

One Mortgage website has recently reported that Spain is one of the "big names" in the world property market and has long-standing appeal for investors and lifestyle buyers. The strong euro has not dented the appeal of Spain. The Post Office recently revealed that Spain is in fact the cheapest country in the eurozone at the moment even if the pound is at a record low against the euro.