This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Wait and See Approach Pays Dividends for Savvy Buyers

First name: 

 

Last name: 

 

Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category

Archives



Wait and See Approach Pays Dividends for Savvy Buyers

By - Wednesday 16 March 2011

Investors that delayed making overseas property purchases during the recession could now be benefitting from huge discounts in many foreign destinations. This is according to Lloyds TSB International, which noted that in some markets prices have dropped by as much as 40 per cent.

The firm stated that this fall in prices, coupled with a renewed sense of confidence among investors, means that now is a good time to enter the market.

Indeed, the bank cites recent research which has suggested that home values in some parts of Spain and other European markets have tumbled by around 40 per cent over the past three years and that many property buyers have adopted a 'wait and see' approach.

However, despite this gloomy outlook, new data from the National Federation of Estate Agents in France shows that residential prices in the country actually increased in 2010 for the first time since 2007. Added to this, real estate group IVG2 has claimed that prices in Spain are likely to recover sooner than expected, and faster than the rest of the country's economy.

"Key markets that were overheated in 2007, like parts of Spain and the US, are now buyers' markets with many heavily discounted deals available," said Barry Luhmann, head of lending at Lloyds TSB International.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here


Comments

 

*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.


«« Back to IPIN Live

Follow IPIN Global


Latest Content

Recent Comments

Powered by Disqus