Life in the Old Girl Yet?

The Andalucian property market is alive! It may not be booming or even in good health but the heart is still beating judging by the unusually large number of sold properties in the update this week. The message is clear; bargains are selling! For a while now I have been telling people of the rising level of interest in Spanish properties and we are now seeing the results. The give away bargains are being snapped up and I know a lot of people are going to regret that they didn't jump in when they had the chance. They will be remembering the old saying about “never look a gift horse in the mouth” and kicking themselves! Deals are being done that some people will be bragging to their grand children about.

Now I know I will get a response from the nay sayers telling me how many unsold homes there are in Spain, how bad the local economy is and how many houses the banks want shot of. They use this supposed information as an excuse to do nothing and stay out of the market. What they forget is that the great overhang of unsold property is the detritus of the last boom; poor quality property in over developed locations that only a bonus felled banker would ever have lent money on. What is selling are quality homes (at every price level) in desirable locations at rock bottom, eye wateringly low (for the seller), prices. For buyers the problem is that these bargains are all “one offs”. They can’t be replaced and in fact may start to disappear, sold or not, very soon. I have been seeing owners withdrawing their homes from sale in the expectation that the coming weeks and months will see a steady upward movement on prices.

The moral of the story is clear; if you see you dream home at a bargain price, buy it now. Wait and you will miss out. And if you can't see your dream home on my site feel free to tell me all about it. The guys are always pleased to go looking for something special for the client who knows what he or she wants.

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