Fotocasa hits 400,000

LoadingFavourite

This topic contains 9 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 6 years ago.

  • Author
    Posts
  • #55942
    Profile photo of Anonymous
    Anonymous
    Participant

    Now showing over 400,000 proprerties for sale in Spain.

    1 May — 325,000
    1 June — 336,000
    1 July — 350,000
    1 Sept — 360,000
    1 Oct — 377,000
    1 Nov — 400,000

    Rate of properties coming on to the market is definitely increasing over Sept-Nov.

    I am being very generous in guessing that fotocasa shows 10% of the market…

    Hence I estimate 4 to 5 MILLION properties for sale and increasing!!!!!

  • #101419
    Profile photo of adiep
    adiep
    Participant

    10%? Do you really think it’s that number of the total on fotocasa? What makes you think that? by God there’s a crash an half coming if you’re right!

  • #101420
    Profile photo of Anonymous
    Anonymous
    Participant

    Yes, I think 10% is a pretty good estimate.

    Here’s the calculation.

    Approx number of complexes in Almerimar (30 as counted on google maps)
    Average number apartments per complex 350

    Total number of apartments = 10500

    In one complex that I previoulsly owned I counted over 30 “For Sales” boards which is about 10% of the apartments in the complex. So if you use that as a guide and say that 10% of apartments in each complex are on the market then in Almerimar there should be around 1000 apartments “For Sale”

    Fotocasa returns 144 apartments which is around 13% of the market.

    BUT…..

    For a great deal of those 30 complexes there are a significant number where virtually all the properties are for sale as they were completed 2008, 2009, when buyers were thin on the ground. So for Almerimar 10% of properties on Fotocasa is being generous.

    What is definite is that since May the number of properties on fotocasa has increased by 25% so it’s almost certain that the total market has increased by 25% in this time and it continues to grow!

  • #101423
    Profile photo of Anonymous
    Anonymous
    Participant

    On another thread:

    @Rocker wrote:

    I was sipping my coffee in a Spanish bar right next door to one of the re-opened premises this afternoon and saw a steady stream of what appeared to be British people going through its doors.

    It may well be then that they were sellers, not buyers.

  • #101426
    Profile photo of adiep
    adiep
    Participant

    @jp1 wrote:

    Yes, I think 10% is a pretty good estimate.

    Here’s the calculation.

    Approx number of complexes in Almerimar (30 as counted on google maps)
    Average number apartments per complex 350

    Total number of apartments = 10500

    In one complex that I previoulsly owned I counted over 30 “For Sales” boards which is about 10% of the apartments in the complex. So if you use that as a guide and say that 10% of apartments in each complex are on the market then in Almerimar there should be around 1000 apartments “For Sale”

    Fotocasa returns 144 apartments which is around 13% of the market.

    BUT…..

    For a great deal of those 30 complexes there are a significant number where virtually all the properties are for sale as they were completed 2008, 2009, when buyers were thin on the ground. So for Almerimar 10% of properties on Fotocasa is being generous.

    What is definite is that since May the number of properties on fotocasa has increased by 25% so it’s almost certain that the total market has increased by 25% in this time and it continues to grow!

    well its certainly not a scientific approach youve come up with, but I suspect youre not a million miles away in believing the number is a lot higher than FC shows. I can see something similar in La Linea, FC has around 400 properties, I can say with some comfort that there’s far more than that, perhaps 3 or 4 times. We dont have empty blocks of flats here, its not a holiday town.

    Perhaps your estimate needs to take into account that not all towns have huge empty complexes, certainly inland villages dont.

    I suspect the number is at least 3 times, perhaps 4.

    BTW, its now 402k

    http://www.fotocasa.es/Search/results.aspx?t=&l=0&tti=1&prchti=2&bti=2&bsm=&opi=36&cu=es-ES

  • #101427
    Profile photo of adiep
    adiep
    Participant

    Actually, I love browsing fotocasa, here is one of my old favourites, looks like an ex-brothel

    http://www.fotocasa.es/chalet-torre/rubena/garaje-privado-trastero-piscina-parking-comunitario-n-1-122927602

    pretty cheap, know any … ahem maybe not.

  • #101429
    Profile photo of katy
    katy
    Spectator

    It is cheap because it’s just for the lease (traspaso).

  • #101430
    Profile photo of adiep
    adiep
    Participant

    Ah, thanks Katy.

    So 50k a year… That’s a lot of tiffin.

  • #101431
    Profile photo of adiep
    adiep
    Participant

    This looks like a fun project if the vendor will come down by 30k http://www.fotocasa.es/vivienda/langa-del-castillo/casa-de-pueblo-con-mucho-jardin-123852138

    wonder if its legally habitable.

  • #101444
    Profile photo of Anonymous
    Anonymous
    Participant

    @adiep wrote:

    This looks like a fun project if the vendor will come down by 30k http://www.fotocasa.es/vivienda/langa-del-castillo/casa-de-pueblo-con-mucho-jardin-123852138

    wonder if its legally habitable.

    €89k
    Plot 450m2
    Built 800m2
    Bed / Bath: 5/1
    Best of all, the condition is described as ‘good’

    Fun project or big headache?

You must be logged in to reply to this topic.