Property discounts
Apr 2nd 2010, 12:38 pm
#1
Just Joined
Thread Starter
Joined: Apr 2010
Posts: 22
Property discounts
We are looking to buy a property and registered with a few agents. We are now inundated with phone calls and special offers by email about all kinds of property. It gives the impression that it's very much a buyers market.
Yesterday we received an email from an agent on the Algarve offering a penthouse flat at 48% discount and a townhouse with a Euro 100,000 discount.
Most property on websites gives a price, and then says price negotiable.
We are seriously interested in a few places now and the agents have asked us to make offers, suggesting asking price minus 15%.
Should we wait for further price falls?
Yesterday we received an email from an agent on the Algarve offering a penthouse flat at 48% discount and a townhouse with a Euro 100,000 discount.
Most property on websites gives a price, and then says price negotiable.
We are seriously interested in a few places now and the agents have asked us to make offers, suggesting asking price minus 15%.
Should we wait for further price falls?
Last edited by tigerfriday; Apr 2nd 2010 at 12:42 pm.
Apr 2nd 2010, 2:55 pm
#2
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Joined: Sep 2007
Location: Woodbridge (x Tavira)
Posts: 817
Re: Property discounts
We are looking to buy a property and registered with a few agents. We are now inundated with phone calls and special offers by email about all kinds of property. It gives the impression that it's very much a buyers market.
Yesterday we received an email from an agent on the Algarve offering a penthouse flat at 48% discount and a townhouse with a Euro 100,000 discount.
Most property on websites gives a price, and then says price negotiable.
We are seriously interested in a few places now and the agents have asked us to make offers, suggesting asking price minus 15%.
Should we wait for further price falls?
Yesterday we received an email from an agent on the Algarve offering a penthouse flat at 48% discount and a townhouse with a Euro 100,000 discount.
Most property on websites gives a price, and then says price negotiable.
We are seriously interested in a few places now and the agents have asked us to make offers, suggesting asking price minus 15%.
Should we wait for further price falls?
Joao
Apr 2nd 2010, 3:11 pm
#3
Joined: Apr 2006
Posts: 24,043
Re: Property discounts
They were probably horrifically overpriced to start with.
Apr 2nd 2010, 4:20 pm
#5
Just Joined
Thread Starter
Joined: Apr 2010
Posts: 22
Re: Property discounts
That was my feeling. They were hideously overpriced in the first place in the hope that some fool would buy them and when they didn't sell the builder reduced them to realistic prices.
Initially we will use it as a holiday home but then as a more permanent home. Our plan is to spend about 6 months of the year in Portugal and 6 months in Cape Town.
Initially we will use it as a holiday home but then as a more permanent home. Our plan is to spend about 6 months of the year in Portugal and 6 months in Cape Town.
Apr 2nd 2010, 4:42 pm
#6
Joined: Apr 2006
Posts: 24,043
Re: Property discounts
That was my feeling. They were hideously overpriced in the first place in the hope that some fool would buy them and when they didn't sell the builder reduced them to realistic prices.
Initially we will use it as a holiday home but then as a more permanent home. Our plan is to spend about 6 months of the year in Portugal and 6 months in Cape Town.
Initially we will use it as a holiday home but then as a more permanent home. Our plan is to spend about 6 months of the year in Portugal and 6 months in Cape Town.
http://casa.sapo.pt/
In answer to your question,I would think now is as good a time as any to buy.
Property only seems to be selling if it is a reasonable price.The Euro rate has certainly affected buyers from Uk..not so from Ireland.
At least that's my experience 'up here'
