Reply To: Holiday homes lose their shine

#75453

Anonymous
Participant

Nice one katy.

The true reality is that in these days we can find some bargains because there is a lot of people who bought only to sell before “escrituras”. But they have found that the selling period today is longer so they struggle to dispatch the properties before the feared “escrituras”.

For example, here in Lorca, I found some very affordable 3 room flat for about 150.000 euros (The medium price for this was 180.000). It belongs to a real estate agent who bought them to get a profit selling them before “escrituras” but now he has found that the banks dont want to give him the mortgages so he have to sell the flats. If not he will lose the money of the first agreement.