Spanish Property Market - Cash Buyer's Set to Cash in During Economic Downturn
By Robert Griggs
Well, you'd have to be an alien not to have heard or worse still, experienced the affects of the current economic downturn that has crippled financial markets worldwide. With many would be investors waiting for a greater depreciation in house prices and more favourable exchange rates, is this the right time to buy and what kind of affects has the current crisis had on the Spanish property market in general?
There have definitely been some major changes and moves taking place here in Spain, with prime minister Zapatero recently agreeing to allow unemployed owners of Spanish mortgages to defer their mortgage payment up to 500 euros per month for two years commencing in…
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