Property prices increase...
 

Ok, so it's probably a rare occurrence, but it shows that there are still buyers out there when the price is right.

Santander decided to offload properties in Seseña (an infamous building development in Toledo province).
In just 3 weeks the minimum price of a property there has gone from 65,000 to 78,000.
It's not a place that would appeal to anyone here I think - it's aimed more at families who commute to Madrid and can't afford the high property prices there.

Article is in Spanish

http://www.idealista.com/news/archiv...-sesena-toledo

According to this news report, more than 400 units sold! Astounding, really.

http://www.elmundo.es/elmundo/2012/0...332876562.html

Re: Property prices increase...
 

Apparently this was a video promo by Santander for these properties. I suppose they look fine inside, but very bleak from the outside!

Re: Property prices increase...
 

Bleak's not the word:ohmy:

Re: Property prices increase...
 

Well yes, and yet the buyers have swarmed in apparently. Just shows how tight the market must be for reasonably priced places in Madrid - I'm assuming most of the buyers work in Madrid but want to have a place their family can live.

Re: Property prices increase...
 

Ever the eternal optimist Stevie, though I suppose it's kind of you to try lifting a little bit of the doom and gloom for a short while at least.

Not really astounding though at those sort of prices.

More a sign of desperation unfortunately methinks, that such a godforsaken place is the best many can hope for at present.

Re: Property prices increase...
 

Actually, if a an average wage is say 18k, then I don't think 65 or 73k is an astonishing low price , in fact that should be more the level for a starter place. It's only about 12 years ago that you could get houses in many midlands and northern cities starting from about 35k.
400 homes sold in just 3 days. I still think it's quite astonishing considering no-one's supposed to have any money.

Re: Property prices increase...
 

As I've said before, the market for good properties is very strong. They are getting snapped up very quickly by clever buyers.

It's only the rubbish that is left and they'll dump that on foreigners when the time is right.

Spain has a very bright future. By 2025, I expect Spain to be the number 2 country, not only in the Eurozone, but in Europe, overtaking UK, France and Italy who are all a bit jaded.

The Spanish are very good at adapting to changing circumstances or austerity as it's currently called. Today's strike will be forgotten in a couple of days.

Don't be fooled by the doom and gloom, it's all just media spin.

Re: Property prices increase...
 

many Spanish dismiss this story as sales hype. Perhaps there were only a couple of tempters at 65,000 to generate interest. Businesses do this all the time. How many times have we seen in the media, and on this forum that agents are selling them like pasties. They have been saying it for years yet sales and prices are still dropping. On one spanish forum this comment says it is lies and trolling, it points out that to sell 400 in that amount of time is impossible administrationally!

Mentira y GORDA. Para vender 400 pisos en 3 dias tendrian que haber ido a un ritmo de 2 o 3 minutos por piso y eso es imposible, solamente en sentarse a la mesa y explicarles la financiacion o caracteristicas de la vivienda se va mucho mas de eso. Una trola intentando crear sensación de que se acaban y luego van a estar mas caros. Lo dicho MENTIRA.

Re: Property prices increase...
 

Poor Jacky. Getting upset by positive news in Spain.

Re: Property prices increase...
 

especially if she is reminded that many of those who are watching but not contributing cannot speak or read Spanish
:rofl:

Re: Property prices increase...
 

thought Pasties were a rude word in the UK at the moment over VAT but also since Mr Cameroon professed a love for them but the BBC has reported the company concerned ceased trading 5 years ago.

Re: Property prices increase...
 

Well there weren't my comments:p Anyway that positive story is a flea on an elephants ear. Why would it upset me:confused: I have friends and relatives in Spain who i am very fond of and feel sorry for them. Just balancing out the hype to prevent others making the mistake of thinking there will be a turnaround soon...cos there won't!

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Well she's probably (edit, cant be 100%) quoting from a comment posted on Burbuja - the Spanish equivalent of HousePriceCrash forum - a site she's rubbished in the past!

Re: Property prices increase...
 

Well I did translate the gist of it and how difficult is it to change it to English, not a novel just 3 sentences. :rofl:

Re: Property prices increase...
 

Jacky its nice to have feelings for the friends and family, things will change, but it will take time. In the same way as it did 20-25 years ago.

What Spain needs now is really positive stories about export wins, large companies moving in etc etc not gum flapping from a house salesman

who if employing 10 sales people on commission only would probably be able to make those sales if the buyers are really there and ready to go. Its surprising how fast a gullible buyer will gobble up the patter and sign on the dotted line if they think they are getting something someone else isnt.

Pride and Fall come into it somewhere