One of many reasons why the market is so dead…..

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This topic contains 8 replies, has 7 voices, and was last updated by Profile photo of Fuengi (Andrew) Fuengi (Andrew) 6 years, 1 month ago.

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  • #55833
    Profile photo of Anonymous
    Anonymous
    Participant

    …The sign says it all, located in the Spanish town of Chipiona – Costa de la Luz, front line beach. Chipiona is a very Spanish beach town for those who don’t know and has a population of around 12,000, in summer it goes upto cerca 250,000. Proves very popular with the people of Seville and Madrid who desend on the area in July & Aug.

    For those who can’t see the sign it’s a terraced duplex type property of 105m2 and 84m2 constructed house and for sale at 495.000 Euros.

    Ian

  • #100462
    Profile photo of Anonymous
    Anonymous
    Participant

    Madness.

    Well, we know what they are asking. But what would you pay for this?

  • #100469
    Profile photo of Anonymous
    Anonymous
    Participant

    The price all depends on what you think the front line beach location is worth. The house on it’s own should only be worth about 200k at a push, maybe 75k for the front line location, anyway about 100% over priced?

  • #100470
    Profile photo of Anonymous
    Anonymous
    Participant

    I wouldn’t pay more than 100k all in, but I guess it’s worth more than that to someone else.

  • #100516
    Profile photo of Anonymous
    Anonymous
    Participant

    The truth is that the owner does not really want to sell. From the outside it looks pretty disgusting and can imagine that the inside is not much better. The for sale sign just makes it harder for everyone else to sell becase it is likely to be there next summer…well that´s if it is not blown down in the winter winds…..

  • #100555
    Profile photo of petej
    petej
    Participant

    Its a mad price, looks like some of the rows of cheaps builds you get on parts of the costas with nothing to tell them apart

  • #100695
    Profile photo of Anonymous
    Anonymous
    Participant

    Yes, I’m with Mark on this . Knock the 4 off the front & I might be interested.

  • #100801
    Profile photo of Anonymous
    Anonymous
    Participant

    If they were to use an agent would the agent advise them against this price and give them a more realistic valuation…I wonder

  • #101221
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    the agent wants to market the property at a price that can sell. That is the theory at least.

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