Reply To: Looking to buy 2b apartment on Costa DORADA: Questions

#83882
Anonymous
Participant

Hi Tim,

indeed, there are developers that will be selling €200,000 properties for half that in a few years. As soon as they can accept that the market is a BUYERS market then you will see prices come down. Some people estimate it is taking 18 months ++ to sell a property now so you should wait , and wait, and wait a bit longer before you make any decisions. Check out this web site, but my opinion is that it is now most logical to wait for a couple of years before even considering making an offer. I reckon Spanish property markets will take years to recover. Remember that they have around 2 million surplus properies that are unsold and this will keep it a buyers market for many years to come.

http://www.kyero.com/