price reduction?????

Hi just out of intrest has anyone since paying their initial deposit on property,tried to negociate a reduction on the balance due to property prices falling and valuation prices in s/c not meeting the original sale prices any replys would be welcome

Hi

I spoke to the sales man today in the office and he confirmed to me that Taray have NOT lowered their prices or put them up from two years ago. However they are still offering the exchange rate of 1.46.

I read an article in the spanish paper (ok hubby did) and it said that the housing market in Murcia was holding value well dropping between 7 and 9percent only. The 3rd best performing region in Spain. Good news for us!!

I guess when you buy off plan it works both ways you can make money before completing or lose it and if prices were still rising as they were 4yrs ago Taray would not be asking for more money nearer completion because the valuations came in higher. Off plan.... always the risk you take.

The salesman did tell me that one property went for a lower price due to certain circumstances... dont know what they were!!

Well whispers anything is worth a try and if you dont ask you dont get!! Good Luck!

p.s whispers someone will have to teach you to post correctly, you dont need to start a new thread to reply, just click on post reply!!!  
 

If they are offering 1.46 then based on today's rates this would be a price reduction around 25%!! I can't believe this is what they are doing!

Actually let me rephrase. Salesman confirmed to me prices are the same as two years ago. Neighbour told me after his enquiries they are still offering exchange rate 1.46. 

I would like to clarify the 1.46 rate which Taray offer......this is on the deposit only and they have an insurance policy in place which enables them to do it.

I think that if they could offer 1.46 on the balance there would be a lot of happy buyers!  And it might even stop some of the whiners! lol

Donna