repossessions
July 14th, 2005
In the UK, different marketing groups often come to different conclusions about housing market trends there.The basic problems are those of monitoring advertised prices versus agreed prices and the time lag between agreeing a sale and closing the deal. The situation in Spain is very similar except that almost ...
Continue reading Why pricing reports tell different stories
April 23rd, 2007
The emergence of property auctions in over-developed markets in Spain, Cyprus and parts of Eastern Europe indicate the next stage in the evolution of the second homes market. Industry commentators observe that a crash in the UK property market over the last few years has been prevented by around one ...
Continue reading Auctions Take Steam out of Over-heated Markets
April 1st, 2008
Brits thinking about buying property abroad are wondering why the Pound has fallen so far against the Euro. Currency specialists, Moneycorp, say many factors are involved but at least two of them involve house prices in the UK and US. Northern Rock came to grief in September when it could ...
Continue reading What's Wrong With Sterling?
August 20th, 2008
Can Spain weather the downturn? The Spanish property market has had its fair share of headlines recently. If you were to believe them then the image that comes across is of a country hit by a never ending stream of bad news. Corruption scandals, illegal building, demolition threats, land grabs, over ...
Continue reading The 'real' Spain is poised to weather the property downturn
September 2nd, 2008
The August Spanish property news has been almost uniformly bad - as bad as the property news in the UK. Most commentators agree that the pain will continue well into 2009, so we should expect bad news to be the norm for a while yet. If you've been keeping an ...
Continue reading Treading Carefully with Off-plan Property in Spain
September 16th, 2008
While I was summarising the new house price data from the Ministry of Housing, I noticed a fairly strong correlation between the top-selling towns in Spain and those recognised as being the most transparent in their dealings with the public. Coincidence? Of course there isn't a 100% tally between the ...
Continue reading Spanish Property News Review
October 30th, 2008
Buy a townhouse on the Costa del Sol and get a one-bedroom condo on a golf course for free. Tempted? What about a 40% discount on a seaside flat? Then there are the internet auctions run by CB Richard Ellis, a property consultancy, promising properties at “2005 prices”. These are ...
Continue reading Look for Value in Spain, not Bargains
February 18th, 2009
Property companies and mortgage borrowers are defaulting in rapidly rising numbers as the Spanish property slump digs in, leaving the banks that financed them holding the baby. Defaults and repossessions are turning Spanish banks into some of the country’s biggest estate agents. This is not the first time that Spain’s banks ...
Continue reading Spanish Banks Left Holding the Baby
March 17th, 2009
There's no way of selling your home in Spain without spending money. As a bare minimum, you'll pay fees to the notary and probably some capital gains tax. Whether you advertise the property yourself or use an estate agent, attracting buyers will probably be the most significant cost ...
Continue reading 64 Golden Rules to Sell your Spanish Property
April 10th, 2009
Several experienced agents in the Costa del Sol are starting new ventures in response to the recession, with fractional and distressed sales in particular providing opportunities. New sales company Property Revolution is being managed by Richard Diaz, sales and marketing director for The Fractional Ownership Consultancy, while David Honeyman, formerly ...
Continue reading Fractional & Repossessed Property Opportunities
