A buyer of Spanish property in the last recession has revealed how he has benefited from the experience.
Speaking to the Daily Telegraph, an expat who bought a house in the Marina Alta area of the Costa Blanca in 1994 did so when the home had no garden or outside terraces.
Noting that these still needed to be added, the investor made the most of the fact that there was a recession by employing local labourers to carry out the work, who were glad for the employment opportunity.
He noted that this helped to form good friendships, adding that joining local clubs and societies and becoming familiar with local customs and culture are all helpful in making the move a successful one.
Investor portal spanishhotproperties.com recently reported that the market is offering a large number of cut-price deals on the Costa Blanca, with a 1,000 per cent rise in enquiries since February.
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