16 Sep 2012 8:21 PM:
I have been watching property prices with great interest of the past 2 years and have deliberately held back from buying as prices have continued to fall across many areas of southern Spain. I did get very close to buying a nice medium sized villa early this year near Albox but as it was still considered an "illegal build" after 6 years so I reluctantly gave it a miss!!
This year it seems to me that many more vendors are having to continue to reduce the prices as many properties are just not selling.
I do understand where some property vendors have held the price as there may be a mortgage to be repaid etc.
However there are still some ridiculously over ambitious prices being asked in some areas. I have just seen a rather pleasant 2 bedroom/bathroom flat - sorry apartment - for sale in the Marbella area for 350k euros!! I fully understand the ethic of location, location, location but I have seen some great 4 bed roomed villas with pools in very nice locations for way less than that!
As I say it's just an observation of "the rose tints" still being firmly worn by some vendors.
Mind you if they can get a buyer to pay that kind of money for an apartment good luck to em.
But I doubt that there are many prepared to pay a premium like that for Marbella these days.
Cheers
This message was last edited by steve01 on 16/09/2012.
Thread:
Flat in Marbella!
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