Re: Re: Is that all it is worth

#99252

Anonymous
Participant

@dartboy wrote:

…… so yours would need to have something special to make it stand out

And something special means reducing the price by 10~15% below the cheapest in the area so that it will sell, assuming there are some buyers out there. Otherwise you fall into the classic trap of chasing the market down, because in another 18 months All properties will be 10~15% down on today’s prices and then your property does not seem so appealing at its current price.

Not good news to read but the market is absolutely devastated, not only are the Spanish not going to buy for a long time, but also other North Europeans are struggling with their own austerity measure.