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News appeared today at La Verdad newspaper of Murcia region:
Experts argue that 1 of 3 offices will close because of lack of business:
The president ot the the association of property developers tells there is a drop in prices:
http://www.laverdad.es/murcia/prensa/20070909/region_murcia/lopez-rejas-admite-bajada_20070909.html
One Real Estate Agent tells that there is more waiting till selling a property:
http://www.laverdad.es/murcia/prensa/20070909/region_murcia/ahora-tarda-vender-porque_20070909.html
Well, the fall of the Spanish property market is a story with new chapters everyday. Things have got worse lately so one good option will be to save money, rent for vacations and wait for bargains. Isn’t it?
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peterparra wrote:News appeared today at La Verdad newspaper of Murcia region:
Experts argue that 1 of 3 offices will close because of lack of business:
The president ot the the association of property developers tells there is a drop in prices:
http://www.laverdad.es/murcia/prensa/20070909/region_murcia/lopez-rejas-admite-bajada_20070909.html
One Real Estate Agent tells that there is more waiting till selling a property:
http://www.laverdad.es/murcia/prensa/20070909/region_murcia/ahora-tarda-vender-porque_20070909.html
Well, the fall of the Spanish property market is a story with new chapters everyday. Things have got worse lately so one good option will be to save money, rent for vacations and wait for bargains. Isn’t it?
I am not sure what the appreciation was in Spain, but the crashes usually take prices to where they were before the boom. The fear is a devastating feeling.
The bargains will appear in 2-3 years, till then will be only catching knifes.
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@katy wrote:
Surely no in Murcia! Someone was saying everything was hunky-dory there and prices were rising 😉 🙂
When I was a lad, not so long ago but what feels an age, there was a recession. Now, I am a bright lad, I have an IQ of 224, I have a degree in biophysics, I’m drop dead gorgeous, have a sparkling personality and I was once nominated for a Nobel peace prize. I thought I could ride out any recession and I did, but by the skin of my teeth.
What I learnt from this experience is interdependence. You see, if ugly, less bright and less charismatic people are unable to spend money then it has an affect on me.
Now, I reckon that anyone able to build lots of hotels in Murcia which will employ lots of people and therefore maintain the employment rate is far brighter than I. They probably have contacts with people from the planet Zog who are advertising a new holiday destination, planet earth.
Either that or even the brightest people are prone to misreading the market.
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That someone was probably me Katy. 😉
However what I think I actually said was in MY part of Murcia (cannot be bothered to find the actual posting so might be wrong !) because ,in Spain, as with any county in UK one can never lump together property prices or state of business in different council areas.
Certain districts will always out perform others because the infrastructure is more beneficial or pleasing.
Personally only speak as I find and a new 3 bed,3 bath house in my road is on sale for 1.635 million euro’s 😯
Of course they have to sell but notice, through meeting new Brits in this area, that properties around 400,000 mark are changing hands at a steady rate.
Believe Charlie the article was about hotels instead of housing in area near Mojacar,Almeria. -
That’s the one.
Think the link you gave was this one: http://www.cbnalmeria.com/
but unfortunately the webpage is not showing the article anymore. -
Charlie the article was about building for tourism inland behind Garrucha.
Will try and find link again.
Personally think it madness when you consider the explosion of “holiday” builds already insitu and those preparing to start in this area.
Have to admit most complexes and the new infracture in this area is pleasing to the eye but it seems never ending.
Only greenish areas are the golf courses now and unless up a mountain one can only guess at what the coastline looks like. In my view such a pity.
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