- This topic has 14 replies, 7 voices, and was last updated 14 years, 11 months ago by
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Honestly, these people need their heads checking, 325k for this
http://www.fotocasa.es/vivienda/linea-de-la-concepcion-la/terraza-trastero-patio-conil-124098837
Its not unusual for vendors in La Linea to lose track of reality (lots of drug smuggling round these parts) but surely the above has to be the most overvalued property in Spain.
Anyone have anything better?
(edit: i wouldn’t give them half of that amount.)
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This is what you can get for the same amount of money — less than a mile up the road
(and a load more)
Still, the above are all over-valued in today’s market but represent somewhat better value (comparatively)
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How about this….
67m2, 2 bed 1 bath 58m2 terrace for only 300k in Sanlucar de Barrameda – Costa de la Luz Cadiz Province
And here is the LINK **NOW WORKING **
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Im a bit peeved, I reckon you got me beat with that.
Here’s the link Mark, an “Atico” in sanlucar de barrameda. 4.478 €/m2 for a 2 bed, im impressed at the madness.
Funny thing is, if you read the housepricecrash.co.uk forum, they seem to think Spain has experienced a big crash, however, we know a lot better I think. There’s far more expensive dross knocking about than bargains, thats for sure.
Will stay on the hunt for more stinkers.
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@ian_ok wrote:
LINK now updated. Adiep One – nill to me….!!!!
I could find you lots of deluded over priced sellers in this neck of the wood, they seem to think people will pay the price, it’s completely mad.
Ian
Go ahead Ian, post them, we can watch them drop over the coming months.
From my experience, quite a lot of the old folk who are downsizing have extremely unrealistic views on how much their properties are worth, also there’s a lot of greed and people are close to going underwater into negative equity. And of course we have the effect of the press hype who are constantly trying to convince that the property market is in a lull and about to bounce back… Its NOT. Those lending days are LONG GONE.
The penny will drop with time.
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Just digging a bit more.
There’s something really weird going on here, Ive no way of explaining some of the property prices im seeing, theyre literally insane.
For example, this one: 753000 €
Superficie: 110 m2
Habitaciones: 4
Baños: 2It doesn’t even have a proper sea view.
And this one (also) in Santa Maria: 600000 €
Superficie: 225 m2
Habitaciones: 4
Baños: 3(ok its a bit bigger and bit cheaper, but come on !!)
You can get your hands on a perfectly good atico in the same location for a 1/3rd of the above.
Is there some sort of scam going on? Could these be on some banks books at these prices???? Dont think they are typos.
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This one is a real beauty.
Precio: €119.600
M2 Vivienda: 70
Antiguedad: 110 añoshttp://www.inmobiliariagico.es/Forms/Ofertas.aspx?pOfertaId=32904&pTipo=V
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@DrRobert wrote:
It was the Spanish philosophy of putting the price up every subsequent year if a property hasn’t sold that always got me! Are they still doing that?
Yes, around here some are still doing it, One property I looked at in 2002 , which has never sold , was 138,000€, now they want 480,000€. It’s still empty.
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