'Bargain Properties' Available In Spain

'Bargain Properties' Available In Spain: "Substantial price falls in the Spanish property market have meant that there are plenty of opportunities for buyers to pick up a bargain at present.

Official government figures released by the Department for Housing show that the average price for a house in Spain have fallen by 3.5 per cent over the course of the past 12 months.

However, real estate professionals have suggested that the declines have been underestimated.

'The problem with the government's data is it tends to understate price falls, which have been more like 30 per cent or more [peak-to-present] in coastal regions like the Costa Blanca and the Costa del Sol,' said Mark Stucklin of Spanish Property Insight."

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