Costa del Sol property & lifestyle, news, views, advice & information

Prices plunging and a rush for homes in Spain

Author: Chris McCarthy  |  June 28th, 2011  |  [4] Comments 

express.co.uk logoWell, I’m hardly going to ignore a headline in the British press like this one really.

It is part of a process that’s building and after many years of highly negative press, it seems inescapable to most now, that well, what goes around comes around and our day is perhaps here once more.

Along with other articles I’m blogging about though, it does sometimes pose the question: Is this a good or a bad thing?

 

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4 Comments

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  1. WHEN BANKS START OFFERING THEIR RESIDENTIAL PROPERTY HOLDINGS AT FIRESALE PRICES WITH ZERO DOWN AND 0% INTEREST, THEN IT WILL BE TIME TO BUY. WE ARE NOT THERE YET;
    WAIT AND THIS WILL HAPPEN JUST LIKE IT HAPPENED IN THE USA!

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    • Chris McCarthy June 29, 2011 10:11 am

      Well Al maybe you can pick up properties for nothing in Detroit and the likes but I doubt they being given away for free in the best parts of Florida, and I think you might have to wait awhile for some in Marbella also! Mind you, we pretty close already, there are properties we sell with zero down and an interest rate of @ 2.5%, which are the sort of deals – never, ever seen before.

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  2. BERNADETTE WILKIN June 29, 2011 9:58 am

    DEAR CHRIS HOPE YOU REMEMBER ME .I WAS THE LADY YOU SAID YOU PERHPS COULD HELP ME SELL MY VILLAS THEY ARE ON YOUR SELLING LIST .REF.NO.V224SSC

    KIND REGARDS BERNADETTE

    WE WERE SEEN BY JACKIE

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    • Chris McCarthy June 29, 2011 10:20 am

      Hi Bernadette,

      I am in the UK at present recovering from a knee operation and hip procedure, I’m sure the office will look into your listing today, they should be back to you by Monday.

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