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Sounds right to me.

One thing hasnt been mentioned what would be san jose position if people started asking for discounts to complete. I suspect they might be between a rock and a hard place as well. For anybody completeing now its worth a try.

Unless I get a buyer for a 15% reduction in price to buy ( giving me an extra 5% ) my contracts Im out.

Anybody looking for an apartment for themselves would be getting a good deal and way better than from san jose agents I have spoken to regarding thier new prices.

Hi Kevin and Mark,

I must agree with your decisions in light of your reason to buy in Spain. You both seem to have bought in the hope of a short term investment and in that, I think you have been misled. The cash bubble in Spain burst some time ago and is for the time being having a slow growth.

Our property is purely for our own use with the hope that in years to come it might provide a pension.

I wish you luck in the sale of your properties.

Have you contacted the other agents that are selling on Playa Golf? Atlas, Amber sun, Paradore or Resale Espania etc.

Good luck, Sping….

Sping, Mark

I've sent you both personal e mails, can you confirm if they have arrived as i'm new to this and not sure if it has worked. 

Thanks anyway for your help.

for your info. I recived an e-mail from you on the 27th.

Sping...

Mine was definatly an investment purchase having a few properties in the uk I wanted to diversify. As an investor I went into it with my eyes open and knew the risks. I am not complaining now things have gone wrong. However what I want to do now is come out of it in the best possible way.

Theres definatly a bubble as I posted earlier however in 2004 when I bought these there was'nt and it still looked a decent bet. As Ive said anybody buying a holiday home for there own use wil be ok, and this is a definate buying opportunity for them. but not investment as Im sure there is no chance of covering rents at the moment. One post said he paid the management company £60 per quater for marketing and got 50 euro back in rent. Not brilliant.

Cheers

mark