No we have not given up....but when a situation like this arises.......static markets in EU and for UK buyers a low exchange rate everyone is re thinking their marketing strategy!!
Many buyers for Spain are waiting to see how the rate changes.....and there will be a time lag before people get used to a lower rate and appreciate that there are some good buys both new and re sale in Spain, even allowing for the exchange rate
Very few forced sales but UK owners who want to sell and have seen the exchange rate move in their favour, can afford to sell at 15% or so less than they expected and still get a good sale in £!!
But for life style buyers who have the cash or want to buy with ' say 70% mortgage' then a buy in 2008 will in say 2018 look very good
Eg: Polaris World Indalo de Alhama -if you buy now a 2 bed maisonette with a solarium for now circa £94,330
Ready in 2010 when all the facilities will be ready
You or your visitors will be able to play the best 9 golf courses ' anywhere' at an owners rate
You complete in 2010 on an established development
The credit crunch is now history
But as you are buying for life style.....not as a dealer.....you are going to have a very good buy
Lets say you use it for a few years say to 2015....and then decide to sell
You have paid a price fixed 7 years ago
Can anyone from their lifetime knowledge not think that you will make a ' nice little' profit!!...even at todays exchange rate for the deposit!!
In reality if you make a reservation now the cost is circa £2362 and then say pay 10 % in 3 months at todays rate and say 30% in 6 months [ rate may be better!]
You are buying on a top class development at todays prices and....probably not intending to sell for a long time.......so life style wise it has to be a good buy
The property professionals will always buy when the market is ' dead' or at least very slow...so why not you!!
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