carleneg

In response to your email, we have a very good deal at the moment! 30% below market value and the developers prices. Urgent sale. Clients circumstances have changed and does not wish to complete next month. Can only be a cash buyer though due to the timescale of completion. Property price 49,693 Stg in the 5 star Turquoise resort in Bodrum. This is less than what was paid for the units when released! if interested email me on info@firstpropertychoice.com or log onto http:/www.firstpropertychoice.com I would certainly class this option as a solid one outside of Istanbul which is also an attractive option! I have photos, floor plans, etc

If you are looking for good value and the best weather, then Calabria has to be a very good option. Many changes are happening within this area which will see the area grow well into the future. Did you read the article in the Telegraph recently? You will find an excellent selection of properties on www.firstpropertychoice.com which will help you, or for price comparisons please contact me direct info@firstpropertychoice.com. You will find the area of Calabria is well below the national average and very affordable unlike Tuscany. You can find more information on this area by logging onto http://www.propertyincalabria.blogspot.com where you will also find details of the €3 billion being spent by the EU and Italian government in this location through the Cohesion Plan which will be complete by 2013. This is also on the EU website. I wish you every success in your search.

Yes you are quite right Cumbre del Rodeo was the project and it had tried to get off the ground quite a few times, although from memory there was always a cloud surrounding its license. Im not sure about the ins and outs of it though with regards to the licenses and effect on owners now as its not a development I ever marketed or sold. Did you end up buying anywhere?

Check with your lawyer. This is the only person who can give you accurate advice as they have the contract between you and the developer. In my experience everyone appears to know everything about property when you ask them, simply because they have bought, but in cases such as this, buying a property is not enough.

My family have owned property in Spain since 1981 so we have experienced many highs and lows in the property market. I have lived in Spain myself since 1996 and have my businesses here and in Italy. The Spanish property market had risen at an immense rate driven largely by overseas investors. The grossly inflated prices you experience in the UK has definitely been seen here in Spain also, and that kind of growth could never continue. Prices are coming down, and as in the UK , there are great bargains to be had. However if you are buying for investment then it should really only be a long term investment ie 5- 10 years as the property market here will take time. Spain is still the no1 holiday destination for the UK and Ireland, so it will always have a market, although will be greatly effected amongst other things by the drop in the pound. The most desireable locations are not dropping at the rate we see in areas such as South Costa Blanca, and whilst there are bargains to be had, the real bargains are the repossessions. Bank repossessions in Spain are more complex than in the UK and whilst many many agents use this in their marketing, very very few of these will be the repossessions they claim. You need the full amount in cash though to buy in this manner and therefore the hugely discounted properties will only be available to a small few. The only way really to get to hear of these types of properties is by being here and in the business such as myself. It would be lovely to have a crystal ball and know how much further the market could drop but one things for sure, the majority of foreign purchasers here in Spain would have had to put in around 30% of their own money initially, which is a lot harder to walk away from than if you had a 100% mortgage on a house as in the Uk. The trend for most people is to find a rent for their property and if they can, to ride the storm. Long term rents are not two a penny here but as most spanish have been forced out of their own property market, there is an increased amount of Spanish renting. Time will tell, and I think we will all be a lot wiser for it.