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Well it’s not me asking the question. This time it’s Citywire and Linton Chiswick reporting on what they say is rare good news for Spanish property owners.
So I’m not going to stop them. Lots of stats here, and comments about good value, plus firm buy investment, and views on how the market can only fall so far.
Mmmm… there’s plenty of argument out there saying that now could be the time, and certainly our buyers are more confident, happy in their purchase and referring more friends and family than at any time over the past several years.
Long may that continue, this is just more fuel to the fire, but as we will ourselves say again and again, it’s not a bonfire we are after, we want a stable, proactive, consolidated market. No thank you to Mr Boom and Mrs Bust anymore please, no get rich quick scenarios, just solid, real, delivered value and a great experience of ownership will do us fine, thanks very much!
And all you investment-type, sharp-suited salesmen, please stay in Dubai or wherever else it was you went off to after 2006. You’re not welcome back.
Vlaams-Nederlands
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NickJuly 2, 2011 at 3:37 pm
From my experience in and around Nerja there are already loads of expats trying to get rid of their white elephants. The problem is many of them bought too high, there are no tourists for most of the year to rent them to, and they are asking prices that do not reflect the current market. They are going to lose out one way or the other for sure.
Obviously dropping their asking price might give these sellers more chance of offloading but with so many brand new places being offered cut price, they will have to swallow a loss and in some cases a substantial one.
There will be buyers trying to take advantage, and no doubt trying to start the cycle again or else why would they be buying?
NickJuly 4, 2011 at 5:54 pm
NickJuly 2, 2011 at 3:37 pm
From my experience in and around Nerja there are already loads of expats trying to get rid of their white elephants. The problem is many of them bought too high, there are no tourists for most of the year to rent them to, and they are asking prices that do not reflect the current market. They are going to lose out one way or the other for sure.
Obviously dropping their asking price might give these sellers more chance of offloading but with so many brand new places being offered cut price, they will have to swallow a loss and in some cases a substantial one.
There will be buyers trying to take advantage, and no doubt trying to start the cycle again or else why would they be buying?
NickJuly 4, 2011 at 5:54 pm
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