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GloomMonger

Anyone Have Access To The Times Online?

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Have just seen an article in todays Times about Spanish property that nobody wants and the exposure of the banks to bad loans. Would appreciate it if someone could paste the article.

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The Times are in a space where no one can hear them scream.

:lol:

They are almost blotted from my memory and are hardly quoted by anyone anymore unlike the FT who did the same thing by charging for a peek.

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Lots of Developments being sold off for less than half price on the Costa Del Sol. Looked at some large (160sqm) 4 bed townhouses, 250 yards from beach which sold for €550.000 in 2006, going for €175-195k. Very high spec including private double garage in basement with lifts in each house. I then thought how much is that worth really....and I decided about €150,000...so did not buy.

I live in the CDS so know a lot of the deals.

N

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Lots of Developments being sold off for less than half price on the Costa Del Sol. Looked at some large (160sqm) 4 bed townhouses, 250 yards from beach which sold for €550.000 in 2006, going for €175-195k. Very high spec including private double garage in basement with lifts in each house. I then thought how much is that worth really....and I decided about €150,000...so did not buy.

I live in the CDS so know a lot of the deals.

N

Link?

I have a sister who is living on the Costa Tropicana in the market to buy after some mega drops.

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Link?

I have a sister who is living on the Costa Tropicana in the market to buy after some mega drops.

They are often marketed by sales (not realestate) companies. These are professional investment companies. I will dig out the links later but most Spanish banks now have them on their own websites.....

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Lots of Developments being sold off for less than half price on the Costa Del Sol. Looked at some large (160sqm) 4 bed townhouses, 250 yards from beach which sold for €550.000 in 2006, going for €175-195k. Very high spec including private double garage in basement with lifts in each house. I then thought how much is that worth really....and I decided about €150,000...so did not buy.

I live in the CDS so know a lot of the deals.

N

I would have thought a place like that might be a good buy?

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The advice I keep hearing (from an expats site) and it seems like good advice, is to go and rent a property for 6 months (or a year) in the area you're thinking of buying. Rents away from prime beach front territory are very good value now. Plus it gives you the chance to look around and see the advantages/disadvantages of different locations. Most importantly, it'll give you the chance to ask around and make your presence known - you should then find the desperate sellers approach you (or at least find out who they are). In the meantime prices should then have dropped some more! Moreover, don't buy in summer when tourists are around - property will be seen as potential revenue-generators, and holiday home converts may swell the price. Put your bid in on a rainy day in November or (better) January/February. Following site is meant to be one of the better ones for searching for property:

www.kyero.com

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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