The latest cut in interest rates makes it attractive for both home buyers and investors to consider buying what could prove to be the biggest investment in their life times. Many people, as writer Mark Twain remarked of himself, only recognise an opportunity after it has passed them by and now property afficiandoes are wondering if the current market is a time of such opportunity.
Increasingly Spanish home buyers are being enticed with the prospect that it is now cheaper to buy than to rent. And cash rich investors may find that they can earn a better return from investing in some residential properties than they can from the interest rates which banks offer on deposits. Furthermore investors are finding more opportunities for adding value to property investments. For instance investors who buy older homes in need of refurbishment will now find it cheaper to hire anyone from an architect down to the plumber.
The comment from legendary stock market investor Warren Buffet springs to mind - "There are that many opportunities, I feel like a mosquito at a nudist camp".
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