Reply To: Spanish property market 2007/2008 report discussion

katy wrote:
I repeat I haven’t seen any bargains on (some) of the gulf coast. Was there in Jan.

It takes lots of time and patience and low-balling.

My mother was lucky to find the right bank (owner orf foreclosed property) at the right moment (they wanted to get rid of some properties in Naples and Cape Coral).

She did not expect her offer to be accepted but she had nothing to lose.
She might still lose 20% of the value though…