Hello,
Last two weeks my friends asked me to look for him to help him buy the right flat. Since I have been doing my homework
. Again, let's share some fresh experiences.
In the same street, I visited two flats. With 3 bedrooms, 2 bathrooms, one nice living room, a place to park your car, same age ( about 27 years old ). Same Builder. One is on sale for
175 000 euros ( on sale already for the last two years), the other one at
125 000 ( and the owner is willing to negotiate something
).
Why such a big difference.
The expensive one, the owners decided that they
WANT 175 000 for the flat, and they won't sale it at that price ( I bought one three years ago, completely refresh for 121 250 euros. And the market went down. Market price for that 115 000 to 135 000 ( 115 000 is a good deal, 135 000 only if the flat was rebuild inside ( new kitchen, bathrooms, paint, floor, windows etc...))
And the second owner asked prices in a few agencies to know the market value.
Now my second example. Same street, two buildings, touching each other. Same area, same view. One with garage ( at least 15 000 euros to buy a garage on that area). One for 140 000 without garage, with a very old aspect, floor, walls, kitchen.... The other one 137 000 with garage, a new kitchen, new floor, new bathroom.
So I already have some example of prices that are not fair.
So If you want to buy, and if you would like to make a good deal, get someone to help you, or spend time visiting with various agencies, owners etc...
In my blog you can find some infos, not lot yet because I only started a few weeks ago.
Take care and enjoy Portugal.
And by the way today is the celebration of the "Portuguese revolution". In 1974 Portugal was still under a Dictature.
Sebastien Lacroix
Independent Real Estate Consultant