Property investment in Spain can be turned into a frustrating experience if you do not take enough time to get to know your real estate agent and how to beat him when it comes to buying Spanish properties.

Sometimes simple and elemental steps are forgotten when you start doing research. How many times did you call a sales agent without a direct idea in mind? It is a common practice to encourage people to make a phone call to get them involved in investments that does not correspond to their original plans to buy a property in Spain.

If you ignore further details on the Spanish real estate market and its fluctuations, a sales agent can present to you a series of overpriced properties that you might consider a deal.

The fact that Spain is the top destination for British people looking to move abroad has made Spanish real estate an overvalued market in which individuals of any nationality have to pay the higher costs if do not research carefully.

In fact, through your search you can find sales agents that offer a free luxury car to lure potential buyers. The Spanish economy is growing strongly after the expansion in the construction industry in recent years, but this is not a factor for properties’ rising prices.

Time invested in research will put your efforts on the right path. The most expensive Spanish cities according to the local housing market prices are Barcelona, Madrid, and Bilbao. The average price per square meter in 2005 was 3,000 euros in all the expensive cities of Spain.

About 30% of all homebuyers are from foreign countries and 72% of them reside in another European country. Just a small percentage or potential buyers from the Americas and other non-European countries are willing to settle permanently in Spain.

Another point to take into consideration when an agent presents you a list of properties is the fact of small apartments in Spain which are usually more expensive than large apartments or houses, especially in Madrid.