Spanish Property Sales up by 20% according to the INE

April 20, 2010 - PRLog -- Sales of property in Spain are finally increasing, according to official and non-official sources. The government's National Institute of Statistics (INE) reported a 20% year on year increase in sales for February, compared to a rise of 2% in January. Meanwhile agents and developers have reported massive year-on-year increases in the most popular coastal locations. Polaris World resale specialists -
Murcia Golf Properties (http://www.murciagolfproperties.co.uk) – have seen sales increase dramatically so far in 2010.

The growth is mainly being driven by bargain property prices – with many properties offered for sale at as low as 50% of the prices at the height of the market. According to the INE report some 60% of the sales were resale purchases. This figure includes bank repossessions and distressed properties. Many Spanish developers have had to offer up to 40 percent discounts from their property stock in order to remain competitive and now even large developers such as Polaris World in Murcia have very few new-build properties for sale. Buyers can now snap up bargains on the popular La Torre golf Resort and Hacienda Riquelme Golf Resort for under €100,000 – a figure around 30% less than the original off-plan release prices of 2002.

This is very positive news indeed for those involved in the Spanish property market. The increase in the number of buyers coupled with the massive decrease in the number of new-builds should help property prices and inspire confidence among investors.

Spain remains Europe’s number 1 tourism destination for British travelers. It was recently voted as the most popular location for overseas property buyers in a poll conducted by a major property portal. Buyers that were priced out of the market two years ago can now realistically afford a home in Spain, rather than having to look further afield into less established markets such as Bulgaria and Turkey.

It is also now possible to purchase a Spanish property with a mortgage at up to 90% of the purchase price. In the past banks would not lend more than 70% of the purchase price. Interest rates on these mortgages are very attractive and buyers have been snapping up bargain priced properties to take advantage of these offers.

Companies such as Murcia Golf Properties (http://www.murciagolfproperties.co.uk) have been appointed as approved agents for banks including CAM and Caja Murcia as the banks look to sell off their property stocks. Anyone interested in finding the best property deals should contact a company like Murcia Golf Properties that offers resales and bank repossessions. Now could be the right time to purchase Spanish property.

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Murcia Golf Properties Ltd are the largest real estate agent specialising is selling resales and bank repossessions on the golf resorts of Murcia.
The company has two showhomes on the Polaris World golf resorts and arranges viewing tours every week.
Clients interested in buying a property in Murcia should contact Murcia Golf Properties to find out the latest special offers and exclusive deals on offer.
Many properties promoted by Murcia Golf Properties are exclusive to the company.

Murcia Golf Properties - UK 0044 1273 302236 - Esp - 0034 968 979 873
http://www.murciagolfproperties.co.uk