BARGAINS IN THE SPANISH SUN

If you are thinking of buying property in Spain, you should read an article in the Daily Telegraph today.
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/04/26/wspain26.xml

The Spanish housing market is on the verge of collapse and it will soon become a buyers market so now is the time to get in there and make your dream come true.

10 TIPS ON BUYING PROPERTY IN SPAIN

1. If you're buying because you like the Spanish lifestyle, then it won't go away just because of a market wobble. However, it might be safer to rent instead.
2. If you're buying purely for investment, ask yourself if this is truly the right time to do so.
3. Consider shared or fractional ownership. Don't pay for a Spanish home all year round if you don't need it all the time.
4. Prices away from the major resorts are much lower.
5. Make the most of a buyer's market. Many owners will want to offload their properties soon.
6. Consult an independent English-speaking lawyer.
7. Ask for a bank guarantee when buying off-plan, otherwise you could lose your shirt if the project goes under.
8. Plan your budget with the worst-case scenario in mind. If you can't afford to hold on to your home until the market recovers, then don't buy.

http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/04/26/wspain26.xml