I work in Andalucia, selling property up and down the Costa del Sol.
Vendors are taking some very low offers even in the lower end of the market. I recently sold a two bed appartment five hundred meters from the beach was €195000 and it went for €165000 fully furnished.
The good thing about the resale market at the moment is, if the money is being repatriated to the UK then the vendor by reducing the price is not that much out of pocket because of the stonger Euro to Pound exchange rate.
I currently have beach side appartments, direct from the developer, that were run as an aparthotel, for 20 to 30% below valuation, two minutes from the marina in Duquesa and a five minute walk from Sabinillas. Sea views starting at €217000. Last year they were selling at €270-€295000.
Its the same old story. If you are in a position to move quickly, there is always a deal to be done


Hammer