Javea property prices are ridiculous! No wonder the market is slow...
#1
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Javea property prices are ridiculous! No wonder the market is slow...
I've viewed scores of villas (within a price range of 450,000 to 550,000 Euros) in different areas of Javea over the last few months and am amazed at how bog standard the properties are in this price range! I know that people have to factor in the expense of agents' fees but even so. I'm so disillusioned....anyone out there interested in a private sale???
#2
Straw Man.
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Re: Javea property prices are ridiculous! No wonder the market is slow...
I've viewed scores of villas (within a price range of 450,000 to 550,000 Euros) in different areas of Javea over the last few months and am amazed at how bog standard the properties are in this price range! I know that people have to factor in the expense of agents' fees but even so. I'm so disillusioned....anyone out there interested in a private sale???
#3
luna~sea..its a lifestyle
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Re: Javea property prices are ridiculous! No wonder the market is slow...
I've viewed scores of villas (within a price range of 450,000 to 550,000 Euros) in different areas of Javea over the last few months and am amazed at how bog standard the properties are in this price range! I know that people have to factor in the expense of agents' fees but even so. I'm so disillusioned....anyone out there interested in a private sale???
Wait for October/November, I assure you prices in the North CB will be taking a substantial dip. The agents are still trying to flog properties on their terms because of the holiday season and plenty of impulse buyers out there. The summer season is not the ideal time to buy.
Best of luck,
Martha
#4
luna~sea..its a lifestyle
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Re: Javea property prices are ridiculous! No wonder the market is slow...
From what I remember, I don't think her property is in CB North, but then again I may be wrong.
Patsywhitehair has two properties in her classified section. I think one is in Pego.....maybe worth having a look at them here
#5
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Re: Javea property prices are ridiculous! No wonder the market is slow...
Hi Inquieto,
Wait for October/November, I assure you prices in the North CB will be taking a substantial dip. The agents are still trying to flog properties on their terms because of the holiday season and plenty of impulse buyers out there. The summer season is not the ideal time to buy.
Best of luck,
Martha
Wait for October/November, I assure you prices in the North CB will be taking a substantial dip. The agents are still trying to flog properties on their terms because of the holiday season and plenty of impulse buyers out there. The summer season is not the ideal time to buy.
Best of luck,
Martha
Thanks Martha for your input. It's interesting that you make that comment about October and November because others in the property field have also hinted at this...Could you give me your thoughts on why there would a substantial dip?
#6
Re: Javea property prices are ridiculous! No wonder the market is slow...
less people out here on holiday likely to make an impulse buy
#7
luna~sea..its a lifestyle
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Re: Javea property prices are ridiculous! No wonder the market is slow...
During these two years valuation companies have been overvaluating properties, but regardless of what a property valuation is on paper, as many on here have said on previous occasions, a property is only worth what a buyer is willing to pay......hence a reality check is needed for all of those out there that think they can sell at any price.
I know of at least one property (not ours, we don't own a property) that is on the market for €550,000 and once October is here, the agents have already been instructed to reduce by at least €50,000 (which I think is a substantial amount). If it is not sold within a year, the price will be reduced even more. It is a beautiful villa, but it is not in the area you are looking at.
#8
Re: Javea property prices are ridiculous! No wonder the market is slow...
Exactly the same is happening in our area, but with most properties, new selling for less than old in a lot of cases.
#9
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Re: Javea property prices are ridiculous! No wonder the market is slow...
The market in CB North has been stale for about two years now. These are statements made from bank managers we work with, mortgage advisers and solicitors. The estate agents are trying to keep a firm grip on the prices, but once this summer is over the estate agents will have to face reality and either convince owners to reduce their asking prices or risk closing down their businesses.
During these two years valuation companies have been overvaluating properties, but regardless of what a property valuation is on paper, as many on here have said on previous occasions, a property is only worth what a buyer is willing to pay......hence a reality check is needed for all of those out there that think they can sell at any price.
I know of at least one property (not ours, we don't own a property) that is on the market for €550,000 and once October is here, the agents have already been instructed to reduce by at least €50,000 (which I think is a substantial amount). If it is not sold within a year, the price will be reduced even more. It is a beautiful villa, but it is not in the area you are looking at.
During these two years valuation companies have been overvaluating properties, but regardless of what a property valuation is on paper, as many on here have said on previous occasions, a property is only worth what a buyer is willing to pay......hence a reality check is needed for all of those out there that think they can sell at any price.
I know of at least one property (not ours, we don't own a property) that is on the market for €550,000 and once October is here, the agents have already been instructed to reduce by at least €50,000 (which I think is a substantial amount). If it is not sold within a year, the price will be reduced even more. It is a beautiful villa, but it is not in the area you are looking at.
Well, that makes me feel so much better to know that others have the same mindset as I have regarding the present property market. As I've said, I have viewed scores of properties (literally) and have been disappointed by the quality of the properties I've seen. Based on my own observations, I think the present market is over-valued by a good 15 % - 20%. Anyone else of a similiar opinion?
#10
Re: Javea property prices are ridiculous! No wonder the market is slow...
I've viewed scores of villas (within a price range of 450,000 to 550,000 Euros) in different areas of Javea over the last few months and am amazed at how bog standard the properties are in this price range! I know that people have to factor in the expense of agents' fees but even so. I'm so disillusioned....anyone out there interested in a private sale???
This is why we moved North. We started in Altea, Moraira, Javea, Denia & apart from other things decided on Oliva / Gandia because the property was much better value for money.
#11
Re: Javea property prices are ridiculous! No wonder the market is slow...
a neighbour just sold theirs for less than they paid 18 months ago
#12
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Re: Javea property prices are ridiculous! No wonder the market is slow...