House Prices

[dleafy]

Hi all,
we're coming out in May, staying in a rented 3 bed town-house for 5 days, just to have a look around the place with a view to buying a holiday home there.
I've been checking property prices for a few months now and just recently they seem to have shot up.
Does anyone have any explanation for this?
I know its probably just supply and demand, but there seems to be plenty for sale, so why the price hike?
Maybe the up and coming referendum has something to do with it. Maybe it's seasonal?
Anyone have any ideas?
Cheers

Davy !!!

[mike and judith]

It's a bit of seasonal, a bit of optimism, & of course, if you're looking in sterling, the pound has gone down.
When looking at the prices of new builds, they do seem unrealistically high, but they are selling.  The number of second hand properties is huge, & there is more room for negotiation, & bargains to be had.

[Chris C]

If you are viewing properties in £ Sterling online then the huge apparent hike in prices is due to the weak £ against the Euro. When I bought my place in GA in Nov I got near on 1.4 euros to the £. Now it is more like 1.25. On a 80'000 euro property this can make a substantial difference. There are still some good properties on the market however and as previously stated always room for manoeuvre in prices. Get yourself down to GA Centre and speak to James at OP Group and Phillipe / Eduardo at GA Homefinders, both highly recommended.

HTH

[dleafy]

Thanks.
Yes the pound rate is poor at the moment. Hopefully things improve by the time we come to actually buy a property.
Thanks
Dave


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[dleafy]

Thanks.
Yes the pound rate is poor at the moment. Hopefully things improve by the time we come to actually buy a property.
Thanks
Dave


Sent from my iPhone using Tapatalk

[sunseeker]

I've noticed the same. I've also noticed that there seems no logic to some prices when similar places in the same urbanisation can vary wildly. Not sure if some of it is people being speculative. I think prices are obviously still very cheap compared to UK but as I only want a second home, I'm now considering renting instead. I'd rather invest in the UK where I know the market and use the rental to rent in Spain.

[Corporal Jones]

dleafy the exchange rate at the moment is pretty good its not as high as 1,48 but also not as low as 1,03 which is where it was only a couple of years back. After buying several properties in spain over many years, my best advice is buy the best you can afford and enjoy it

[dleafy]

We really like the look of the modern new builds out there.
They don't have a huge amount of space, but we wouldn't need that much.
Can't wait till we get out there in May.

Cheers

Davy !!!

[Tony Gillam]

I don't know what your budget is but I shall be out during part of May and have my property on Novamar 3 up for sale.  I could show you round it. I've put together a short promotional DVD. If you are interested send me a your address by PM.