Comments on: Costa del Sol Property Market – Half way through 2009 http://blog.michael-moon.com/costa-del-sol-property-market-%e2%80%93-half-way-through-2009/ A blog from Michael Moon Sat, 29 Aug 2009 14:08:54 +0200 http://wordpress.org/?v=2.8 hourly 1 By: Steve Hall http://blog.michael-moon.com/costa-del-sol-property-market-%e2%80%93-half-way-through-2009/comment-page-1/#comment-26 Steve Hall Sat, 29 Aug 2009 14:08:54 +0000 http://blog.michael-moon.com/?p=27#comment-26 " There are however mortgages available for good quality buyers and with low interest rates and low prices there really has never been a better time to buy." The mantra of all agents everywhere. I'll be buying when today's discount prices drop another 20% at that stage I may consider purchase as an investment. At today's prices, I could only consider it as a place to live. I have friends trying to sell and even slashing their prices there is little interest whilst a friend who has completed this week paid 300k for a property that was up at 495K only 18 months ago. With 1 million plus empty properties in Spain I see no signs of the price crash stopping yet. Spain WILL bounce back and I am sure it will be stronger than ever. The banks will have learnt their lessons from 100%+ mortgages and we can all get on with our lives again. ” There are however mortgages available for good quality buyers and with low interest rates and low prices there really has never been a better time to buy.” The mantra of all agents everywhere. I’ll be buying when today’s discount prices drop another 20% at that stage I may consider purchase as an investment. At today’s prices, I could only consider it as a place to live.

I have friends trying to sell and even slashing their prices there is little interest whilst a friend who has completed this week paid 300k for a property that was up at 495K only 18 months ago.

With 1 million plus empty properties in Spain I see no signs of the price crash stopping yet.

Spain WILL bounce back and I am sure it will be stronger than ever. The banks will have learnt their lessons from 100%+ mortgages and we can all get on with our lives again.

]]> By: admin http://blog.michael-moon.com/costa-del-sol-property-market-%e2%80%93-half-way-through-2009/comment-page-1/#comment-16 admin Fri, 31 Jul 2009 09:38:11 +0000 http://blog.michael-moon.com/?p=27#comment-16 Many thanks for your comment. I had to get my friend to translate it for me but your comments are appreciated! Many thanks for your comment. I had to get my friend to translate it for me but your comments are appreciated!

]]> By: Amelie Inoil http://blog.michael-moon.com/costa-del-sol-property-market-%e2%80%93-half-way-through-2009/comment-page-1/#comment-15 Amelie Inoil Fri, 31 Jul 2009 09:27:09 +0000 http://blog.michael-moon.com/?p=27#comment-15 Wenn nur alle immer so vernünftige Ansichten hätten. Wenn nur alle immer so vernünftige Ansichten hätten.

]]> By: admin http://blog.michael-moon.com/costa-del-sol-property-market-%e2%80%93-half-way-through-2009/comment-page-1/#comment-11 admin Wed, 15 Jul 2009 08:45:38 +0000 http://blog.michael-moon.com/?p=27#comment-11 You are absolutley right, although I think that in difficult times there are always opportunities but it needs hard work and focus. Hibernation basically puts you behind the game when the market does improve. Truth is its hard to find the right balance and it has to be a combination of both skill and luck! You are absolutley right, although I think that in difficult times there are always opportunities but it needs hard work and focus. Hibernation basically puts you behind the game when the market does improve. Truth is its hard to find the right balance and it has to be a combination of both skill and luck!

]]> By: Rebecca http://blog.michael-moon.com/costa-del-sol-property-market-%e2%80%93-half-way-through-2009/comment-page-1/#comment-10 Rebecca Wed, 15 Jul 2009 08:31:36 +0000 http://blog.michael-moon.com/?p=27#comment-10 Also bigger businesses have enough capital to see them through such difficult times. I have seen a few companies go into what is basically hibernation at the moment. Also bigger businesses have enough capital to see them through such difficult times. I have seen a few companies go into what is basically hibernation at the moment.

]]> By: Wolfgang Brand http://blog.michael-moon.com/costa-del-sol-property-market-%e2%80%93-half-way-through-2009/comment-page-1/#comment-9 Wolfgang Brand Wed, 08 Jul 2009 14:30:08 +0000 http://blog.michael-moon.com/?p=27#comment-9 Michael I actually think the level of enquiries increases in professional agencies, simply because there is less competition. Look how many semi-professionals we have seen shutting shop in the last 6 months and on top some of the megalomanics like Viva and Adhs reduced their presence to something a bit more modest. In the first wave of the “real-estate-agents-natural-selection -process” (i love the philosophies of Darwin, Nietsche and Lange) the weakest, or underfinanced, unprofessional or simply useless agents disappeared silently. I think thats actually good news for the customer. Wolfgang Brand Michael

I actually think the level of enquiries increases in professional agencies, simply because there is less competition.

Look how many semi-professionals we have seen shutting shop in the last 6 months and on top some of the megalomanics like Viva and Adhs reduced their presence to something a bit more modest.

In the first wave of the “real-estate-agents-natural-selection -process” (i love the philosophies of Darwin, Nietsche and Lange) the weakest, or underfinanced, unprofessional or simply useless agents disappeared silently.

I think thats actually good news for the customer.

Wolfgang Brand

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