Prices are going up!!

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This topic contains 11 replies, has 6 voices, and was last updated by Profile photo of katy katy 7 years, 9 months ago.

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  • #54778
    Profile photo of Anonymous
    Anonymous
    Participant

    Well, a little under a year ago I looked at a really nice urb. with a view to buying a new house. At that time we got all the info and prices and concluded (unsurprisingly) that they were just not good value for money.

    Anyway, today I thought I should revisit this, and see if the prices were more appropriate. I guess few here will be surprised to hear that the developer has increased prices 🙂 The house I was interested in was 299000€, and is now 350200€

    So what gives? My guess is that they boost up the advertised prices, then try to appear that they are giving a large discount. I wonder why they aren’t selling 😆

  • #90432
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi

    Not just going up, 17.5% hike in the current climate! It’s probably a type error and it was meant to read E250,000 instead!.

    Angela 😆 [/quote]

  • #90433
    Profile photo of Anonymous
    Anonymous
    Participant

    I just checked, as I have since found this listed on-line, and it’s no typo! Still the sales girl was nice, so it was still a pleasant little trip 😳

  • #90434
    Profile photo of Anonymous
    Anonymous
    Participant

    Where is this development ??? I have noticed that good developments in a good area have not lower their prices.

    It also a Spanish practise that when a few properties are left unsold. The developers instead of closing the development and moving on by offering a deal they either increase the prices or keep the prices of their final phase.

  • #90435
    Profile photo of Anonymous
    Anonymous
    Participant

    Gran Alacant, near Alicante.

  • #90436
    Profile photo of Anonymous
    Anonymous
    Participant

    Thank you. I sadly do not know the area.

  • #90437
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi El anciano,

    As an owner of property in spain much and all as I would like to think that the prices are going up – I just think the developers or their agents are just delusional. I have a felling they will have their apartments on the books for a while if they have increased the price. Ireland was very like spain build, build, build and prices for rabbit hutch type houses were exhorbitant. The property crash started to happen here mid 2007 last year they stopped building and the prices are still dropping and have still a way to go. From what I gather prices in spain only began to drop last year and they were still building apartments along the coasta blanca coast!

    Best of luck hunting for that dream home!

    😀

  • #90438
    Profile photo of Anonymous
    Anonymous
    Participant

    I’m sure you are right. We’d love to find a nice place at the right price, but I reckon it will be a little while longer before that happens.

  • #90440
    Profile photo of Anonymous
    Anonymous
    Participant

    @El anciano wrote:

    I’m sure you are right. We’d love to find a nice place at the right price, but I reckon it will be a little while longer before that happens.

    Are you in a hurry? Autumn 2009 prices will surely not be bigger than today’s ones.

  • #90442
    Profile photo of Anonymous
    Anonymous
    Participant

    No, we were really keen to buy, but the ridiculous situation here, over the last few years has cooled our desire somewhat.

    I was really looking to asses how much they had come down, and how much longer we needed to wait. At least until they fall in line with our perception of fair value. The 2nd hand market has at last started to get a little realistic, and I expect that 6-12 months will see most sellers fall in-line with the trend (or simply withdraw from the market).

    We have been trying to buy for a long time now, and after such a long search the prospect of another 9-24 months wait isn’t so bad. I am now used to living in cheap rented accommodation. In fact, we are contemplating moving to a larger, more comfortable (rented) house, as it looks like we have a little longer to go, and rents have fallen quite a bit.

  • #90477
    Profile photo of Anonymous
    Anonymous
    Participant
    El anciano wrote:
    Well, a little under a year ago I looked at a really nice urb. with a view to buying a new house. At that time we got all the info and prices and concluded (unsurprisingly) that they were just not good value for money.

    Anyway, today I thought I should revisit this, and see if the prices were more appropriate. I guess few here will be surprised to hear that the developer has increased prices 🙂 The house I was interested in was 299000€, and is now 350200€

    So what gives? My guess is that they boost up the advertised prices, then try to appear that they are giving a large discount. I wonder why they aren’t selling 😆

    This is an old Spanish practice , a property has n´t sold or been let after a year ,so they say to themselves lets put the price up 10%. They have been doing it for years, they forget, that hopefully people are not as
    stupid as they were and that the gravy train of ill informed gullible people has for the moment at least disappeared. Although I am sure when the market does recover , the “Leave your brains at Gatwick airport” office will be doing record business. All the rats will come out of the woodwork set themselves up as “property experts “and begin pushing Spain as the greatest investment opportunity in the history of man.

    We must keep this forum going it is probably more important that it flourishes in the good times than now, in order to help people to protect themselves from themselves and the property rats. Memories in general are short, a couple of months of apparently good news, press ,radio ,tv have a vested interest in selling advertising and will print, or say any old rubbish if it boosts advertising revenues and people will take on a lemming type mentality and a second home abroad will become a” must have”.

  • #90493
    Profile photo of katy
    katy
    Spectator

    Exactly!

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