Reply To: Are prices beginning to tumble?



Really Im suprised they are being offered at all under the current conditions!

Yes prices are coming down – eg an apartment La Reserva the OLD phase all legal, amatista was selling at its peak at 260k, now on with others at 230k, I just got it at 185k!!! and others are dropping

Its now much easier to talk to owners to get the prices back than it was even 6 months ago and its these delicate nuances I am experiencing which clearly shows price drops

Of course not everyone has to drop and also not everyone can afford to drop if they have mortgages to pay, but if there is a cash buffer, then people are getting out rather fast!