20 Feb 2008 10:54 AM:

I agree that is rather dubious how those stats correspond to the actual selling price, as it is with the valuations and official statistics. But changes in asking price are more up to date indicator than other statitistics. Prices in the CDS have been declining since 2006 and what the drop in the asking price indicates is panic, meaning that the downturn has accelerated without an end in sight.

Thread: Downturn in price

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19 Feb 2008 12:52 PM:

There is one portal that keeps track on the asking price/label price. http://www.expocasa.com/preciometro/ It is in Spanish, but you only need to click where it says "click aqui", choose Andalucia - Malaga - County to see the developments in the asking price per county. In Estepona the asking prices have dropped 11,68% since 1.1.2008. Not as bad as Mijas, where the asking prices have dropped 18,55% since 1.1.2008. Obviously it does not mean that the properties are sold even at the current asking prices.

Thread: Downturn in price

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13 Dec 2007 11:00 PM:

Ofcourse they cannot, but often clueless brits bend under the pressure. As others have stated, get an independent lawyer and sue them for your deposit. You have a legal right to get your money back if they cannot complete the property (completion includes the first occupation licence). If your property is en Elviria and does not have the first occupation license, it is because it is illegal. Get a legal property somewhere else cheaper, if you insist on buying from a collapsing market. http://www.elpais.com/articulo/economia/inmobiliarias/preven/caida/precios/2008/perdida/empleos/elpepueco/20071213elpepieco_5/Tes

Thread: Blackmail or not

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