2 December 2009
Whilst indeed the press reports are correct, the Spanish property market has started to whirr back into motion, it remains highly price sensitive, it’s now a buyers and investors market and this is the time to buy: only if the price is right will the property sell but in time should render great financial gains. With many top economists predicting a steady increase from 2010 onwards, this could be the time to invest in Spain.
Phillip Brown, Director of the Bentley International real estate company, comments:
“I can cite a recent example to emphasise the point. We had a resale beachside townhouse at Campoamor, which is set on the beautiful costa blanca, it was priced at 180,000 euro’s but after consulting with a motivated vendor they reduced the property to 150,000 euro’s.
“They conducted an open day on an October Saturday and, of the five Spanish couples who attended, one put down 1,000 euro’s in cash and has since paid a full 3,000 euro deposit. We could have sold this three bedroom property to three of the potential buyers, no question.
“This is incredible as their initial sales price in 2007 was 285,000 euro’s, a discount of 42%. With an e-campaign to our database and another open day we are confident we can sell plenty more.”
On the market in the southern Costa Blanca:
Three bedroom townhouse – Recently Reduced For Quick Sale!
This is a fantastic opportunity to acquire a three bedroom, two bathroom property in the prime location of Cabo Roig.Close to all amenities and the beach.
This property compromises 3 large bedrooms and 2 spacious bathrooms its well located in the popular area of San Jose, Cabo Roig and is only a short distance to the white sandy beaches. This Villa comes fully furnished with quality furniture and the terrace off the main bedroom makes an ideal space for watching the Spanish sun set over a glass of fine wine, also has a large rooftop solarium and large communal pool, this property is a great investment for both rental and capital return.
Price 129,950 euro’s discounted from 210,000 euro’s in 2007 – over 40% reduction.
Close to all Amenities and beaches! Will not stay on the market for long.
