Hola - thanks for that! Ive had loads of emails and phone calls of support about it, quite embarassing really! Cos Im a real shy retiring wallflower as anyone who knows me knows..............
There was some bidding going on but to be honest at the auctions I run here not a lot happens in the room - sales before and then after! Can be a bit like bingo at times, I look at them, their heads go down!!! I held an aution in Dublin last May and boy what a difference! Mad bidding from all over the room, so here its not the same and also to take into account is I am only touching a fraction of the expat market able to get to the auction on that day. I get better response from the online biddong, telephone and proxies. Also I take the auctions to the UK and Ireland and again they are much better.
CGalera was a ground floor 2 bedder with garden, sea and golf views fase 5. Went for 190k. Its a beautiful complex and the new owerns are really happy. The last owners bless them actually had to send money over to complete the deal - the notario was rather bemused at that and accused all of us of black money under the table! The Spanish cannot comprehend having to sell below market value and therefore keep their properties on for years and years!
It is very unfortunate many people have got caught up in this, but I saw this one coming 5 years ago - basically too much too fast. And when you take into consideration that in 2000 when I was working at one of the larger boys, statistics were showing 67% of buyers in an off-plan development were buying for speculation purposes and not to live here, it was not rocket science to see what was going to happen.
But my voice was very small and I never got involved in off-plan, in fact I had (still got) a management and rental agency, to deal with the end product. I realized that was going to be harder when a high percentage of my rentors were people who had bought their own! Diluting the rental market, an income relied upon by so many agents to close a sale was going to have a knock on effect.
Having been in the property game for over 22 years (UK and now here) I thought it would be pertinent to offer auctions, a place where the buyer and seller is in charge, where they decide what is the market price. Combined with low selling fees it seems to be doing ok and helping people along the waym, but it still really angers me when I have to listen to owners who quite frankly have been duped with false information and now are in such dire straights its making them ill, they are losing family and their quality of life has suffered greatly. I do have people bawling their eyes uot in the office and it pains me to not be able to help them!
Anyway, Spain is a fantastic place to live, I have been here for over 12 years, my children grew up here and this is home for me. Never going anywhere else, except for when Georgia takes me to the bahamas as he has promised on numerous occaisions now 
Bit overcast today but Im looking at the really inviting pool - I will take a pic and show you all and hopefully it will clear as its my secretary Marias birthday tomorrow and she doenst know it but I have booked a table at the local chiringuito, its on the beach, I got a cake and balloons, party hapts and poppers and 6 of us are going to suprise her - so gotta get on with work as its a half day today
Gotta life to go out and get!
No idea about the complex to be honest, one mound of dust looks the same to me now but if your in our area give us a buzz and we can have a coffee!
Take it easy folks - heeeeeeeeeeeeeeeeeers the sun..............................