Reply To: US property market in fastest ever decline. Spain to follow

Spanish Property Insight Forums Spanish Property Forums Spanish Real Estate Chatter US property market in fastest ever decline. Spain to follow Reply To: US property market in fastest ever decline. Spain to follow

#83255
Anonymous
Participant

@maximus wrote:

But where are the bargains?

Don’t think it is so much bargains, but certainly more realistically priced. They are there. Some agents for resort properties do not seem to be showing the price the purchaser will accept and more living in hope.
If the acceptable price was shown as opposed to the asking, it may encourage more to view.
I have been surprised to see that even in the non-tourist area (Towns and Cities), that prices are been shown reduced in some agents displays. Again, not the agents specialising in holiday properties, but the Spanish agents serving the local residents.
If the residential premises are showing a drop, not a lot of hope for the tourist villas and apartments in the resorts.
If I were looking for a resort type premises, I would certainly go in with an offer 40-50% below asking.