Spanish property survey 2009

We asked and you answered. Hundreds of people responded to our 2009 Spanish property survey, giving us excellent feedback on how you're feeling about buying in Spain. All in all, it seems you're still extremely interested in owning Spanish property, but factors such as the exchange rate are stopping you from moving forward at the moment.

1Spain will always be one of the most popular places for those who want to invest in property. Its many natural lifestyle advantages such as climate and proximity to the UK ensure it will continue to be a safe and reliable choice. The Costa del Sol is also one of Europe's favourite holiday destinations and the new airport expansion means the region is set to see in excess of 20 million visitors per year.

2Taking personal responsibility for pension provision has been a major theme of the Labour Government and has caused many to look at property as a long term investment. Whilst prices inevitably rise and fall - property does, over time, recover better than other investments, making it an obvious choice for those looking to enjoy a comfortable retirement whilst enjoying their investment at the same time.

3The exchange rate has affected property sales but the situation is temporary and is likely to recover to some extent during 2009. However - in real terms - the buying power of the pound hasn't actually changed. In many instances, the weak pound is cancelled out by lower selling prices. Those sending funds back to the UK are reducing asking prices as they can get the same amount of pounds for less. Developers are also offering major discounts on new units.

4The volatility and vulnerability of investing in the stock market was highlighted to great effect during 2008 and has frightened away many investors for good. Property offers a far more stable investment vehicle, especially for those looking to gain in the mid to long term.

5Despite what the papers say, for every unhappy buyer in Spain there are 100 happy ones delighted with their choice. Taking simple steps - such as budgeting properly and using a reputable agent like Andalucian Dream Homes - will massively reduce any risk attached to purchasing overseas.

Other points of note in the survey were that some of you felt concerned about how to recognise and choose the best locations and - in these times of big discounts and fluctuating exchange rates - how to accurately assess the real value of a Spanish property.

Group Marketing Director Adam Godwin comments: "Over the coming months Andalucian Dream Homes will be continuing communication with our clients and providing solutions to overcome these concerns.

"We have already begun taking action to help would-be buyers. For example, the pound to euro exchange rate is a major issue for many, so we're in discussions with vendors to drop euro asking prices. Those looking to send funds to the UK can now afford to drop asking prices considerably, and we're making that happen for our clients."