Reply To: Spain and UK seem to be competing for biggest fall in ’09

Spanish Property Insight Forums Spanish Property Forums Spanish Real Estate Chatter Spain and UK seem to be competing for biggest fall in ’09 Reply To: Spain and UK seem to be competing for biggest fall in ’09

#91138
katy
Blocked

http://www.diariosur.es/20090328/malaga/inmobiliarias-venden-bancos-quieren-20090328.html

“Agents sell Property that the banks do not want”

…Discounts of around 30%
…Most have been re-posessed from Developers
…Morales an Agent says there are “opportunities” but not bargains
…Optimistic though, when the stock has been sold, prices will rise.

Problem is those 30% reductions are from Developers overpriced figure. They were still increasing them last year!

Scroll down page and see some of the “offers” on the right 🙄