Property prices

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Mark Stücklin Mark Stücklin 1 year ago.

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  • #188199
    Profile photo of Ulsterman
    Ulsterman
    Participant

    Just a question from some of the property veterans on this site.

    Looking for property Benalmadena costa area and I was wondering on the apartment advertised price is there room for negotiation ie -10% or does it vary and would there be greater room for negotiation if being sold on behalf on the bank.

    I have been looking for about 6 months and at minute I can’t find the perfect apartment but we will find if it takes another 6-8 months.

    Regards

  • #188325
    Profile photo of Mark Stücklin
    Mark Stücklin
    Keymaster

    Ulsterman,

    There is always room for negotiation in a market like this. It depends on the property and how the asking price compares to others on the market, but having a target closing price 10% below the asking price sounds about right, if you are confident the asking price is not inflated compared to the market. Discounts have narrowed a bit in the last year or so, as the market on the Costa del Sol has picked up and vendors have started to feel a bit more confident.

    It’s all about information. The more information you have the better placed you are to judge market prices, and spot cases of under or over pricing.

    Let me know how you get on.

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