Auto states he has a 'Spainish property to sell if I ever sell it' which says enough about the difficulty in disposing of Spainish property especially as he/she has made such good money in Spain over the years and knows the market so well.
The purchasers of BG property have been told their in denial about the future for BG apartment resales.
I think therefore with what's happening in Spain it looks to me like therefore that people who have bought in Spain in the last couple of years can join the club of being in denial.
A poster above also stated about the concrete jungle driving from Malaga.
So, it's not only BG that concrete jungles exist.
Rather have my 85k apartment in BG now than investing in Spainish market a couple of years ago or in the Irish market a couple of years ago. At least the most I will lose is 85k and as for Spain or Ireland who knows what I would be losing.
Auto states he has a 'Spainish property to sell if I ever sell it' which says enough about the difficulty in disposing of Spainish property especially as he/she has made such good money in Spain over the years and knows the market so well.
The purchasers of BG property have been told their in denial about the future for BG apartment resales.
I think therefore with what's happening in Spain it looks to me like therefore that people who have bought in Spain in the last couple of years can join the club of being in denial.
A poster above also stated about the concrete jungle driving from Malaga.
So, it's not only BG that concrete jungles exist.
Rather have my 85k apartment in BG now than investing in Spainish market a couple of years ago or in the Irish market a couple of years ago. At least the most I will lose is 85k and as for Spain or Ireland who knows what I would be losing.
Auto states he has a 'Spainish property to sell if I ever sell it' which says enough about the difficulty in disposing of Spainish property especially as he/she has made such good money in Spain over the years and knows the market so well.
I am in Spain at present doing some maintenance on our rental villa.
Lot of property for sale and sales slow but rentals very strong as the climate facilitates year round rentals. We book for 45-50 weeks per year and having a private pool with heater is key in this regard.
Definite reduction in new builds since last few years.
I think now is good time to buy and really to bargain down a motivated private seller.
If I had more time on my hands would buy again now but would not touch an appt as so difficult to rent. Villa with private pool always rents here.
But economists warned that the housing market in Spain is about to implode.
Diana Choyleva, director and chief economist at Lombard Street Research, said holiday home owners who flocked to Spain over the last couple of years could now see the price of their investment fall.
She added: “This is not good news for foreign investors in Spain. The problem is in supply. We have had over investment on a gigantic scale and it has already started a slowdown in house price growth.
“We will definitely see house price growth stop and falls in nominal prices are likely in Spain over the next 12 to 18 months.”
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