Latest Spanish property price predictions

[waggy]

http://kyero.us8.list-manage.com/track/click?u=4ced9c1e7ebb84944d3c3e207&id=0a41fbd165&e=b2a9bd47e3

This glimmer of hope might interest not a few of those in the retirement wings.

[TamaraEnLaPlaya]

Nearly choked on my cornflakes this morning - saw an ad for an apartment in El Cotillo for 2,100,000 â,¬ - gulp!

[Joseph]

While looking at house prices there are certain factors effecting the future.
First of all be aware the Spanish banks are pushing really hard to turn repossessions into cash and are happy to get the money back they are owed,this will bring some prices down for a short period.The next factor  is the drop in the value of the Euro and this has a lifting effect on prices as does recent spending on areas like Caleta De Fuste. Estate agents are fast running out of houses to sell and are relying on the surge in new builds and people wanting to cash in on higher values.
The overall result will be a large jump in house prices mid year.People will get approached by estate agents to sell .pointing out higher values.There has never been a better time to buy from people from the UK .Fuerteventura had a record number of visitors in 2014 and this is expected to increase in 2015.The government are doing the right thing in investing in places like Caleta De Fuste and in particular Costa De Antigua.
The building of fishing platforms between the two places would be a wise investment and create a much needed attraction as would the development of the deserted water park.

[waggy]

Nearly choked on my cornflakes this morning - saw an ad for an apartment in El Cotillo for 2,100,000 â,¬ - gulp!

I'll take six! Now's the time to buy but I don't want to appear greedy.

[Archer]

Very funny, Joseph  . You were joking, of course?
Whilst the banks have literally 1000's of property still on their books, there will be no upward movement. I'll give it 3 - 5 years.
On the chipmonk mount there is two complete Urbanisations almost totally empty, plus that massive eyesore at the top. Make a start and demolish this.
At least the positives are that buyers from across Europe are returning, and the rental rules may soon be changed to help non-residential complex apartment and standalone villa owners.

[MinRich]

Holiday homes were always owned by the wealthy who could easily afford them . Holiday locations have done their upmost to appeal to the average person with timeshare and buy to rent .... This they thought would take off and it hasn't . Very few people actually own holiday homes and hence the massive amounts of houses on banks books and unfinished projects . They will never all be sold and over supply reduces prices..... So until the over supply has been sorted property prices will struggle to go up ....

[Ivemovedon]

Very funny, Joseph  . You were joking, of course?
Whilst the banks have literally 1000's of property still on their books, there will be no upward movement. I'll give it 3 - 5 years.
On the chipmonk mount there is two complete Urbanisations almost totally empty, plus that massive eyesore at the top. Make a start and demolish this.
At least the positives are that buyers from across Europe are returning, and the rental rules may soon be changed to help non-residential complex apartment and standalone villa owners.

Talking of all these derelict eyesores left to rot for years on end, they should make it a stipulation that if the building was not completed within say 5 years, the local government could seize and demolish it. That would soon stop all the underfunded building speculation that blights the island.