- This topic has 6 replies, 3 voices, and was last updated 15 years, 3 months ago by
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Mark wrote in his News&Views section:
“Secondly, it means that Spain’s construction sector is being decimated to such an extent it could take a decade or more to recover once the collapse in activity bottoms out. Paradoxically that means that, alongside a massive glut of new properties that nobody wants, there may be a shortage of new properties of the type that some market segments do want.”
Where could these places be? Everywhere I went in Spain there was a flood of “Se Vende” signs.
Excluding prime property (at least 600K+ Euros), I am not sure which place could have a demand bigger that the supply in the near to medium future…
Any guesses/hints?
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@Inez wrote:
Its the first question they ask! If the comm fees are high it doesnt matter how cheap the proeprty is they rarely buy it!
I would also ask first the question about community fees… 150+ Euros per month for
cutting the grass and watering some flowers and cleaningt a louzy swimming pool is not justified…Is the shortage of the properties you mentioned (3/4 beds of around 180 to 200 sqm build priced in the 250k – 300k mark in GOOD areas) everywhere in Costa del Sol or just in some specific places? 1000 Euros/m^2 does not seem too much for a good property in a good area.
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At a risk of going off-topic one of our community Gardeners has recently bought his third property!! He has a nice villa in2000M2, a finca inland and has just bought an apartment nearby. He is also a nephew of the community Administrator 🙄
What keeps fees high is the high cosy of employing staff about a third oncosts I think. Then each community has to pay for it’s own lighting etc.
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Well a GOOD area is respective to the client! That price Marbella to Selwo (Estepona) near the beach though not necessarily beachside I would consider as fair BUT then one has to see the orientation, condition of the urbanization etc etc etc – the figures I gave were quite a general guide.
I cant really comment about other areas as I dont know them.
Families struggle to find family homes with storage for the junk and kids bikes, fair sized kitchens, parking, etc. With commuting to the UK possible and fairly easy and with the internet, people can be based here and still work elsewhere – for the foreigners this is a possible and growing industry, many Spanish made good money in the boom times and saved it and are now looking to invest in cheaper properties!
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