Prices Plummeting

[debbiec1]

Although it doesnt seem as though prices are dropping when you look at web sites but they are - agents just do not want to advertise the fact. I recently had a house that was on the market for 450,000€ but because sales are dropping, the owner sold it for 275,000€ a great bargain.

I have a gorgeous place in the wine making jalon vallley with pool for just 185,000 - this can be seen here:-

3 bed 2 bath Townhouse with fantastic views over the Jalon ValleyListing Details

[Aegean]

Originally Posted by debbiec1

Although it doesnt seem as though prices are dropping when you look at web sites but they are - agents just do not want to advertise the fact. I recently had a house that was on the market for 450,000€ but because sales are dropping, the owner sold it for 275,000€ a great bargain.

I have a gorgeous place in the wine making jalon vallley with pool for just 185,000 - this can be seen here:-

3 bed 2 bath Townhouse with fantastic views over the Jalon ValleyListing Details

At least you're honest unlike some.

[andyk2]

Prices are only plummeting in the areas that nobody wants to buy in. Spain still represents 20% of all foreign investment from the UK, but buyers are being more choosy.

If you look at the latest stats from the Spanish government, areas within the Costa Blanca are taking a dive while areas such as Marbella still hold strong.

There´s plenty of money about for quality product, it doesnt matter what country you are looking at. Is it a bargain if you are situated on the back of a mountain?

[rowlandsbb]

Asking prices are becoming realistic...just because a seller has had a property on the market for 400.000 € for 18 months and then has to sell for 300.000 € does not mean a price drop.....asking price too high is more likley
There are some good buys in Spain now
The market for good property, old and new is flat but there is still a market
Be selective and you will be OK
I prefer Almeria between Aguilas and Mojacar and Mercia as they are just developing like CDS 30 years ago and it will not be long, perhaps the next up turn in the market before they start getting near to CDS levels
Best to get in now and buy the best locations!

[Eurovivienda2005]

Almería doesn`t saturated like other areas(Alicante,Torrevieja,Marbella...),
I think that there are good deals now in Almeria for investors also for people who wants a second home overseas for pass the summer and retired.
You can find many bargains know in Murcia and Almería.

[Lysos]

I visited Almerimar @ 6 years ago for the golf, and around the new marina, which was like a morgue, there were dozens of unsold apartments and commercial premises; however, I was there last summer and what a difference !. There were HUNDREDS of unsold apartments and commercial premises - and the marina was still dead.

[Goldberg Global]

Is that a BTB townhouse? In Jalon.
When Supply keeps increasing, and no demand, prices will drop. Is economics. Certain places should be ok. But there is about 1.000.000 excess units on the market. Give or take a few places.

[Contracts4Trade]

It´s the old chesnut - Location Location Location.

Resorts like Polaris World will see the fastest and biggest falls due to the unpleasant locations of their resorts.

CDS is also suffering from ugly and overpriced property and will be one of the last areas to come out of recession.

[rowlandsbb]

I don't know how you judge ' location' but for Resort Developments with golf and all other facilities but some of PW locations are very good

Condado de Alhama is one which if you buy now ar prices starting from119.800 € in 5/10 years when EU economy is growing rapidly again they will prove a good buy
Also when finished the facilities on tap will be great.....lets just look at winter golf lets......3 good courses on site, several others nearby and the golf trail
At Marina de Cope development there will be circa 6 courses
Then for summer there are good beaches and new ones will open up with the Cope development
Corvera airport close by, new motorways
If buying in to a PW Resort you have to look to the future and the starter prices are very competitive even in todays market

[Goldberg Global]

From what I see and distressed sales we get, Del Sol was hit by the dirty town hall and other scandals, hence they are tightening up with the banks and mortgages. Costa Blanca market is slower, and prices have come off, but not as much as one would think, people are preferring to sit put rather than cut and run. So in real terms in a few years with inflation etc, the property prices will be less.

We are getting things 2 or 3 years ago in del sol for 430.000s now at 300.000s or is it lower than this - In the del sol. So people may want quality but they want value for money as well. Clients have concentrated on certain key areas like Puerta Banus, and other high end destinations. Where the prices are not so discounted.

Originally Posted by andyk2

Prices are only plummeting in the areas that nobody wants to buy in. Spain still represents 20% of all foreign investment from the UK, but buyers are being more choosy.

If you look at the latest stats from the Spanish government, areas within the Costa Blanca are taking a dive while areas such as Marbella still hold strong.

There´s plenty of money about for quality product, it doesnt matter what country you are looking at. Is it a bargain if you are situated on the back of a mountain?