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Spanish Property Market to turn in 2011?

Although it is unlikely local and overseas demand for residential property in Spain will significantly improve this year, the usually down-beat property blogger Mark Stucklin believes 2011 will the year the Spanish construction industry turns the corner. “Sticking my neck out a bit, I forecast that 2010 will mark the bottom of this cycle for Spain’s residential construction industry. New home construction will start growing again in 2011, albeit weakly and from an exceptionally low base” he says. “I also expect to start seeing a shortage of new homes that people want at the same time as a glut of new homes nobody wants, because many of the homes built during the boom were poorly conceived (that’s what happens during an insane boom). That means opportunities for smart developers who know what they are doing”. With opaque property pricing, a disfunctional mortgage market and media coverage of property developers leaving buyers high and dry still fresh in the mind, 2011...

Supply and Demand

Supply and demand . We hear those words every day, and yet we often ignore them when it comes to selling real estate. That is because many sellers still think of a real estate sale as an emotional rather than a business decision. The assumption is that a buyer will “fall in love” with their house and pay any price that is demanded. However the majority of today’s home buyers are more interested in taking advantage of the soft market and getting a great deal. The new status symbol is how LITTLE you paid for your home. Selling any home in today environment is as easy as pricing it correctly from the start .  The window of opportunity for success is so small and it is essential to get off and running in pace with the market. A house that lingers will lose value every day that it is listed for sale. Selling an overpriced home is like trying to sell an ice-cold beverage in a snowstorm. It might happen, but it probably won’t! Richard Weisser - Coweta Fayette Real Estate

Spain, the most popular destination for Brits to buy abroad

It is not all bad news for the Spanish Property Market, clearly reflected in a chart published by A Place in the Sun which shows that Spain is still the No 1 choice for 2011. Voted No1 by the same survey in 2010 Spain is still the most popular destination for British when buying abroad. After all, Spain still has all the ingredients to be a perfect choice: excellent access from the UK, the sun, sea, culture and infrastructure.  There really are some great deals to be had offering great value and we are also really excited about our tie-up with Mediterranean (the ever-so reluctant real estate arm of the CAM bank). The deep discounts on summer homes mean that there are a multitude of destinations and property for you to chose that Place in the Sun in 2011 and we will be updating those properties available which we genuinely feel offer significant value for money.

Apartment in Denia for Sale, 2 Bedrooms, 82 m2, 112.000 € : ultimatehomes-spain.com

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Apartment in Denia for Sale, 2 Bedrooms, 82 m2, 112.000 € : ultimatehomes-spain.com

Update on Spanish Property Prices - December 2010

The most relevant information regarding property prices in Spain now that we are in a new month / year. The average asking price for resale property in Spain is 2.262 Euros per square meter , which equates to a decrease of 0,6 % in relation to November. The annual variation (Dec. 2009 – Dec. 2010) registered a decline of 3,8% The index of the real estate portal fotocasa.es, with a base of 1.000 in January 2005, is now situated at 943 puntos Prepared by the IESE Business School , the fotocasa.es Real Estate Index aims to be the benchmark in the evolution of house prices in Spain . To perform the analysis the average house price in January 2005 has been used to provide an initial value of 1,000 points . The fotocasa.es Real Estate Index reflects the trend of the market   based on the asking price and not the final sales price . The indications are that in general, asking prices in Spain are below the asking prices of January 2005, and t...

I really don't want a For Sale sign on my property. It's none of my neighbours business if I'm selling my house.

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With all due respect, you are incorrect.  It is in your best interest to have as many people as possible know that your house is for sale.  No one can buy it, if they don't know it's available.  With God-knows how many homes currently on the market, we need to take advantage of any form of advertising we can.   First, let's deal with the neighbour issue.   Your neighbour may be just the person to help sell your house.  Think about it:  Since they already like the neighborhood, they are more likely to suggest to friends or acquaintances there's a house for sale in their neighborhood.  You want, and need, all the "advertising" you can get.  Ir your neighbours can see your house for sale, they may know someone looking to buy, and just perhaps, they might like your house.  Most people would like to help choose their new neighbors!  Many potential buyers begin their search by driving around neighborhoods they ...

Villa in Denia For Sale, 4 Bedrooms, 236 m2, 675.000 € : ultimatehomes-spain.com

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Finca Style Villa in Denia For Sale, 4 Bedrooms, 236 m2, 675.000 € : ultimatehomes-spain.com   Exterior View and 10 x 5 Pool Lush Gardens Kitchen Dining Area Lounge Finca Style Villa in Denia For Sale, 4 Bedrooms, 236 m2, 675.000 € : ultimatehomes-spain.com