First-Time Buyers Should Consider Spain

October 18, 2008

Despite the Spanish housing market receiving its fair share of knocks recently it could be the solution for first-time buyers. It’s always been difficult for first-time buyers to get onto the property ladder, without the added obstacles that have been thrown in the way as a result of the current housing market. So is now the time to give the UK a miss and set your sights on warmer climes? Taylor Woodrow de España says that despite receiving more than its fair share of knocks and criticism in the media recently, Spain still remains a firm favourite amongst Brits. And whilst the days of immense growth are long gone, it has a lot more going for it than many other overseas destinations. Victor Sagué, sales and marketing director, said: “It’s certainly true that Spain has lost a little of its shine and can’t compete in terms of price against some of the emerging markets. "However, you need to remember what made Spain so great in the first place remains the same. Its fantastic year-round climate, short travel time from the UK, excellent infrastructure and health care are just some of elements that keep Spain at the top of the charts. "Although it’s never been the cheapest overseas destination property prices have been reduced significantly over recent months with many homes now priced from around £100,000. "This makes the prospect of first-time buyers getting onto the ladder in Spain a real possibility. “Unlike the newer emerging markets Spain is established and Brits have been buying property there for years, so providing you do your research you’ll have a good idea of what you’re getting in terms of product and location. If you look at Spain as a long-term investment it will take some beating.” For an extensive choice of new and off plan property for sale in Spain on the Costa Blanca and Costa Calida, visit the Novocasa website.