Re: Re: More Bad news for Spanish Property!

#80502
mike
Participant

@angie wrote:

According to Town Crier, 45% of all new builds on the Coast remain UNSOLD, that´s up 20% on year ago.

It takes an average 52 months to sell a flat, and 56 months to sell a villa, in both cases prices would have been slashed no doubt!

It takes on average more than 4 years to sell a property? What happens if you are really motivated to sell, how low would you have to go to get a sale in a few months? And I don’t think we’ve really started yet as there are lots more developments coming to the market at the same time that banks are getting a little cautious to whom they lend money.

Spain in two years is going to be like something out of a Mad Max film!