GloomMonger Posted January 18, 2011 Share Posted January 18, 2011 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. Quote Link to comment Share on other sites More sharing options...
Little Professor Posted January 18, 2011 Share Posted January 18, 2011 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. What's the article's headline? Quote Link to comment Share on other sites More sharing options...
GloomMonger Posted January 18, 2011 Author Share Posted January 18, 2011 What's the article's headline? "The Spanish properties nobody wants to buy" Quote Link to comment Share on other sites More sharing options...
leicestersq Posted January 18, 2011 Share Posted January 18, 2011 The Times are in a space where no one can hear them scream. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 18, 2011 Share Posted January 18, 2011 The Times are in a space where no one can hear them scream. 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. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted January 18, 2011 Share Posted January 18, 2011 I kind of expect in spain the 90% off seen in bits of Florida. And thats if the development ever got permission in the first place. Quote Link to comment Share on other sites More sharing options...
Nautorius Posted January 18, 2011 Share Posted January 18, 2011 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 Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 18, 2011 Share Posted January 18, 2011 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. Quote Link to comment Share on other sites More sharing options...
Nautorius Posted January 18, 2011 Share Posted January 18, 2011 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..... Quote Link to comment Share on other sites More sharing options...
Pauly_Boy Posted January 18, 2011 Share Posted January 18, 2011 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? Quote Link to comment Share on other sites More sharing options...
Trampa501 Posted May 21, 2011 Share Posted May 21, 2011 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 Quote Link to comment Share on other sites More sharing options...
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