"Spain's property crisis could be your opportunity"
The crash in the Spanish property market has created an unprecedented opportunity to secure luxury properties at the lowest prices seen for many, many years. Spanish Banks control 50% of the real estate that is on the market, and are now offering unrivalled lending terms with little or no deposit. In some areas, like Murcia, many experts believe the property market has finally bottomed and is expected to recover quicker than any other part of Southern Spain. People buying property in Spain can now also take advantage of the most favourable exchange rate between sterling and the euro for 19 months. For those investors that always wanted a holiday home in Spain, the current buying conditions have never been better.