More problems for Spain?
#16
Forum Regular
Joined: Dec 2008
Location: UK
Posts: 145
Re: More problems for Spain?
My apologies
Someone I know has had their house up for sale for 18 months, near Mijas. It started off at 625k, now it is at 450k and still not a word of interest (up with 2 estate agents and all the online sites). He said last night he is considering putting it on at 350k to get rid of it as he needs to release the capital.
We'll see!
Someone I know has had their house up for sale for 18 months, near Mijas. It started off at 625k, now it is at 450k and still not a word of interest (up with 2 estate agents and all the online sites). He said last night he is considering putting it on at 350k to get rid of it as he needs to release the capital.
We'll see!
#17
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: More problems for Spain?
Oh yes I agree. It doesnt help that the British estate agents this guy used valued it at 625k and above. Shows what they know. Unfortunately people choose to go with the agents that value the house the highest
#18
Forum Regular
Joined: Dec 2008
Location: UK
Posts: 145
Re: More problems for Spain?
or there just sit it out and sell the odd one to pay the wages.
And looking at some of those lovely photos they take to advertise your lovely home, of say the washing machine, or a table.
Dont you just love them.
#19
Lost in BE Cyberspace
Joined: May 2009
Location: Alicante province
Posts: 5,753
Re: More problems for Spain?
A miracle has happened in our little street, a house has just been sold, from Spanish owners to a Spanish buyer. Everybody’s walking with a spring in their step and the dogs and cats are more frisky than usual.
It sold at 40% of the original asking price from when it went on the market some six years ago.
It sold at 40% of the original asking price from when it went on the market some six years ago.
#20
Banned
Joined: Aug 2009
Posts: 5,008
Re: More problems for Spain?
Well there is the flip side to renting, and that is even if you bought at the top/ish of the market, like we did, we are more that half way through our mortgage term, on our property in Southern Spain, the one in Galicia was finish a couple of years ago, and although it does not bring in any rental income it is still an asset. So as long as you can afford the payments and not considering selling in the near future, thinkgs are not too bad.
Both renting a buying have thier advantages.