I don’t think price can fall much lower!

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This topic contains 9 replies, has 6 voices, and was last updated by Profile photo of katy katy 3 years, 5 months ago.

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  • #57517
    Profile photo of Anonymous
    Anonymous
    Participant

    I have just seen this one on fotocasa. 42,000 Euros. BRAND NEW!

    http://www.fotocasa.es/vivienda/el-ejido/el-ejido-ciudad-costa-de-almeria-el-ejido-129642537?opi=1&tti=1&pagination=3&rowgrid=2

    The location in El Ejido is a reasonable one and only 5 minutes walk from the main high street. I think the real size is 65m2 as there are many more on fotocasa stating this size and not 90m2.

    I have just spent £10,000 on a new (cheap) bathroom and block paving my drive in the UK and I did 70% of the work myself.

    This flat must be being sold for less that the construction cost.

  • #117065
    Profile photo of Anonymous
    Anonymous
    Participant

    El Ejido is a bit out of the way but down on the coast in Roquetas which is shiny and new you can buy superb flats for under €75,000. there will soon be a flood of northern Europeans snapping up these bargains next to the best paseo maritimo on the coast!!! – Fall much lower??? no the banks will not reduce much anymore and will drip feed for the next four or five years to stabilize the market 😐 😐 😐 😐

  • #117066
    Profile photo of Chopera
    Chopera
    Participant

    @jp1 wrote:

    I have just seen this one on fotocasa. 42,000 Euros. BRAND NEW!

    http://www.fotocasa.es/vivienda/el-ejido/el-ejido-ciudad-costa-de-almeria-el-ejido-129642537?opi=1&tti=1&pagination=3&rowgrid=2

    The location in El Ejido is a reasonable one and only 5 minutes walk from the main high street. I think the real size is 65m2 as there are many more on fotocasa stating this size and not 90m2.

    I have just spent £10,000 on a new (cheap) bathroom and block paving my drive in the UK and I did 70% of the work myself.

    This flat must be being sold for less that the construction cost.

    You’d have thought that Sareb would take the property of their hands for that price.

  • #117071
    Profile photo of Anonymous
    Anonymous
    Participant

    There are just too many properties so the price will go down by those who want to sell.

    Why pay 42k when you could buy a similar place for say 22k closeby?

    What is in the price these days? We went back to Spain a few weeks ago and the repos in our block are now at the 50k mark but our neighbour privately sold his place for 15k to a local guy. The banks must be able to sit on their stock for longer and are just waiting and hoping maybe?

  • #117089
    Profile photo of katy
    katy
    Spectator

    El Ejido…oh wow 😆 😆 Any of you ever been there 😯

  • #117091
    Profile photo of Chopera
    Chopera
    Participant

    @katy wrote:

    El Ejido…oh wow 😆 😆 Any of you ever been there 😯

    Nope

  • #117092
    Profile photo of Anonymous
    Anonymous
    Participant

    El Ejido is the ugliest place in Spain 😐

  • #117094
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    Anonymous
    Participant

    Sorry to say that I probably agree with Ubeda. It’s not the best place. New builds but full of moroccans, gypsies and polytunnels.

    There are properties for similar prices all up and down the coast so better options available.

    As we’ve all said many times… buyer beware. Check out an area properly before buying.

  • #117097
    Profile photo of katy
    katy
    Spectator

    Yes I agree with ubeda too. 😀

  • #112725
    Profile photo of Anonymous
    Anonymous
    Participant

    This week I had lunch in Madrid with a gentleman who is probably selling more property in Spain than anyone else right now, mainly to Spaniards of course. He thinks prices will go down further this year and next in general terms, though maybe not in all areas and segments. And according to his data prices have already fallen significantly more than official figures suggest.

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