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Take a look at this article from OPP, Overseas Property Profesional who have just appointed that somewhat dubious character of old John Howell who was heavily involved in pushing overseas property on Channel 4 and 5’s TV programmes for untrustworthy companies including the one we can’t mention whose trial comes up in Spain on 25th April. 👿
This relates to Taylor Wimpey who are again banging their old drum. 🙄 Still trying to sell Los Arqueros which I visited 10 years or more ago, we felt we were in a crater and overlooked by all 😕
http://www.opp.org.uk/news-article.php?id=6286
T.W’s figures are hard to understand, they talk of a 100% surge in British buyers, then say their interest has increased 10% this year, then say their sales are up 63% this year, then say Spain is up 27.8%. ❓
So 100% drops to 10% then goes up to 63%, according to Marc Pritchard Sales and Marketing Manager (says it all there) 😆
Is he or are they on waccy baccy, they can’t agree on their own figures spouted through the spurious OPP? 😆 😆
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Angie, why are you sooooo angry when you spot any signs of optimism???? TW have sold everything on LA and have just started two new promotions on their third phase – i don’t know how many units but probably a couple of hundred!!! you really should relax and channel your boundless energy into something more lucrative!!!!!!! 🙄 🙄 🙄 🙄 🙄
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Ubeda, look at my smilies, they’re laughing mainly, and thanks, I’m perfectly relaxed except when I smell bullshit.
If TW have sold all their units there it’s taken well over 10 years to do so, and the thought of cramming more phases into that crater typifies the overdevelopment along the coastal strip. They are looking for agents though, do you act for them? 😉
One positive from me on that development, whilst I didn’t like the crater it was in, the overall quality was better than many on the Coast even though Wimpey is the cheap end in the UK 😆
Thanks for the advice on something lucrative to get in to, what investments do you think I should concentrate on? There’s very little sure fired investments around at present that one can feel safe investing in, maybe repairing and marking those awful speed humps in Ubeda perhaps 😆
Don’t take my observations too much to heart though, I generally root for the little guys even in Spain, provided the truth is told 😉
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Oy! I live in Los Arqueros!!! Nice view of the sea (well I think it is as its a slightly different blue than the sky at times 🙂 ) Still no finished shops etc and we are looking to move so Im glad I know about the new phase – where is it going to be??? I must admit we have nice views from the terrace and its much quieter than it used to be due to a lack of tourists here. All in all ok, as long as you have a car!
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They are probably more honest in this article where they admit purchases by Brits dropped 6% last year. They are pointing out that German, Swedish and Norwegian purchases grew 10% in 2011 compared to 2010, but a percentage doesn’t mean a lot in one year if it comes from a low base or large drop in the previous years.
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@DBMarcos99 wrote:
They are probably more honest in this article where they admit purchases by Brits dropped 6% last year. They are pointing out that German, Swedish and Norwegian purchases grew 10% in 2011 compared to 2010, but a percentage doesn’t mean a lot in one year if it comes from a low base or large drop in the previous years.
Thats more in line with what I noticed when I worked there.
Germans are a very important factor on certain places like Mallorca though.
Scandinavians as they said are not such a huge group.
Russians are probably the quickest growing one all around the costas.
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DBM99 you’re absolutely right there, about percentages meaning not much if they come from a low base, as an extreme example, 100% increase in interest or sales on a sale of 1 previously would be easy to achieve, it will depend on last years sales I suppose. I see the point that Eurozone buyers may well be making up their numbers rather than Brits.
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Just looked at that article by Taylor Wimpey ES. and studied the photo of all the Scandinavians getting off the plane, it’s a con 😆
How old is that photo? 🙄
Take a look, 1st the plane is old I’m sure judging by it’s windows and livery, the old livery shown on what looks like a now defunct Caravelle, they use Boeing 737’s and all red livery I think.
