Spain is a bit risky for investment now. 600,000 properties are due to be built in 2007 yet the quthorities say there are only 200,000 buyers for these.

Mass oversupply on this scale can only mean one thing for prices.

Many people report not being able to sell thier property in Spain, some have been on the market for 2 years. This is again probably down to the massive choice new buyers have.

Might be better to wait and see what happens to prices before didving in right now.