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Recent commentators have suggested Spanish property prices have risen too high, with some claiming the market is overvalued by as much as 30%.

Adrian McDermott, Managing Director of comments “If you purchase a quality product in a popular location at a competitive price, Spain is still amongst the safest and most attractive places in Europe to invest for the long term. The people are welcoming, infrastructure is first class, flights to Spain are cheap and frequent, the healthcare system is excellent and for those who like the sun, the climate is perfect.

Property prices in the Costa del Sol have remained static for the past three years, so now is a great time to enter the market and bag a bargain. In contrast, Costa Blanca property prices have been rising year on year but I now expect prices to follow those on the Costa del Sol and remain static for the next three years or so – I do not expect a price crash. The short term speculators have now moved away from the Spanish property market and have been replaced by the lifestyle purchaser looking at a good, safe, long term investment. Clients are now more informed on the market and increasingly know a good deal when they see one”. is about to release Villas Quesada a new development of three bedroom, two bathroom detached villas with views over the La Mata lagoon on the Costa Blanca. The development is just 5 minutes drive from the beaches of Guardamar and both Alicante and Murcia airports are within a 40 minute drive - prices start at just £130,000. The previous phase of 80 villas on this development released two months ago sold out in just 3 days.

Adrian says of this development “You would be hard pressed to find a similar deal such as this in some of the emerging markets let alone an established country such as Spain. We hope to see a growing number of informed buyers entering the market over the coming months, many of whom have already visited the exhibitions, read the magazines, travelled on inspection trips and have been in no rush to sign on the dotted line. Now they should begin to realise that this is a good time to buy property in Spain."



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Paul McMullen
Tel: 0161 351 2160

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