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NOW IS THE TIME TO BUY
Property downturn sparks price slashing
Costa del Sol News 15-21 May, 2008
WHAT FOR years was a seller's market on the Costa has quickly become a buyer's market, with the property downturn now producing widespread markdowns on real estate.
A visit to any property sales office or real estate website quickly confirms that prices are being slashed.
Here are just a few examples from a quick search on the website segundamano.es: Two-bedroom flat in Marbella, was 379,000 euros, now 210,000 euros; two-bedroom flat in Fuengirola, was 324,000 euros, now 230,000 euros; two-bedroom penthouse in Benalmádena, was 199,000 euros, now 180,000 euros; studio apartment in Nerja, was 118,000 euros, now 78,000 euros.
One recent report cited a listing on the property website Idealista.com for a flat in Manilva that had been marked down a staggering 50 per cent, from 550,000 euros to 225,000 euros.
While that may be an exceptional case, examples of significant markdowns can be found on all types and sizes of homes in every region of the Costa.
The trend is the result of a combination of factors including an economic slowdown, rising interest rates, and a stiffening of loan requirements by banks. Added to all of that, say some experts, is a 'latent demand' as many potential buyers sit on the sidelines waiting to see if prices will come down further.
Thus many sellers are finding it necessary to drop their price if they want to unload a property in a reasonable period of time. Recent reports have indicated that in the last year the number of real estate transactions dropped by 20 per cent, while the inventory of unsold homes in Málaga province had reached 27,000 - around the double the figure from two years earlier.
Free gifts and special offers
Developers selling new homes are also resorting to an array of special offers to unload their properties- everything from throwing in a free parking space or storeroom to supplying furniture to paying a year's worth of mortgage payments. In the words of JoséPrado, president of the Málaga Association of Builders and Developers, "This is the ideal time to buy."
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WE HAVE TWO PRICE BANDS;
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CONTACT US NOW BY CLICKING THE "register your interest" BOX BELOW. ONCE YOU HAVE REGISTERED WITH US, AND LET US KNOW YOUR EXACT REQUIREMENTS, WE WILL THEN BE ABLE TO ADVISE YOU OF ALL THE MARBELLA COSTA DEL SOL BARGAIN VILLAS, MARBELLA COSTA DEL SOL BARGAIN LUXURY PROPERTIES CURRENTLY AVAILABLE THAT MEET YOUR CRITERIA BELOW 1 MILLION EUROS?
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BOB CALLAN BARGAIN PROPERTY BROKER WAS ON ITV
MARBELLA COSTA DEL SOL VILLA & PROPERTY BARGAINS Bargain-Quality-Homes.com BOB CALLAN IS FEATURED ON ITV'S PARADISE LOST SHOWING SOME AMAZING BARGAIN PROPERTY DEALS
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BOB CALLAN BARGAIN PROPERTY BROKER WAS ON ITV
SPANISH PROPERTY CRASH HAS CREATED BARGAINS FOR BUYERS
Bob Callan, Bargain Property Broker and our very own Marbella Bargain Villa & Luxury Property Finder was on ITV's programme Paradise Lost, showing Mandy Vickerman around a Marbella Costa Del Sol Bargain Penthouse.
Divorcee Mandy Vickerman has recently swapped Bradford for Marbella, and is hoping to capitalise on the falling property market.
She tells the programme: “It’s obviously the best time to buy. At the moment I'm going have a good look and get the best bargain I can for my money.”
“There are a lot of properties where people want to sell quickly, so sadly it's their misfortune but my gain. I'm hoping to find my ideal place, but it must be at a bargain price. Being a good Yorkshire lass, I like a good deal.”
The programme concludes that the Spanish property crash has created bargains for buyers, but it's also left some people, who bought during the boom, close to ruin.
For some, the British love affair with Spain looks in no danger of fading.
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WE HAVE TWO PRICE BANDS;
BELOW 1 MILLION EUROS FOR MARBELLA COSTA DEL SOL VILLA AND LUXURY PROPERTY BARGAINS.
