The value of Spanish properties has got investors and banks at boiling point, as they can’t agree on a definite value.

The Financial Times has stated that in some instances, banks have refused to sell property in Spain because they believe the price offered is too low. “Sellers have not adjusted expectations to the new reality. But I believe we are starting to see that reality” says a leading real estate group.

The group went on to point out that some investors have chosen to stay completely away from the Spanish property market; something that is not expected to change in the next 12 months.

Uncertainty in the economy is forcing many potential buyers to hold back from investing in the country. Many coastal regions in Spain have now seen prices hit rock bottom meaning that now is the ideal time to pick up a bargain second home or buy to let property.

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