The Market - Bottomed Or still more to come???

Hi Rixxy,

I remember the day interest rates hit 15%,my mortgage payment was about £100 short of my take home pay.

I hung in and sold the house 5 years later for a decent profit.

28th!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

My tan is not gonna be up to scratch by then!!!!!!!!!!!!!

Expecting a call today,as when they rang Tusday was really busy.

Waiting by the phone now!!

Regards

Georgia

Hi Gillespie,

Have you had contact from you know who????!!

Can the revolution wait a bit,i need a haircut!!!

Regards

georgia

I bought my first house in 1982 and sold it in 1985 for double the money.  Bought my second in 1985 and sold it in 1989 for more than double despite the fact that 3 months before a plane crashed in my back garden.  The house was in Kegworth and it was the M1 air-crah  -47 people killed.  I was the last house in the village and there were people crawling all over my garden looking for parts!

So in the long term we will all make money on our property.  In the short and medium term, enjoy what you have and where you have it,  ie the sunniest and healthiest place in Europe

Hi Gillespie,

Have sent you my number.

Nipping into the medico for haircut !may need anestetic and to be surgical removed.

regards

Georgia

Rixxy said ".....the big big difference is here the Spanish themsleves are stable - and are buying!" 

Hooray, some common sense and positivity at last, that's what I like to hear. But God forbid any of the Doom & Gloom merchants should actually consider selling to Spanish! They're so blinkered in their perception of the market, they don't even realise there is a Spanish market. I've always said that if you buy on an sprawling new urbanization in the middle of nowhere, where there's no existing infrastructure, and which is exclusively marketed to foreigners (i.e. non-Spanish) then you're asking for trouble and pretty much deserve what you get.

Phew, now I've got that off my chest......I know what's happening on the 28th  but I won't tell !!!!!!!

For the record, the people in whose country you live are called 'Spaniards' not 'Spanish'.

I think you'll find that Spanish is the language they speak. You can refer to them as the Spanish but not simply as Spanish which apart from being wrong sounds vaguely insulting.

Obviously, Telemachus bought on a sprawling new urbanization in the middle of nowhere, where there's no existing infrastructure, and which is exclusively marketed to foreigners, and is feeling vaguely foolish, hence the need to pedantically point out my minor grammatical error, which I hardly think is likely to have caused anybody offence. I could highlight your own errors in previous posts, but I don't think anybody is interested. We're supposed to be discussing the topic in the thread header, not individual member's styles of writing or expertise with language.

Regards,

The British.

OK Telemachus,

Ten out of ten for the english lesson.

I have not been on this web site for long but I think Roberto probably made a grammatical error which I hope he is not going to feel obliged to apologise for.

The man gives good advise and is a reasonable person, I am sure he did not mean to insult anyone.

By the way 'alot' is two words, and just in case that was a one off grammatical error 'atleast' is two words as well. 16th May 11.17pm go look.

Before you start nit picking make sure you rite proper yourslf.

Seb

Hi all,

Just for arguments sake,i asked my neighbour what he was?

He replied "i am Spanish".

The real question is "how does this effect the market"!!!!

Do we have to get paranoid and start using spell checkers or can we just speak as we find and all get along.

The pearls of wisdom that people offer are far more important that if they are spelt correctly.

As justin says "everyone be nice" or it may result in people being afraid to share their knowledge.

Regards

Georgia

Fair play.

I was being a pedantic pain in the a**se in that last email. I'm getting old and turning into a grumpy old git. So I apologise. Plus it was obviously a case of 'the pit calling the kottle black'. My spelling isn't what it should be.

No offence taken - I've dealt with far worse in my time, which is probably why I'm also a grumpy (and usually very cynical) git myself. Thanks to everyone who took Justin's request to "be nice" to the extreme by posting nice things about me, but now let's just get back to the topic guys!

I have been getting cold feet about our prospective purchase in Duquesa after reading all the comments about the market bottoming and there being more supply than demand. 

I am in a bit more of a cheery mood after reading Roberto's post along with others and after giving it some thought have to agree that if you are in this for the long term i.e. 5 years plus and not to make a quick buck then you should be OK.

This is our 1st purchase overseas but applying the logic we have used in the UK I think we will be allright.  We have bought and sold 4 houses in the UK each time offering the asking price if the vendor agreed to take the property off the market.  A couple of times we have been advised by the agent that the vendor would accept an offer below the asking price, but our philosophy has been that if it is something that we want then we don't mind paying over the odds because in a few years time we will have what we want and the value will have increased sufficiently to make up for the extra outlay in the beginning.

Hopefully, if everything goes to plan, come June 2008 we will own beachfront on Marina Del Castillo in Duquesa (exactly what we want), and it should increase in value over the next few years and hopefully be easy to sell if and when we want to.

Kelju

Well,  just back from a two week holiday / home spotting trip to Estepona (we stayed at the glorious Kempinski Hotel - which I would recommend to anyone!!!), but, as the originator of this thread - still confused as to where the market currently resides!!!

Saw some very interesting re-sales at Alcazaba Beach and Los Granados Playa (two of our favs)  - I say interesting as even though they were above our budget, we were told that all of the properties we saw would entertain offers, which meant in reality coming down in price by up to 150K Euros!!!!!!

Be great to hear anyones thoughts (especially on these two developments!) and to update all our thoughts on the state of the market, offers, etc............e.g. anyone offered or bought in the area recently????? Would be great to hear form you!!!

Doc

Ps. Been off-line for a couple of months as we are building a home here in blighty - apologies for not getting back to some private messages that I think I received!!! Now back and still looking with a vengance!

Andalucia extends eastwards to Almeria!!

Why not look at the area between Aguilas and Mojacar....Spanish Prime Minister has just bought at Vera Playa

Access has just improved with the new motorway from Cartagena to Vera making Mercia Airport 45 mins

Also the new AVE [ Spanish High Speed Train] route between Mercia and Almeria is about to be approved and the station will be at Vera- Madrid will be 2 1/2 hours away so area will  get even more popular with the Spanish which will be good for property values

Quieter than Costa Sol -1 bed apart from 116.287 €  2 beds from 127.000 € and you can get a very nice 2 bed villa on 400m2 plot 25 mins inland for circa 178.000 €

Just about everything is cheaper at present and you can wander from A to B without having to 'join a semi motorway' !

Costa del Sol has a lot to offer,,,,,,being going there for 35 years but there are alternatives with a touch of real Spain without being isolated  

Thanks Rowlandsbb but we have been looking at that one niche area now for two years ad know it pretty well!!! Couldn't face the prospect of a new search area - I'd probably be receiving my pension before we bought!!!!

Many thanks anyway for the tip! ;-)