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For those amongst you who thought that estate agents in Spain are sitting in the sun (or most probably the rain!) with nothing to do because of the depressing Spanish property market and its lack of buyers……….think again!
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Supposedly everyone that is selling their Spanish property is absolutely desperate to do so. They will all take offers……….silly offers of course, and they will open the doors to their properties in Spain day and night just to try and get rid of the things…….well, not exactly – there are still some vendors who actually opt to rent their Spanish property whilst still trying to market it for sale.
This is where things can get messy. Some owners who are trying to sell property in Spain, instead of leaving the property empty so that estate agents can get easy key access whenever they need to show it to a prospective buyer, actually prefer to rent the property to holidaymakers to benefit from the opportunities for the additional revenue.
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These are tough times in the Spanish property market, and with estate agents closing down throughout Spain on a daily basis, you would have thought that those remaining would be trying to find smarter ways of working and exploring new opportunities to sell properties in Spain.
There is now a buyers´ market for Spanish property, and most prospective purchasers want to find a genuine bargain in Spain. To do so, they are far more likely to shop around to find their ideal Spanish property bargain, and to use more than one agent.
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Here´s the scenario.
You have a lovely home in Britain (or wherever) and you have a holiday home in Spain which you tend to use a few times a year. But now we have a recession on our hands, you are losing interest in the Spanish property and really could actually do without it.
So, you put the Spanish property on the market at what you consider to be an attractive price to sell, but despite plenty of interest and viewings, it´s still unsold. The recession seems to be biting even harder, and you can barely afford to keep your own home, never mind the second home in Spain that you really should never have even bothered about!
Are you tearing your hair out yet?
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Most of us will remember 2008 as the year when the world´s financial markets collapsed, and we lurched unavoidably towards recession.
But what of the Spanish property market? How has the market been affected by recent tumultuous times, and what are its prospects for the foreseeable future?
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