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Old 10-07-2008, 05:32 AM
Monika Berlin Monika Berlin is offline
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Join Date: Jul 2008
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Quote:
Originally Posted by rowlandsbb View Post
Do not know about 'improving', certainly in the good locations and good developers it is relatively stable but with some good offers about

Also some good re sales which seem to turn up every other day at present

Also UK owners who in 2007 where thinking of selling and had a price fixed in their mind in £ can now afford to sell at circa 15% less in € and still end up with the same amount of £

To be real I think the general view is that there will be some more Spanish developers who will get in to trouble[ just like our Wimpeys!] and that it will be 2010 before there is any improvement and say circa 10 years [ 2018] before the next boom

But for life style buyers, life is moving quickly as always!.....and 2008 is a good time to buy as you will find some good deals [ just ask for details ......even on good locations ]
If for example you are wanting to do what I am doing........bought off plan villa near Huercal Overa for winter use[ prices start from 170.000 € on 400 m2 plots]......due to be ready March 2009 but expect it to be mid summer 2009
So by the time completion takes place and everything is set up , it will be late 2009 early 2010 so that my first full winter will be 2010/2011
By then the market should be picking up and I ' sure that I will look back and think that the price I paid fixed late 2007 was a good deal!!! and in the years that follow we will all look back and say' 2008 was a good year .........to buy'.......well I hope so !!!
If you are prepared to sit on your investment for the next 5 years without needing the cash flow, yes you might want to buy in Spain right now. Otherwise Spain is a big no no right now. If you don't agree, watch the news.
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