ABOVE 1 MILLION EUROS FOR EXCLUSIVE BARGAIN HOMES IN THE PRIME AREAS OF MARBELLA AND THE COSTA DEL SOL.
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DETACHED QUALITY VILLA BARGAINS MARBELLA COSTA DEL SOL.
BELOW 1 MILLION EUROS? PLEASE REGISTER YOUR INTEREST NOW, FOR A LUXURY MARBELLA COSTA DEL SOL BARGAIN HOME BELOW 1 MILLION EUROS?
CONTACT US NOW BY CLICKING THE "register your interest" BOX BELOW. ONCE YOU HAVE REGISTERED WITH US, AND LET US KNOW YOUR EXACT REQUIREMENTS, WE WILL THEN BE ABLE TO ADVISE YOU OF ALL THE MARBELLA COSTA DEL SOL BARGAIN VILLAS, MARBELLA COSTA DEL SOL BARGAIN LUXURY PROPERTIES CURRENTLY AVAILABLE THAT MEET YOUR CRITERIA BELOW 1 MILLION EUROS?
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IF YOU ARE?
PLEASE CONTACT US NOW BY CLICKING THE "register your interest" BOX BELOW. ONCE YOU HAVE REGISTERED WITH US, AND LET US KNOW YOUR EXACT REQUIREMENTS, WE WILL THEN BE ABLE TO ADVISE YOU OF ALL THE MARBELLA COSTA DEL SOL EXCLUSIVE BARGAIN HOMES CURRENTLY AVAILABLE THAT MEET YOUR CRITERIA ABOVE 1 MILLION EUROS?
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INFORMATION
€499000 FEATURED EL ROSARIO VILLA BARGAIN
EL ROSARIO MARBELLA GATED SECURE UPMARKET COMMUNITY 5 MINUTES FROM MARBELLA`s BEST BEACHES
Detched one level villa on a flat plot - 3 BED 2 BATH VILLA WITH POOL PRICED TO SELL @ €499,000
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FEATURES
This Detached One Level Villa with Private Pool, is situated in one of the best roads in El Rosario. It is well maintained, including new shaker style white kitchen. It has 3 double bedrooms with master en suite and additional bathroom. The lounge is large with an open fire. Enclosed and covered terrace overlooking pool. Off street parking behind electric gates. Over a 1000m2 flat plot.
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€725000 FEATURED REPOSSESSED PENTHOUSE MARBELLA
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€725000 FEATURED REPOSSESSED PENTHOUSE MARBELLA
- BANK REPOSSESSION - 5* La Alzambra Penthouse 5 minutes walk Puerto Banus
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- La Alzambra is a stunning development of apartments and penthouses, with 5 star specification and luxury finishes, coupled with beautiful tropical gardens and swimming pools. La Alzambra is wonderfully located just 5 minutes walk from the heart of Puerto Banus. The property consists ofLiving / dining room, fully fitted kitchen and laundry area, 3 bedrooms / 3 bathrooms, large terraces with BBQ, 2 garages and 1 storage room.
THIS IS A FEATURED MARBELLA BARGAIN BANK REPOSSESSION PENTHOUSE - WE HAVE MORE BANK REPOSSESSIONS BARGAINS IN OUR DATA BASE...
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Price: €725,000
MARBELLA - COSTA DEL SOL BARGAIN VILLA & PROPERTY FINDERS
WWW.BARGAIN-QUALITY-HOMES.COM ARE BARGAIN PROPERTY FINDERS FOR MARBELLA COSTA DEL SOL BARGAIN VILLAS, MARBELLA COSTA DEL SOL BARGAIN LUXURY PROPERTIES AND MARBELLA COSTA DEL SOL EXCLUSIVE BARGAIN HOMES INCLUDING BANK REPOSSESSIONS AND DISTRESSED PROPERTY SALES, IN ALL PRICE RANGES!
