Spain: investors urged to ‘buy wisely’

Investors should have no fear about investing in Spain, argues one expert…

Mark O’Sullivan, director of dealing at Currencies Direct, recently stated: “The Spanish property downturn has not snowballed into a crash, and savvy investors are beginning to look further inland for investment opportunities in regions such as Andalucia, where the properties are more reasonably priced than those on the Coast.

“Indeed, in Andalucia, many Agents have reported that they have had more inquiries in the first quarter of 2008 than in the same period in 2007”

“Ultimately, investors won’t lose money by investing in the Spanish property market if they avoid over-developed areas and buy wisely in the right location and at the right price”.