3 months longer for developers to sell a new development

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
06 Nov 2006 00:00 by EOS Team Star rating in In Spain of course!. 4017 posts Send private message

EOS Team´s avatar
I have translated the following article from idealista.com:

Buyers of new Spanish property now take an average of 3 months more time to decided on buying compared with last year, according to a study by CB Ellis.  "That joy that developers used to have when it came to selling their new development is no longer there.  If last year a development took between 4 and 6 months in getting it all sold, this year has taken between 7 and 9 months to sell it, particularly in coastal areas as second homes", explained Juan Antonio Leon Vice President of CB Ellis.  Currently there is a noticeable decrease in the profitability of property investment on the part of the developer, and the shift towards more profitable sectors such as commercial property, commercial centres, etc.

_______________________

Schools in Spain Guide | The Expat Files | Learn Spanish | Earn a living in Spain




Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

MRI international - 93 posts
kids football teams - 0 posts
Andalucian dream homes? have you used them? - 86 posts
Laguna Golf - 1 posts
Crimestoppers call on Costa del Sol residents to help find wanted criminals - 1 posts
Green Area - 6 posts
A dream home in Spain - 0 posts
completion - 3 posts
El Ttampolin - 0 posts
Property Services - 0 posts
Looking for work in spain - 0 posts
Caravaca de la Cruz - 1 posts
Final accounts - 4 posts
Tax Releif from Investment Deposit and Mortgage. - 2 posts
Foundation Problem - 4 posts
Buying Direct - 5 posts
Warning - Fraudster alert! - 12 posts
electical goods - 18 posts
shipping furniture from UK to Spain - 13 posts
Buying in El Galan - 0 posts
villa Sol - 11 posts
lomas de campomoar - 0 posts
Is a 5 year wait a record or the norm? - 8 posts
New Villa - El Galan - 2 posts
Break-ins common in new builds? - 182 posts

Number of posts in this thread: 1

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:  
Email:
   


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x