Reply To: Spanish property market 2007/2008 report discussion



Hi Katy thanks for the good wishes, settling in ok but its still early days.

Sunwind monte pego is one of those places you either love or hate, a large hillside/mountainside urb. with one road in and one road out. 5 min to the medium sized and still fairly spanish town of pego and approx 10 mins from the beach of oliva. Be careful with the position as the urb. is predominantly north facing meaning in the winter months you could have very limited sun. Granted the villa looks in good condition and well maintained but monte pego is pretty difficult to resell in good market conditions let alone whilst market as it is. Large % of german owners many who bought cash from under the matress before the intro of the euro in germany.

I know its only opinion but it would not be for me, we have one house on monte pego 4 beds pool 2200m2 plot, 210m2 built and at 370k not a sniff, the villa is on with 5+ other agent.

As I say only opinion I am sure many of the other “hundreds”!!! of owners on monte pego would say differently.