Wealthy investors are jumping at the chance of investing in Spanish properties in prime locations in the Murcia and Alicante areas, according to a prominent estate agency in Spain.

The trend was noted by Lucas Fox, an agency with offices in Ibiza, Mallorca, the Costa Brava and Barcelona, which also concluded from recent research that:

  • Prime location Barcelona saw prices remain steady but there are also some properties which can now be purchased for 30 per cent less than their 2007 prices.
  • The property market in Ibiza was healthy throughout 2011 and had a strong demand from international investors who were looking for luxury properties.
  • The market in Mallorca remains slow, however experts predict that it will see the same success that Ibiza did in 2011.

    Director for Lucas Fox, Alex Vaughan commented: “International clients are still keen to take advantage of the discounted prices. For those clients that get it right, there are possibilities to buy prime properties in the best locations at major discounts on the prices that they were being sold at prior to 2007/2008.”

    For details of property for sale in Spain, visit the Spain listings on Rightmove Overseas. One way to save money when buying in Spain is to use a currency specialist when transferring your pounds into euros to complete the purchase of your property. For more information on this, contact Smart Currency Exchange.

    To understand the full step-by-step process to buying a property in Spain, collect The Overseas Guides Company’s ‘Spain Property Buying Guide’