WE HAVE TWO PRICE BANDS;
BELOW 1 MILLION EUROS FOR MARBELLA COSTA DEL SOL VILLA AND LUXURY PROPERTY BARGAINS.
ABOVE 1 MILLION EUROS FOR EXCLUSIVE BARGAIN HOMES IN THE PRIME AREAS OF MARBELLA AND THE COSTA DEL SOL.
BELOW 1 MILLION EUROS; LUXURY MARBELLA COSTA DEL SOL BARGAIN HOMES BELOW 1 MILLION EUROS!
WWW.BARGAIN-QUALITY-HOMES.COM ARE YOUR MARBELLA COSTA DEL SOL BARGAIN VILLA & LUXURY PROPERTY FINDERS FOR BARGAIN HOMES BELOW 1 MILLION EUROS?
WE ARE CONSTANTLY SEARCHING FOR THE FOLLOWING MARBELLA COSTA DEL SOL LUXURY PROPERTY BARGAINS BELOW 1 MILLION EUROS!
LUXURY PENTHOUSES BARGAINS MARBELLA COSTA DEL SOL.
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LUXURY TOWN HOUSE BARGAINS MARBELLA COSTA DEL SOL.
SEMI DETACHED QUALITY VILLA BARGAINS MARBELLA COSTA DEL SOL.
DETACHED QUALITY VILLA BARGAINS MARBELLA COSTA DEL SOL.
BELOW 1 MILLION EUROS? PLEASE REGISTER YOUR INTEREST NOW, FOR A LUXURY MARBELLA COSTA DEL SOL BARGAIN HOME BELOW 1 MILLION EUROS?
CONTACT US NOW BY CLICKING THE "register your interest" BOX BELOW. ONCE YOU HAVE REGISTERED WITH US, AND LET US KNOW YOUR EXACT REQUIREMENTS, WE WILL THEN BE ABLE TO ADVISE YOU OF ALL THE MARBELLA COSTA DEL SOL BARGAIN VILLAS, MARBELLA COSTA DEL SOL BARGAIN LUXURY PROPERTIES CURRENTLY AVAILABLE THAT MEET YOUR CRITERIA BELOW 1 MILLION EUROS?
ABOVE 1 MILLION EUROS; EXCLUSIVE MARBELLA COSTA DEL SOL BARGAIN HOMES ABOVE 1 MILLION EUROS!
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ARE YOU SEARCHING FOR AN EXCLUSIVE MARBELLA COSTA DEL SOL BARGAIN HOME ABOVE 1 MILLION EUROS?
IF YOU ARE?
PLEASE CONTACT US NOW BY CLICKING THE "register your interest" BOX BELOW. ONCE YOU HAVE REGISTERED WITH US, AND LET US KNOW YOUR EXACT REQUIREMENTS, WE WILL THEN BE ABLE TO ADVISE YOU OF ALL THE MARBELLA COSTA DEL SOL EXCLUSIVE BARGAIN HOMES CURRENTLY AVAILABLE THAT MEET YOUR CRITERIA ABOVE 1 MILLION EUROS?
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€197,000 DEVELOPER BARGAINS MARBELLA COSTA DEL SOL
MARBELLA COSTA DEL SOL VILLA & PROPERTY BARGAINS
COSTA DEL SOL DEVELOPER BARGAINS CLOSE TO MARBELLA
-INCREDIBLE BARGAIN DEALS DIRECT FROM A REPUTABLE DEVELOPER- 2 BED BRAND NEW COMPLETED APARTMENTS FROM €197,000
2 BED 2 BATHROOM BARGAINS DIRECT FROM REPUTABLE MARBELLA COSTA DEL SOL DEVELOPER STARTING AT €197,000.MORTGAGE AVAILABLE SUBJECT TO STATUS
Beds: 2 Baths: 2
THIS LUXURY MARBELLA COSTA DEL SOL DEVELOPMENT HAS APARTMENTS STARTING AT €197000. ORIGINALLY THESE APARTMENTS WERE €347.800.00 EUROS, THESE BRAND...
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