Just back from Costa de la Luz – Property prices


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    Spent Friday to Sunday around El Rompido, Punta Umbria and Portil looking for property. No sign of any distress selling!!. The local estate agents say no one is reducing their prices. One reason could be this area is not like CDS, ie hardly any urbanisations. Every place here is within walking distance of beaches, shops and restaurants. Am at a loss, what to do next. Do I wait and see the ripple effects come across from CDS & bring down prices OR commit now.

    But there is a urbanisation near Ayamonte, quite big with golf course,etc.
    There are quite a few properties for sale here, but shops, beach are not within walking distance. Need a car! There was some evidence of price reductions here, but area not my cup of tea.

    My conclusion for what it is worth is that property within walking distance of shops, beaches etc are holding steady whereas places where non spanish tend to buy ie huge urbanisations have an excess supply.

    Would welcome your thoughts on this and my other points.


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