Recovery in the Spanish property market is directly linked to the recovery of the country’s economy, but as Spain fails to shrug off the world recession, one of Spain’s leading appraisal companies is forecasting a difficult year ahead. Unemployment is expected to rise, and threats of EU sanctions against the country in respect of illegal land seizures and property demolition, are adding to the chains that hold Spain back from market recovery. Experts believe that the best that can be hoped for in 2010 is that the fall in property prices in Spain continues to stabilize as it has done so for the last quarter. Spain has a high profile in the EU right now, as the country’s president Mr Zapatero heads the presidency. But this draws all kinds of unwanted, although necessary, attention as many see the need for a drastic change in Spain’s economic approach. It seems that for the time being those selling a property in Spain are likely to continue to struggle, whilst investors can pick and choose over some fantastic deals even now.
Source: propertyworld.com
