21 Feb 2011 10:41 PM:
The truth is that very little is selling at the moment. Prices of English owned properties have often gone down by half in many cases.
Buyers WHO CAN purchase are onto a good thing at the moment. Spanish owners in many cases are totally refusing to drop their prices, their answer is we will wait then untill things revert to normal.
It easy to say but English owners can only hope to sit it out, It will get better you only need to look at property trends over the years.
One interesting way out for owners who do not reside in their premises is to let them out as long term rentals (11 month maximum) This way the property can go back onto the market when things start to move again.
Regards
Ian
Thread:
Daily Mail Scaremongering?
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