Sunday Competition – Smallest reduction

[Anonymous]

Ok…….

to lighten the mood here on Spanish Property Insight…. Who can find the smallest reduction offered by a seller.

I’ll start off… a whooping 1.145% reduction.

(Note I didn’t look very hard so I expect to be beaten pretty quickly)

[adiep]

Saw one, 119,000 down to 118,000.. I think some folks want to get on the reductions filter without making much of a reduction, should be a fun game if it catches on.

[Anonymous]

smallest reduction that would be my waistline 😆

[Anonymous]

Dartboy. Please, dont go down that route.

[angie]

You’ve got to laugh at some of these reductions, 1-15%, maybe 20% are not worth considering especially for bog-standard properties in built-up areas.

I’ve said before, that for Brits hoping to get a deal with current exchange rates, the reduction NEEDS to be 40% or more to make any sense and to provide a buffer against any further downturn.

[logan]

Ask yourself what is the real intentions of the seller in offering property for sale at values way beyond their market worth. Probably to satisfy the pressing lender that they are trying all things to dispose of the debt to gain more time.
Either that or they simply only want to sell at the price they have convinced themselves it’s worth and can afford to wait indefinitely.

[Anonymous]

i viewed a property in 2008 that was up for €218’000 its still for sale at €165’000 its in a very small urb but some of the others for sale are newer,larger and up for €145’000 i wonder why it hasn’t sold oh and its half an hour inland so probable worth €120’000 in a realistic world

[Anonymous]

A real bargain. Reduced from €100,000 to €99,900.

http://www.segundamano.es/malaga/cala-de-mijas-calahonda/a22523788/?ca=29_s&st=s&c=58

[Author]

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