Moses2013

I wouldn't even say that it hurts the bottom end if the price is right. If you were happy to spend 80K on a property and get the property you really like for 70K, it's not the end of the world. People who are able to maintain a 400m2 house won't be bothered about 10% tax. If you can get that 400m2 property for 600K and have to pay 60K tax, that's only a kitchen for the rich. In some cases only a watch or handbag.

cricketman

I´ve got two small kids and a job in Oviedo

Wouldnt make much sense buying somewhere else!

Dick Dasterdly

Taking all factors into account the unemployment level is probably little better than it was at the peak.

Lots of folk in temporary jobs taking home barely subsistence level pay.

Lots of Spanish moved to N.Europe and elsewhere to find work and it's a fair bet most of them will want to return if ever the country gets back on its feet.

Lots of non Spanish workers who had residencias and who had previously worked and settled here, have moved away as the crisis worsened, many back to their own countries in E.Europe, N, Africa and S.America etc.

The present unemployment figures are still shocking, but add in the above factors and I wonder how much better, if any, the true unemployment situation is now compared to when it supposedly peaked ?

In addition the average overall salary of most of those in work has actually decreased as companies tightened their belts or took a take it or leave it attitude.

All things considered, its truly amazing that the PP look favourites to get most votes at the forthcoming national elections, but maybe it proves that you can still fool some of the people some of the time.

cricketman

That might be true in the South, but it really isnt here in the North

I have recruited 3 Spaniards since the crisis hit and interviewed dozens more

Some recent graduates in their early 20s are willing to work for a while on 1k euros per month but other people aren´t. Most 30 year olds with 5 years experience want 25k-30k per year still

I have even had 30 year olds with 2 masters degrees and no work experience asking for that and refusing to work for 20k

Maybe1day

In France and Italy the situation is similiar regarding costs of buying. I remember we bought a flat in Cannes about 15 tears ago and it cost us around 10% in fees and taxes. Another thing we found in the area was that Estate agents took 6% + Vat from both the buyer and seller....
We won't talk about the rates and community charges, Horrendous!!! Each was over £1K pa in 1999 for a 28sqm studio.

wilsman77

http://www.spanishpropertyinsight.co...-in-september/

Maybe1day

Well, as I said elsewhere, intending to move to Tarragona area, And It looks like prices will take a hike there, as expected just call me Jinxie!!!!

wilsman77

Prices are going up nicely at the moment let's hope a Brexit doesn't mess it all up!

jogger

Well for those of us about to buy let's hope they don't go up to quickly. Also if we remain in Europe the pound should get stronger but most people I speak to will vote brexit, unfortunately.

avocados

The bottom of the market was years ago. Only the rubbish remains at low prices.

People continue to be blinded by averages and media reports which are totally meaningless and no reflection of the actual market.

Prices for decent property in decent locations are already double the price they were 5 years ago. People missed the top in 2005, they've also missed the bottom in 2012.

snikpoh

Hmmmm - in YOUR opinion!

Around here things are still not selling! Some properties are (selling) and have never stopped selling but others ....

wilsman77

I totally disagree with you, I purchased a bank repo mid 2014 Euro 70K and one has just been sold for Euro 119K. I would definitely say that things are on the up, and as we all know the cheap end of the marker gets going well before the top end. Where I am on the Costa Blanca (Cabo Roig) its not the Brits buying either its all manor of Europeans.

Moses2013

He is right though and the bottom of the market was maybe in 2009-2012. The point is that you can't expect to get a so called bargain in a desirable area anymore, as most of these properties were bought between 2009-2012. Of course there are still plenty of cheap properties around, but these properties haven't sold for a reason. I have no doubt that people will get desperate again and start to buy these properties, but it certainly won't be a bargain.

wilsman77

Moses, I totally disagree, in my area the bank are just releasing more repo properties and they are being snapped up so quickly as the bank has not reacted to the current market values. They put some 2 bed town houses walking distance to the sea communal pool for Euro 79K. look on "think Spain" and find a town house for anything less than Euro 100K. in the same area TM are building 2 bed apartments with Euro 1500 annual maintenance charges and the first batch are all sold @ Euro 105K punters are literally queuing up for them...... take a drive to Lomas De Cabo Roig its crane city! every piece of available land that was repossessed has been sold and 80% has now been built on since 2014, that's just 2 years since I landed there.

Moses2013

No doubt properties are selling and as I said people will be desperate again (until the next crash happens). Of course you'll see an increase, but certainly not the same as someone who bought in 2009-2012.