October 30, 2007 at 4:52 pm #53438
coming on here for about a year, must say if I had seen this site before, I would never have bought a place in Spain.
October 30, 2007 at 4:58 pm #75961katyBlocked
Neither would I 😆 I am very happy with the purchase though, owned property here for 20 years. Think the last few years has been a bad period for purchases and a good time for the corrupt and greedy. Think it will be safer now.
October 30, 2007 at 5:18 pm #75963
Try and look at the positive side of all this doom and gloom, Blue. Forewarned is forearmed and things can only get better……….
October 30, 2007 at 5:18 pm #75964InezParticipant
Dont hold your breath…….!
Anyway, there is still healthy interest not only from overseas buyers for holiday/retirement homes, but also from the Spanish and from non spanish residents living here, Im pleased to report.
Its just quieter than before, but there is business to be had, Im fairly busy so fingers crossed!
October 30, 2007 at 5:26 pm #75965
Dont worry. Save your money and keep looking around for bargains. I am sure a lot of them will be available during 2008.
Spais is a good place despite the corruption and all the mess.
October 30, 2007 at 10:09 pm #75971Blue wrote:coming on here for about a year, must say if I had seen this site before, I would never have bought a place in Spain.
Nobody should buy a place in Spain in 2007, prices in 2008 and 2009 will be (much) lower.
October 31, 2007 at 9:37 am #75985
Mirroring Inez’s comments, I had clients here I month ago the wife was shortlisting property for her husband to come for a second visit this week, she shortlisted 3 properties to see again all of which are now sold, it seems that good places sensibly priced are still selling. also this week have had 2 vendors saying that they were not prepared to entertain the offers being made and are withdrawing their property from sale and will sit it out until the market recovers!!
October 31, 2007 at 9:54 am #75987katyBlocked
Jim I remember the last recession (early 90’s) and there were hardly any properties on the market on the CDS. May only sell when they think they can get a good price.
October 31, 2007 at 3:09 pm #75994
CDS is not the only good place in Spain. Hundred of thousands of properties will be waiting for an owner in the following years.
October 31, 2007 at 3:13 pm #75995InezParticipant
Yes and if they have finance on the property then they may not be able to go below a certain price, therefore the banks will end up with a massive surplus and then maybe will have to take what they can get to shift the stock and not build up community fees!
Its rather complex but the really really cheap places wont be seen for another couple of years (via the banks) and anything in good location well priced will always sell.
There will be the odd exceptions to this rule, but not many!
October 31, 2007 at 5:08 pm #75996
November 1, 2007 at 8:04 am #75999
The problem with this site is that all the happy purchasers don’t come over to foums such as this to complain. The vast majority are happy purchasers.
But this forum, I think, was created not so much to tell happy yappy stories with dazzling coloured avatars -of which you learn nothing- albeit to raise the public awareness on certain issues regarding Spanish property. And this involves often some very sad stories.
In life you learn more from failures than from success.
In any case Spain is a beautiuful place to live in and fortunately for you expats it is very cheap for you so don’t let all the sad stories put you off from purchasing property in Spain. You only live once, enjoy it. The media at times tends to create a mountain out of a mole hill (i.e. all illegal dwellings will be demolished in Spain … 🙄 ).
Look at Chiclana, all 40.000 illegal dwellings have been legalised and no compensations have been paid to the town hall, a true general amnesty. Why don’t they talk of that ? Why focus all the time in Marbella’s compensations then ? Because it helps to sell newspapers, bad news is good news.
November 1, 2007 at 8:55 am #76000
Brilliant posting by one of the most respected members of the forum and this is what some of us have been saying for months. 😉
The whole balance of the forum has been out and centered on one area and in paticular to very small number of developments and developers.
Frank 😉 8) 😀
November 1, 2007 at 9:06 am #76001
There are many, many different developments and developers named from many different areas. Some people,myself included, have a focus on one area as it is pertinent to their situation. Perhaps, Frank that is why you think no others are mentioned.
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