The holiday home market in Spain, which has witnessed a spectacular crash in the past four years, appears to be improving, according to Spain property analyst Mark Stucklin.
“There are definite signs of improvement”, Stucklin wrote on his blog. “I can tell you that I am seeing real signs of improvement.”
Stuckin claims to be conducting in-depth research into the Spanish holiday home market “the likes of which does not exist today in Spain”.
Although Spain remains among the most popular destinations to buy a home overseas, the market has suffered from severe over construction, with in excess of a million unsold homes on the market.
But with Spain property prices up to 70 per cent cheaper since the peak of the market in late 2006, many more Brits are now actively seeking to buy a bargain priced holiday home in Spain.
Stucklin continued: "The [Spanish holiday home] market is still depressed compared to normal times, and very depressed compared to the insanity of the boom, but some things do seem to be getting better. Quality property in all price segments is selling at the right price. Demand is more diversified than ever."
To read our guide on buying in Spain, click here.