Thursday, Mar 27, 2008
Polaris World Newsletter
sales@property-abroad.com: Newsletter as emailed
Further to the article on the Spanish property market, Property-Abroad have kindly provided proof of what its really like in the market place for new builds. Remember the TV ads?!
Posted by house_of_cards @ 01:06 PM (590 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Crashwatcher said...
I see what they mean by incredible prices - over £100k for a tiny 3rd floor appartment. I bought a whole house with 3 bedrooms and a garden for half that just 8 years ago. I hope its just for a limited time - hopefully befor long they will be selling them at realistic prices.
2. layers said...
Wow - 35% discount straight off & fully furnished. If that isn't a crash which also has the stench of desperation, then I don't know what is! Gives us all some idea of where most BTLs are really worth, and I still don't believe anyone will be buying as sentiment is low and fear is rife.
@Great find house_of_cards.
This article should be used as a 'marker' that provides evidence of the crash.
@Plan4crash - any luck with the wiki?
3. plato said...
This appears to be the initial drop of around 35 - 40% off the overvalued price. I would imagine that this will be followed by a real drop in property value which could be as much or more.
That is, unless virtually interest free, no deposit 150% mortgages become available to under age drinkers.
4. layers said...
@Plato - LoL, particularly as your last statement would not have been scoffed at 12 months ago! And totally agree that if we're seeing this initial drop, then there's bound to be a lot more - especially when more and more units are defaulted on. I wonder too, if when it comes to re-mortgaging Barclays (which advertise on the site) will say that their surveyor now thinks the property is worth 50% less, so pony-up EUR150k or f*k off ;-)
All a downward, deflationary spiral...
5. geed said...
Where do I sign?......I would do anything for that sun to be beating down on the base of my neck though.