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Many prospective buyers of property in Spain think they can sit back and wait for prices to drop further still, fuelled by various media reports of a market in continuing crisis and property prices in freefall.
These people are about to get a shock, although whether they choose to believe me is another matter.
Here at YOUR KEY TO SPAIN, we work with a huge number of Spanish property agents. Due to our high internet rankings for terms such as Spanish Property Bargains and Distressed Properties in Spain, we are sent (literally) hundreds of supposed bargains and discounted properties in Spain each week from our network of agents throughout Spain. In fact, a large part of my job has recently been spent vetting these properties to ensure that we continue to showcase only the genuine bargains, rather than the properties that have simply been discounted to a reasonable level from an original price that was simply over-inflated. Continue reading »
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So you´ve seen that fabulous Spanish villa in the hills. You´ve been told that it was previously priced at €500,000 and you´re aware that it was ´recently´ valued at €450,000
It´s now on the market at €295,000 and the owners are desperate to sell.
AN ABSOLUTE STEAL FOR THE PRICE!
Too good to be true? Are we really about to buy a property in Spain for €295,000 that is actually worth €450,000? Possibly…..but highly unlikely.
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The subject of pricing in Spain is very topical at the moment. I was talking to a few people yesterday who were all agreeing that it seems that most businesses here on the Costa del Sol, particularly restaurants and others in the food and drink industry seem intent on raising prices.
Having just returned from the UK, where it seems that every business is constantly having to think of ways to promote their goods and services by embarking on radical promotions and discounting, I am utterly amazed that here in Spain, the opposite seems to be true.
I´ve been told that this is a Spanish thing – i.e. their way of protecting their margins is to increase prices in the hope of attracting more revenue rather than discounting in the hope of attracting more customers.
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