Reply To: Has the gain in Spain gone down the drain?

#84557

Anonymous
Participant
flosmichael wrote:
I am not sure why Mark just does not tell people to avoid buying in Spain!!

There is nothing to be bought now that cannot be bought for less in 1-2 year time.

For those looking to offload their homes in this region, the strong euro means that owners are having to cut asking prices by at least 15% to attract British buyers, says Mick Roscoe, of The Property Shop in Quesada, about five miles from Torrevieja.

“Lots of estate agents have gone out of business. Sales volumes are about the same as last year, but it tends to be cheaper properties that sell and we’re having to work harder to get customers.

“It’s a good time to buy if you have got the money but the banks are really tightening up on loans.”

Other than”Lots of estate agents have gone out of business” and”Banks are really tightening up on loans” can find nothing else I agree with in the statements made by Mr Roscoe. I would say that it is necessary to drop 25%+ to find any interest. I doubt very much that sales volumes are about the same as last year and now is cerainly not a “good time to buy”.

As another poster has said why do agents lie continually.