SHARP FALL IN SALES TO FOREIGNERS ON CDS

LoadingFavourite

This topic contains 16 replies, has 7 voices, and was last updated by Profile photo of Inez Inez 9 years, 10 months ago.

  • Author
    Posts
  • #52595
    Profile photo of Anonymous
    Anonymous
    Participant

    http://www.typicallyspanish.com/news/publish/a … 8728.shtml

    Katy!!!!!!!!!!!!!!!

  • #68774
    Profile photo of Inez
    Inez
    Participant

    Any honest estate agency would tell you the same – And any who are here want to buy without placing a penny down on the purchase, wanting it fully financed instead.

    Even the Spanish buyers are trailing – interest rate rises not helping and our independant spanish salesguy is struggling. Even the Argentinians are thinking twice!

    Banus is dead – no one around and a friend of mine said where he lives in the heart or Fuengirola many small shops are closing, and they are all spanish owned.

    Could be a serious recession on the way.

    And its cold!

  • #68776
    Profile photo of Anonymous
    Anonymous
    Participant

    Spanish law only has itself to blame. If it offered more protection to foreign buyers and the judicial system acted quickly and fairly if the buyers were treated unjustly by EA’s/Lawyers /Developers, then people would not be so afraid to buy. There is no protection for the foreign consumer. Maybe it’s there in theory…it’s certainly not in practice. 🙁

  • #68778
    Profile photo of Anonymous
    Anonymous
    Participant

    Totally agree Claire.

    Estate Agents, lawyers, developers and the Spanish Government (via taxes and impotent legal system) – have all been biting the hand that’s been feeding them one way or another.
    The result in the end is there just will be no more ‘dinner’ (including the champagne…).

    Inez, again thank you for your transparancy and honesty for an unbiased viewpoint, despite being ‘in the business’.

    What’s the matter with everyone since last night?? It’s taken me nearly an hour to catch up on about a hundred postings…..is the weather bad where you all are?

    We have sunshine 😀

  • #68779
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    What’s the matter with everyone since last night?? It’s taken me nearly an hour to catch up on about a hundred postings…..is the weather bad where you all are?

    Yes! Keep up!

  • #68780
    Profile photo of Anonymous
    Anonymous
    Participant

    😆

  • #68781
    Profile photo of Inez
    Inez
    Participant

    Youre welcome and a) its bloomin freezing , even my thermal vest isnt working and b) there is nothing happening! I think we all fought over the lonely phonecall this morning!

    Im not panicking yet cos we made 2 sales this week (assuming they complete) And our Moroccan side is really taking off.

    Im sitting and waiting as it will pick up for us soon Im sure…

    Anyway its friday as well – I hear the glass of wane calling my name…Inez…Inez….

  • #68782
    Profile photo of Anonymous
    Anonymous
    Participant

    @inez wrote:

    I hear the glass of wane calling my name…Inez…Inez….

    Looks like it called some time ago………….. 😆

  • #68784
    Profile photo of Anonymous
    Anonymous
    Participant

    What’s the matter with everyone since last night?? It’s taken me nearly an hour to catch up on about a hundred postings…..is the weather bad where you all are?

    It’s bright sunshine where I live and so warm I’ve opened the windows!! 😀

  • #68785
    Profile photo of Inez
    Inez
    Participant

    Crikey – it DEFINATELY is friday. Think I will slip out for a snufter… Can see the sun yet and Im looking over the port at Banus. Lovely view and wonderful with the fire on full blast!!!

  • #68786
    Profile photo of Anonymous
    Anonymous
    Participant

    Inez,
    Couldn’t you have a word with the Marbella Council to place some €500 notes out side the gates of heaven & hell. So you can get some sun.

    It seams brown envelopes can get earth moving than why not the sun.

    Its sunny in London and the heating is not on.

    Have a good weekend. Do finish the left over Brandy from last week.

  • #68791
    Profile photo of Inez
    Inez
    Participant

    Hi Shakeel,

    That seems a great idea but I prefer to spend the 500 euros on more wane, wine and brandy! (oh and a little food!)

  • #68793
    Profile photo of Anonymous
    Anonymous
    Participant

    oohhmmm, I wonder if you have your priorities sorted out. Maybe ?

  • #68798
    Profile photo of Paul
    Paul
    Participant

    😉

    I totally agree with Claire and charlie that Spain has only itself to blame for what’s happening in their property market. There is NO protection for buyers from all the SHARKS (the usual ones) that are still allowed to operate with impunity. It can only be a greed thing for the Spanish Gov’t to allow this to continue, property taxes, VAT, Stamp Duty etc etc.

    How can anyone feel confident buying there, the crooks are ruining it for the honest operators?

    Inez, a question for you? You once said you were getting re-sales from Bulgaria etc, but I’ve heard there is virtually no re-sale market there, and the potential could be worse than Spain because there is a poor Winter climate as well. How do you read the situation there?

    I’ve heard too, that Awful Estates are concentrating a lot of their efforts there to, from their office in Banus, which suggests that their Spanish sales have dropped right off.

  • #68803
    Profile photo of Inez
    Inez
    Participant

    Hi Paul, I totally agree with you. There are sharks around and still are.

    We havent even had a sniff on the Bulgarian resales based front line Sunny beach.

    We researched Bulgaria as a second market for us to balance Spain but decided against it. I visted the country many years ago and i still think its nice in the summer only but once the price gets so out of the price bracket for the locals then you are in big trouble. At least here in Spain we are selling to Spanish which ensures the market doesnt totally collapse.

  • #68805
    Profile photo of Paul
    Paul
    Participant

    😉

    Thanks for the info Inez, I just think Bulgaria is a disaster waiting to happen for buyers, as well as one or two other places that Awful keep pushing.

    I feel sorry for the often smaller honest agents in Spain whose business is hit by all the scandals involving the usual crooks.

    What can be done about it, or will it sort itself out with better regulation from Spain in time, a long time though?

  • #68807
    Profile photo of Inez
    Inez
    Participant

    Hi Paul, you are welcome. Yes the place will be a disaster – worse than Spain! I also feel for the small guys but we will survive mainly due to the tenacity needed to set up in your own business, the love of the country and the buyers will choose to go to the small guys. Also if the big ones go – we only need one big one to hit the dust and I for one will be making sure the info hits every corner of the internet.

    Most buyers now use the internet to source properties and this will help the little guys as well.

    We dont need the massive commissions either – nice to have if you can get it, but when you need to tighten the belt it can be done by the smaller ones, work from home etc.

    Spain used to be regulated and something many people dont know is there are strict courses – they cost around 2000 euros and once qualifies you can use the emblam (that means nothing in eu or uk) but can even work legally as a valuer.

    Im looking into it now as for sure its one area Spain will go back to – they deregulized a few years back allowing the second hand car salesman in to rip off their own countryman! 👿

You must be logged in to reply to this topic.