The answer is that no one is looking for a bargain. According to my “contacts” in the real estate offices their phones stopped ringing for the last time in May and that there is no one looking to buy – bargain or not. There was a flurry of big purchases (twelve, each over €5m by Russians, East Europeans etc) but that has dried up now. There are many local investors with big cash hordes but they are not tempted to buy real estate here or anywhere at the moment.
My guess is that if you are a bonafide buyer you could negotiate big price cuts in even the best areas now. The thing is no one knows because no one is bidding!!…………
Estate agents have left the coast by the thousand leaving a trail of abandoned black BMW’s and negative equity flats!!