The growing void adding to the market woes.
Monday, May 2, 2011 @ 3:31 PM
The issues surrounding the property market in Spain are compounded by unrealistic expectations of both buyers and sellers. Buyers, quite rightly, are looking for bargains and therefore taking time to locate the perfect investment. However having found the right property they are looking to save even more money and making unrealistic offers. At this stage the deal is falling through.
From the sellers point of view they are , again quite rightly, holding out for the best price for their property. The problem is that many sellers unless they are desperate are not pricing their property at current market values. As a result we are left with a void between buyers and sellers that is getting very difficult to close.
Fairpriceproperties.com