Wednesday, October 12, 2005

Property Bargains Available Now

The property prices in Spain and the UK was reported rising at the slowest rate for a number of years. The average UK property price increased by just £1 between July and August to £186,208. First time buyers in the UK are continuing to wait and the average price paid by UK first time buyers was £153,285 in August up just 0.1% on July.

With a cut in interest rates planned for early next year the market is likely to take an up turn early next year. Once first time buyers start to buy again in the UK prices will start to rise again and the Spanish Market will follow.

Between now and the end of the year will be a great time to buy. Because things have been slow this year there are plenty of people who have had their properties on the market for nearly a year. Some of these people will be desperate to sell and be willing to take a below market price offer.

So, find yourself a desperate seller, make a cut down offer and pick yourself up bargain.

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