The really interesting thing is that the woman at the front with 2 daughters are unmistakeably dressed in 1960’s gear, and the woman behind looks like she has a TWA bag and they went bust years ago. It’s hilarious that Taylor Wimpey could get that so wrong 😆 😆 😆
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What is also good to think about when it comes to the scandinavians is that the swedes and the people from Finland almost only buy things in the lower price brackets while the norwegians usually buys more expensive stuff and the norwegians are mostly looking for houses. One thing to look out for though their respective housing markets and what happens to them. Apartments and houses in Swedens bigger cities are still selling in around 3 weeks but the extreme bidding wars are not so common anymore. Because of high immirgration and a communistic style “are not allowed to make money on it” rental market there is an extreme shortage of rentable housing units and this will not change for the next 10-20 years minimum. No policies will probably change for the worse because we are holding elections in 2014.
If their respective economies still holds up and no huge plummets in their own property markets occur the market for norwegians and swedes will continue to grow because of their increasing wealth and also because of a strengthening norwegian and swedish krona. These currencies will continue to stay strong for the forseable future.
As a seller I would deffinately try to market properties to these buyer groups. More expensive things for the norwegians and cheaper stuff for the swedes.
About the photo I think it’s sort of “funny” thing because the swedes where the first groups to populate Spain as expats or whatever you want to call it back in the days but when prices rose they chose other targets instead and have now started again because of the lowered costs. Back then you could buy new apartments/houses for 3000-10000 euros. =) Before i was born ofcourse. I would guess that those are people from Denmark because of the company being Sterling. I have never found a lot of danish people in Spain but I don’t know why?
About the russians. The biggest thing with them is that their group has such a huge potential.
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Angie. I dont think that was an inspection flight. I think it was the one of the early charter/holiday package flights for the Swede’s to worship the early morning sun along with the Germans.
You may recall in the 60’s & 70’s that ladies were not allowed to wear a Bikini on the Beaches. ( Not sugguesting that I and you are that old to remember. I had of course read about it ) perhaps these Swede’s had something to do with the law being changed thanks to the Alicante Lawyer. Good old Viking spirit.
Only wish the current crop of lawyers were so dedicated in acheiving their clients objectives.
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@Ardun wrote:
What is also good to think about when it comes to the scandinavians is that the swedes and the people from Finland almost only buy things in the lower price brackets while the norwegians usually buys more expensive stuff and the norwegians are mostly looking for houses.
You work around Torrevieja don’t you (or did?).
Its the reverse west of Malaga. Swedes. mixed budgets. generally penthouse, sunny properties around the 300.000€. some lower though of course. Norwegians, 140 to 200.000€ some higher though. Danes similar to norwegians.
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We used to play golf with quite a few Norwegians in marbella. They mainly wintered there. Some were from Oslo, many from Stavanger. They owned a mix of villas worth average of 600,000 or apartments worth 3/400,000. All seemed comfortably off but they are a canny lot and many complained about the ridiculous restaurant prices around the area. Frankly to rely on the Scandinavians, Dutch, Germans and Russians to make even a dent in the property market is foolish. A lot of Germans we knew are either selling or have left.
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@Fuengi wrote:
@Ardun wrote:
What is also good to think about when it comes to the scandinavians is that the swedes and the people from Finland almost only buy things in the lower price brackets while the norwegians usually buys more expensive stuff and the norwegians are mostly looking for houses.
You work around Torrevieja don’t you (or did?).
Its the reverse west of Malaga. Swedes. mixed budgets. generally penthouse, sunny properties around the 300.000€. some lower though of course. Norwegians, 140 to 200.000€ some higher though. Danes similar to norwegians.
Oh weird to hear. I did work there. =)
Torrevieja is poor mans Spain in my opinion but not because anything wrong with the area but just that the price level is much lower.
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@katy wrote:
Frankly to rely on the Scandinavians, Dutch, Germans and Russians to make even a dent in the property market is foolish. A lot of Germans we knew are either selling or have left.
mmmm I don’t know. At the end of the day last year foreigners made up 23% of all purchase in Malaga. That’s nearly 1 deal in 5. That’s not to be sniffed at. So although you cannot cater to a single market, you can try to ‘highlight’ the positives that could attract these ‘extra’ markets
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@Fuengi wrote:
@Ardun wrote:
Oh weird to hear. I did work there. =)
Torrevieja is poor mans Spain in my opinion but not because anything wrong with the area but just that the price level is much lower.
ahh yes. the norwegians wanting to visit ‘suden’ and sing Viva Espagna
“suden”? 😀
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