guest5234

Missed out the G

lee8

You should google (deleted - mod) and Turkey in general, you`d be very supprised how fast things are moving there.

Marmaris and Dalaman are very save investment areas for british holiday business and rental market.

Or check out spectacular Alanya (deleted - mod)

Econ

Wait... if you can hold out for a year or so they could 'most likely will' tumble more. Baring in mind that I am in the south where property soared because of foreigners paying silly asking prices without a blink... but, I keep an eye on some of the agents prices around where I live and today I see over the last few days one has now added 'Reduced' to * a lot * more of the properties in the window, these reduced ones where around 10 to 15% less than last week (About 15% of the properties in the window!). I guess as agents get even more desperate they are calling the owners to tell them they need to reduce to sell, and some are now listening... the reality is starting to kick in.

Hopefully without getting a lot of 'No they won't' replies... I think many properties could and will drop to up to 30% or more... certainly in the south. As people need to sell the prices will drop, sales have slumped 'as we all know', promoters in many places have brought the new properties prices down as they need to sell, this has also slowed the re-sales market and hence price reductions there. The Spanish are no longer buying here in the south as they where either which adds to the problem for sellers.

BTW, You can and always could get properties that are worth buying, even a year ago 'still are properties at realistic prices but you just had to know where to look for them.

You could do a couple of things.... like start by making them an offer at about 15% to 20% or more... less

A Spanish lady who has a furniture shop down out street from me bought a new villa near Campanillas 4 to 5 weeks ago, there where several homes at a 420,000 euro asking price by the promoter... she walked away with a sale on 310,000

Good luck

rugbymatt

I have no interest in living in a Muslim country thanks.

lee8

The South, I`ve come across a few Expats who are feed up with the Costa`s del Shi are we allowed to say poo and have been trying to get out of Spain, but can`t as there properties arn`t selling for the price they paid originally.

Its true the bubble will well and truly burst a lot of Spaniards dreams, especially since alot of properties where borrowed against, using the Banks brilliant idea that allowed them to get a second mortgage and pay off the original within 2 yrs on the bases that you`d have sold the first property, only problem is many haven`t been able too sell them and Spaniards especially Andalucians haven`t been willing to reduce the price, until that 2 yr has started to come very close.

Soon there will be far far far more houses than willing buyers, and having seen many Urbs/apts in Winter that resemble ghost towns, the summers I fear will resemble the winters.

I`d wait a while before buying in Spain, the current financial markets in Europe will make financing a home there more difficult as the Banks, especially the Spanish and British ones will be bracing themselves for clients with financial difficulties in the next year or so.

Your best bet if you can is to retain a property in the UK and rent in Spain, anybody who sells up in the UK and moves into a new property in Spain without more than a few holiday experiences really is looking for trouble.

lee8

If your in the South you already are.

rugbymatt

south of where?

XTreme

There's some funny shit going down here!

And do I detect a sales pitch for Turkey in there somewhere?

Mitzy's going to be watching this one!

rugbymatt

NO!


Good to see you back on, its been very quiet without you.

Econ

Well while I feel sorry for them it kinda serves many of them right, they came across, looked at the price and handed over the money. Just because the property was cheaper than their own country is not what it is about, they should have researched... many of those who didn't in the last few years will probably loose if they need to sell within the next few years. These people would have also contributed 'in some extent' to the astronomical, unrealistic rises.

There are already! I travel around most of the urbs between Benalmadena and Nueva Andalucia, it * shocks me * the number of homes for sale, many left un-maintained and becoming run down. It doesn't sink in until you see street after street with many properties having for sale on them, and thats just villas

That might be your loss thinking like that.... If I had 400,000 euros handy I know of 2 properties i would buy tomorrow, I wouldn't hesitate. There are still properties today that are worth buying, you just need to do your homework.

XTreme

Haven't had time to even take a dump Matt! Consequently I'm full of shit at the moment!

Loads of work on.....but it's not just doing the work.....it's getting the people to pay for it is the problem!

rugbymatt

Stick around though mate, aren't enough "characters" around at the moment.

lmj50

Missed out the Y in BUT too!!
LMJ

spain

youve been sussed Matt !!!!

rugbymatt

You're trouble you!