Is this the best valued property in Spain?

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This topic contains 13 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 5 years, 9 months ago.

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  • #55954
    Profile photo of Anonymous
    Anonymous
    Participant

    Who likes a good challenge? Can anyone find online a property for sale that looks like good value in the current climate? Perhaps even a Spanish property bargain? If so, please list here with following format:

    Price
    Size
    Location
    Picture (Press the IMG button and then paste the image url)
    Link for more info

  • #101446
    Profile photo of Anonymous
    Anonymous
    Participant

    Too many to mention – look on here

    http://www.olveraproperties.com

  • #101448
    Profile photo of Anonymous
    Anonymous
    Participant

    Kaz, that’s not the point. We need specific properties to discuss, so please chose the one you think represents the best value, and get back to us. Otherwise it’s no fun.

  • #101447
    Profile photo of katy
    katy
    Spectator

    Olvera is full of Brits trying to sell 🙄

    I saw this for sale, we bought two of them from a bank in 1995. Really nice area and directly at the side of Los Naranjos golf. The houses are bright and spacious. We paid £50,000 each. Sold one for £87,000 in 1999 and the other in 2002 for 285,000 euro

    http://www.rightmove.co.uk/overseas-property/property-28166302.html

    €263,000 3 bedroom town house for sale Andalusia, Málaga, Nueva Andalucia

    Rightmove does seem to have better property and more reasonable prices than Fotocasa. Not many of those spanish dumps the spanish are flogging, rightmove is more to British tastes.

  • #101449
    Profile photo of Anonymous
    Anonymous
    Participant

    @katy wrote:

    Olvera is full of Brits trying to sell 🙄

    I saw this for sale, we bought two of them from a bank in 1995. Really nice area and directly at the side of Los Naranjos golf. The houses are bright and spacious. We paid £50,000 each. Sold one for £87,000 in 1999 and the other in 2002 for 285,000 euros

    So you can now buy a similar property on that development for €263k, 8% cheaper than the one you sold in 2002. That’s an interesting reference point. I wonder what a similar home on this development would have sold for at the height of the boom. Any ideas? According to (doddgy) govt. figures house prices in Malaga province went up 29pc in ’03, 24pc in ’04, 8pc in ’05, 9pc in ’06, and 4pc in ’07. Using quick and dirty numbers and assumptions, let’s say this property doubled in market value from 2002 to the end of 2007, so worth €570k at peak. We know you can now buy one for €263k. That’s a discount of 54%! Now I accept that these numbers might not be exact, but even so, I’m sure they are not that far from reality. According to the govt’s figures, prices in that area are down 20pc.

    Good one Katy. It doesn’t strike me as over-priced. Of course it could always go lower….

  • #101450
    Profile photo of katy
    katy
    Spectator

    Just for info’ the houses had been empty for about 6 years when we bought them. Had never been lived in. Mainly bought by people from Madrid at a cost of 20 million pesetas which would have been around £100,000 at that time. I am not sure why they lingered so long, don’t know if the banks held on to them or they just couldn’t sell them.

  • #101453
    Profile photo of katy
    katy
    Spectator

    This one isn’t bad. Nice upmarket village, better than the 50,000 wrecks in some asshole villages (such as Olvera)

    €139,000 3 bedroom town house for sale Andalusia, Málaga, Gaucín

    http://www.rightmove.co.uk/overseas-property/property-29866244.html

    PS. How do I get the photos to come up?

  • #101458
    Profile photo of Anonymous
    Anonymous
    Participant

    WOW! That really is a find.

    I would call a 3-bed town-house in such good nick for sale in Gaucin for just €139k a bit of a bargain.

    I know Gaucin well; lots of charm and quite upmarket. Good friends have a house there, and I wrote an article about property in Gaucin called Spanish Bohemia for the Sunday Times.

    @katy wrote:

    PS. How do I get the photos to come up?

    I put the photos in for you. It’s very easy. You just have to get the URL of the image, which you do with internet explorer by right-clicking on the image, then select properties at the bottom of the menu, and then copy the url you see. Much easier with Firefox: right-click on the image and select the option ‘copy image path’ or ‘copy image url’ or something like that. Once you have the url of the image copied, just press the ‘img’ button you see at the top of the edit box when posting, which will insert img tags into your post. Then paste the url in between the img tags and Bob’s your uncle.

  • #101462
    Profile photo of Anonymous
    Anonymous
    Participant

    Asshole village such as Olvera?? Just what do you have against Olvera Katy? Have you actually spent any time there? Gaucin is very pretty and we do enjoy going for a drive up there but I wouldn’t want to live there – it’s not really a real place any more – it’s been taken over by delicatessens and art galleries etc.

  • #101463
    Profile photo of adiep
    adiep
    Participant

    Kaz, spit the hook.

    Maybe im being short-sighted or valuing properties in the wrong way, but from my perspective the properties in villages such as Gaucín are worth sub 100k unless they have a big garden – even then, 150k seems enough.

    Probably because I like to be near the sea, but I also tend to think of earning potential, and I dont see a glut of highly paid jobs in Gaucín.

    I could be wrong, but I think we’ll see house prices in these villages being devastated. People were only buying in the villages because they couldnt afford the coast, now the coast has a zillion empty properties, who is going to move inland???

    Thats my thinking, could be totally wrong of course.

  • #101468
    Profile photo of katy
    katy
    Spectator

    I agree in most villages but with gaucín it is different. When British began to move out there they did it because of fondness for the countryside etc. not because houses were cheaper. I have friends there and they look on it as a spanish Notting Hill 😆 There are some celebs, Politicians, writers and the rest of the chattering classes who own. A few years ago 100,000 would scarcely buy a ruin in Gaucín.

    I didn’t like Inland and I agree many will see huge price falls. Many moved to small pueblos and believed they were all the same, they bought because they couldn’t afford the coastal prices. Many country places aren’t charming, full of Gypsies and druggies, others have the kind of ex-pats that many left the UK to avoid 😉 It is still location and a certain amount of reputation that differentiates one village from another. A bargain isn’t always the lowest price. Compare eg. a village in Dorset with a mining village in Yorkshire.

  • #101472
    Profile photo of Anonymous
    Anonymous
    Participant

    The one thing I would be worrying about, buying in the countryside with good views – someone can come along and plonk a wind farm right in front of you. Or are my eyes deceiving me with this photograph?

    Or maybe it is why this finca (Olvera) has been reduced from 650,000 Euros to 375,000 Euros??

  • #101500
    Profile photo of adiep
    adiep
    Participant

    Not the best value property in Spain perhaps, but looks promising.

    320k
    4 Beds
    3 Baths
    151 m2 built
    851 m2 plot size
    Pool
    Sea view.
    Located near good economic centres.

    Now under offer. I should have been an estate agent.

    http://www.kyero.com/property/1213219-villa-for-sale-san-roque

    20% drop needed to be a scorching bargain, but not bad at all.

  • #102872
    Profile photo of Anonymous
    Anonymous
    Participant

    This isn’t half bad:

    Santander’s Plan Revital promo with discounts up to 58pc – interesting opportunity in Menorca

    The development in question is called Sa Caleta, on the edge of Ciutadella, Menorca’s second biggest city, in the north west of the island.

    Spacious semi-detached homes of 237m2 with 4-beds, private terraces, communal gardens and pool, etc., from 260,000€.

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