Spain BMV On Hold PDF Print E-mail
Blog and News - Overseas Property Investment
Written by John Angeletta   
Friday, 09 October 2009 08:14
A Hold On Spain For Property Purchase ...

What started out earlier in the year as a promising outlook for BMV investors looking for a great deal on the Spanish Med' has turned out to be a bit of a damp squib.

Some bright spark once remarked, "When all is said and done, more is said than done" and this seems to apply to the promises of the Spanish Banks of 'up to 50% bmv deals' from repossessions: properties seem to be there alright but the banks reluctant to lend!

From recent observations and enquiries we feel Spain is not, as claimed, near the true plateau of their property values and we shall probably see prices dropping yet more substantially during the next few months, to the advantage of course, of canny BMV investors who read our Blog & News and choose their moment wisely.

So, for the time being, we are withdrawing our Spanish BMV listings in anticipation of a yet more favourable adjustment to true market value for property, and encourage you to 'watch this space' or rather keep an eye on www.bmvpropertyinvestmentdeals.co.uk for further updates.

Of course, you could spend your money in Spain right now and still get a reasonable deal for cash but why not wait for that especially good deal?

Or, if you really want that place in the sun now, you could look for truer BMV deals in Portugal (our NEWEST listing) and France (coming soon). 

Do blog us with your experiences in Spain in particular together with your thoughts about buying in the EU generally.

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