Reply To: Drop Em’

#78227
Anonymous
Participant

A couple of years ago many were saying Spain (The Costa’s where we Brits buy in droves) was over priced and prices would fall massively. So anyone buying off-plan then should have bought in the knowledge that that was a potential scenario.

Developers/Sales Agents do not set the ‘effective’ price of new off-plan developments, just as owners/Agents don’t set the ‘effective’ price of resale’s, they only set the asking price. All the power is with the buyer…if the buyer does not like the asking price and the seller will not move to a position where the buyer is happy, the buyer can always wait or move on to another deal!

Now is probably not the right time to buy at an E30-40k reduction as I have no doubt that their will be further reductions over time. As I say the power is with the buyer.