'Fantastic Value' Offered By Spanish Repossessed Property

'Fantastic Value' Offered By Spanish Repossessed Property: "Demand for property in Spain may be set to increase following comments from one leading property portal regarding the surplus of repossessed residential homes now on the market.

Similar to a number of other Spanish property companies, Property-Spanish.com has seen an increase in the number of enquiries for real estate in Murcia - near the proposed new Paramount Film Studio Theme Park.

Indeed, the firm explained that demand in 2011 is already up over 150 per cent on last year.

'With the banks keen to clear their property portfolios, the prices on bank repossession property in Spain offer fantastic value,' Mike Price, sales director, said.

Reports suggest that there are more than a million unsold properties in Spain currently"

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