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Old Dec 10th 2017, 9:44 pm   #1
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

My thread above was closed back in 2016 ( originally posted 2014) but just wanted to let everyone know that my little house is now worth nearly 3 times (or 300 %) more. Still no desire to sell as I absolutely love Cabo Roig.
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Old Dec 10th 2017, 10:04 pm   #2
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

I find that very hard to believe. Do you have any evidence to support your claim?
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Old Dec 10th 2017, 10:22 pm   #3
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

Hi Missile, sorry none as not currently selling. You are going to have to take my word for it that my little house (£55k 2014) on the Hills of Cabo Roig (becoming quite an exclusive place to live) is now circa €150k as advised by my original estate agent desperate to sell it. The beauty is that there is still time to get on the ladder as prices have not yet reached 2007/8 pre crash prices. When my house hits €190k we will be back there. My prediction for when this will happen late 2019…
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Old Dec 11th 2017, 12:15 am   #4
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Originally Posted by wilsman77 View Post
Hi Missile, sorry none as not currently selling. You are going to have to take my word for it that my little house (£55k 2014) on the Hills of Cabo Roig (becoming quite an exclusive place to live) is now circa €150k as advised by my original estate agent desperate to sell it. The beauty is that there is still time to get on the ladder as prices have not yet reached 2007/8 pre crash prices. When my house hits €190k we will be back there. My prediction for when this will happen late 2019…
I would think you did probably buy at or near the bottom so will have done far better than likes of me who unfortunately bought in 2007. Certainly where we are although properties seem to have bottomed out and a few are eventually starting to sell they are still very low. Like anywhere if you are in the right area then you can make money especially if you bought very low. It looks like you timed it spot on so well done.
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Old Dec 11th 2017, 6:57 am   #5
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

If your property has increased three times in value in the past few years I wish you the best. I don't believe you, but I wish you the best.
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Old Dec 11th 2017, 12:49 pm   #6
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Originally Posted by bobd22 View Post
I would think you did probably buy at or near the bottom so will have done far better than likes of me who unfortunately bought in 2007. Certainly where we are although properties seem to have bottomed out and a few are eventually starting to sell they are still very low. Like anywhere if you are in the right area then you can make money especially if you bought very low. It looks like you timed it spot on so well done.
Spain´s housing market finally returned to growth in Q1 2016. Spanish house prices had fallen by a total of 41.9% (46.8% inflation-adjusted) from Q4 2007 to Q3 2015, based on figures from TINSA. There were 31 consecutive quarters of y-o-y declines
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Old Dec 11th 2017, 1:02 pm   #7
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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If your property has increased three times in value in the past few years I wish you the best. I don't believe you, but I wish you the best.
Well he could of bought for 55K and spent another 100K on a kitchen, extension etc.. In all fairness, it was just the right time in certain parts of Spain. The way it's looking now, is that in certain typical British areas we'll only see prices go up further. Especially as many Brits are desperate to get out before 2019.
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Old Dec 11th 2017, 1:46 pm   #8
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

If you're not planning to sell, it doesn't matter what it's worth.
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Old Dec 11th 2017, 1:46 pm   #9
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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If your property has increased three times in value in the past few years I wish you the best. I don't believe you, but I wish you the best.
A sample of one house may be unrepresentative not least because the purchase/acquisition price might not be representative of general sale prices. For example a particularly "motivated" seller, and a cash buyer might agree a sale at an unusually low price for a quick sale.

When I bought my home in London it was an ex-rental and I was a well financed first time buyer, and I agreed a price with the seller based on no chain and a quick exchange of contracts. Between agreeing a price and closing six weeks later, the market price (asking price of houses for sale) of houses in that area had jumped 20%!
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Old Dec 11th 2017, 1:54 pm   #10
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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If you're not planning to sell, it doesn't matter what it's worth.
True and it's another way for the government to tax you. Your house is worth more, so let's charge more.
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Old Dec 11th 2017, 2:29 pm   #11
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Originally Posted by Loafing Along View Post
Spain´s housing market finally returned to growth in Q1 2016. Spanish house prices had fallen by a total of 41.9% (46.8% inflation-adjusted) from Q4 2007 to Q3 2015, based on figures from TINSA. There were 31 consecutive quarters of y-o-y declines
Yes sort of confirms what I put, however like everywhere with property and prices there will be a variety of regional differences. Hence why I referred to the area we are.
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Old Dec 11th 2017, 7:44 pm   #12
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Hi Missile, sorry none as not currently selling. You are going to have to take my word for it that my little house (£55k 2014) on the Hills of Cabo Roig (becoming quite an exclusive place to live) is now circa €150k as advised by my original estate agent desperate to sell it. The beauty is that there is still time to get on the ladder as prices have not yet reached 2007/8 pre crash prices. When my house hits €190k we will be back there. My prediction for when this will happen late 2019…
As always with property, you dont gain anything by an increase in your property price, unless you can buy the equivalent at a lower price, which normally implies going to a different location, no doubt with disadvantages
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Old Dec 12th 2017, 7:33 pm   #13
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Originally Posted by wilsman77 View Post
Hi Missile, sorry none as not currently selling. You are going to have to take my word for it that my little house (£55k 2014) on the Hills of Cabo Roig (becoming quite an exclusive place to live) is now circa €150k as advised by my original estate agent desperate to sell it. The beauty is that there is still time to get on the ladder as prices have not yet reached 2007/8 pre crash prices. When my house hits €190k we will be back there. My prediction for when this will happen late 2019…
I would not put too much store by what one estate agent thinks. Are other similar properties really selling for €150K? If you would care to describe your little house, and give it's street name we may or possibly not agree on it's current value.

Whatever, one swallow does not a summer make. Perhaps you are benefitting from a very astute buy, rather than a general rise in house values. From my observation prices have not increased 3 fold in Cabo Roig or anywhere else on Costa Blanca.
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Old Dec 13th 2017, 10:36 am   #14
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

As Brexit unfolds I think this could have an impact on property prices in areas popular with UK migrants all around the EU. I don't think it will be that dramatic but even now because of the £ people's budgets will be trimmed back.
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Old Dec 13th 2017, 10:45 am   #15
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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As Brexit unfolds I think this could have an impact on property prices in areas popular with UK migrants all around the EU. I don't think it will be that dramatic but even now because of the £ people's budgets will be trimmed back.
The thing is that a lot of Brits are rushing out now, so they can secure EU rights before Britain leaves the EU. This means that prices are increasing in these areas but will probably peak in 2018. After that prices will probably fall again and we'll have another boom bust story. Might be good to sell next year and buy in 2020 again.
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