Is there anyone looking to buy in this market, hoping to find a bargain? If so, what’s your general impression as you do your research and look around? Are you seeing falls in asking prices? Are you starting to see bargains, or at least reasonable value, or are vendors still dreaming in bubble-land?
I have been looking for something in Almunecar for some while now and I find the prices more or less the same as previously, and which are in my opinion overpriced. Some properties have reduced slightly (20k) but that was on the basis that the original asking price was a joke. I am hoping that I can pick something up some time and am prepared to wait and see what happens over the next couple of years. Most small villas are around the 500k EUR mark and have stayed at a similar price for the last 2 to 3 years.
When/If the price gets to around 200k EUR for a 500m2 plot then I might be prepared to stump up the cash but not until then.