Yes, I agree. The 50% off developers prices are just like the old MFI sales. Buyers also have to take into account that many recent re-sales that have come onto the market have been more sensibly priced and taken into account the falling market. Some buyers need to ask themselves would they sell their UK home for even30% less, probably not. Not everyone is Spain is desperate to sell…they will just wait a little longer.
Hillbilly’s house is ideal for the spanish market, low priced and a one-off. Most spanish do not like to buy in communities that charge high fees and have lots of foreign tourists around.