22 Feb 2011 11:15 AM:
I sold my flat in Calahonda 2 weeks ago. I bought off plan in 2003 and the price I sold for 2 weeks ago was 48% below the price I paid in 2003. However, if I work out the net yield you would get on the 2011 sale price of 110,000 euros - you are still only going to get a yield of 3.5% after expenses. So for these properties to look appealing to investors either rents have to go up or prices have to fall further for yields to become attractive.
Thread:
Daily Mail Scaremongering?
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