NEWSDESK
PALMA

HOMEOWNERS looking to purchase a property abroad could find that either Spain or America provide them with the best deals.
Les Calvert, director at Property-Abroad.com, said searches for homes in Spain and the US are still dominating the market.
He explained that many people who are opting to do this are searching for a bargain on a property abroad.
Stating that buying a home in the US can be “as cheap as chips”, Calvert added that in Spain there could be the chance to buy a bargain property from a bank. “In Spain you have got an abundance of repossessed properties that the banks are now forced to get rid of,” the property expert added, stating that this will drive the market and make it the most popular option for buyers.

Many of the country's leading banks have vast portfolios of properties which they have been forced to reposses and are desperate to sell. Some are offering 100 percent financing and low interest rates.

Recently, Primelocation International reported that Spain has become more popular than France in searches for European homes.
Anyone moving abroad could consider storing items they cannot take with them in self-storage units.

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