Re: Re: Anyone looking for a bargain in this market?

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@mark wrote:

Is there anyone looking to buy in this market, hoping to find a bargain? If so, what’s your general impression as you do your research and look around? Are you seeing falls in asking prices? Are you starting to see bargains, or at least reasonable value, or are vendors still dreaming in bubble-land?

Mark

I can give you some examples (randomly chosen, just about some properties I have been following in the last 2 years or so):

– 2 bedroom villa in La Torre Resort. 1 year ago the cheapest resale price was about 210K Euros. Now one can find for 169K beofre bargaining.

– 2 bedroom villa in Mar Menor Resort. 1 year ago the cheapest resale price was about 220K Euros. Now one can find for 189K before bargaining.

-2 bedroom apt. Roda Golf resort. 1 year ago the cheapest resale price was about 220K Euros. Now one can find for 175K before bargaining.

– 2 bedroom apt. in Signoria di Roda. 1 year ago the cheapest resale price was about 180K Euros. Now one can find for 99K before bargaining.

– 2 bedroom apt. in El Andalus , Vera, Costa Almeria. 1 year ago the cheapest resale price was about 170K Euros. Now one can find for 115K before bargaining.

– various 1 bedroom in Costa Calma of El Cotillo in Fuerteventura have seen a 25% decrease in the last year.

– Cabo Roig in Costa Blanca (one of the few places in Torrevieja area worth considering).
Some 1 bedroom and 2 bedroom apts have fallen by 20% in the last year.

– Monachil (Sierra Neva area). Some prices went down by 15% since June 2008.

I do not know almost anything about the evolution of Costa del Sol prices. I only started looking recently there.