Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Severe correption in property market & bargain times › Reply To: Severe correption in property market & bargain times
It is part and parcel of the problem here! No one knows what they should pay or what to offer.
To work from asking prices is misleading as owners tend to decide what they want in a rather hit and miss method – not necessarily what it is worth, or more importantly, what someone else is prepared to pay for it – as that is the true worth!
However, the easiest guide would be to work from an actaul opr estimated BANK valuation and then reduce by 20-20% – should give you a good idea of worth – although bear in mind views and aspects as bank vals dont take that into account!