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Expatriate Insurance News: Spanish property prices 'to decline'

Expatriate health insurance customers might be interested to learn that Spanish property prices are set to decline.

Will Needham, editor of SpanishPropertyMagazine, said: "The best data indicates that prices are still falling and will continue to do so throughout 2011.

"The rate of decline appears to be falling, so those looking for the bottom of the market should probably continue to wait."

He added that the number of transactions in the Spanish property market look set to show a "modest improvement" as bargain properties are taken on.

However, expatriates might want to be aware that the high levels of unemployment, bank repossessions and other consequences of the financial crisis in Spain "are not going away".

The research follows the publication of a survey by sunshine.co.uk, which found that the country in which people feel safest overseas is Spain.

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