The market is quiet in Spain For a number of reasons.
1. For UK buyers, the exchange rate and the number of countries on stream for uk purchasers.
2. The uk economy not doing so well.
3. Spain has its own problems, slowing economy, another socialist government
4. Higher unemployment
5. Credit crunch
6. Over supply of properties.

So a correction is taking place.
There is over supply of certain products eg. Villas so there for the prices will drop or stay steady and decline in real terms with inflation.

It depends, the market in general is price volatile, you can get a great villa for a million euros and also a dog, there is not the sophistication and uniformity of the uk market.

You have a complete cross section of owners and buyers and sellers, on the coast a different population structure, local spanish and older rich germans, english, scandivians etc.

So if you look around there are some deals for sure. But still get things checked over, by good lawyers, be respectful to people, and appreciate that people are in different positions economically, lifestyle and culturally.

For example we got a bank repossession, which is well priced, the mortgage on it was xyz, we put a commission on top, and the sales price was 230k (other agents have for sale at 250k), bank valued it at 360k, and some one put an offer at 180k or something very low.

The spanish are not stupid and the bank, or other sellers will not every give things away unless they are completely desperate and if this happens some one close to the property or investor will buy.

Really good deals are rare, but good value is coming on, for sure.

It depends what you want the house for. Buy to let in Spain is not very good business for example.

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