Buyers of Spanish property urged to ‘haggle’

Tuesday, September 13, 2011

Buyers of Spanish property urged to ‘haggle’

House- hunters looking for property in Spain are being urged to haggle in order to get even more for their money.

In a recent interview, managing director Adrian Warriner said that with the right amount of negotiation, the “enduring” Spanish property market could be made to deliver bargains. "You'd be amazed at what some determined haggling can get you at this moment." he said.

He also urged prospective buyers to look at less developed tourist areas in favour of more rural or coastal areas, especially those offering renovation projects, which would provide further savings.

Spain is still an enduring market for investors from all countries, but is far and away the most popular relocation destination for us Brits. Recent data released from Spanish developer Taylor Wimpey de Espana revealed that Brits make up 32% of those investing in Spanish property. And there has been an 8% rise in those investing this year.

New measures from the Spanish government slashing the IVA (equivalent to VAT) on all new build properties from 8% to 4% have reduced the price of Spanish property significantly, and many companies and also offering significant discounts to entice overseas buyers, having been left with a glut of properties for sale and a flagging domestic market.

If you're thinking of buying a property in Spain, then visit A Place in the Sun Live at the NEC Birmingham between the 30th September- 2nd October 2011 where a number of exhibitors will be on hand to give you all the advice you need to live your Spanish dream.


A Place In The Sun