03 Apr 2011 2:43 PM:
Hi, thought it might interest people to know I have just sold my 2bed apartment in Luz phase 1 after about 3 years of trying a few different methods. I eventually decided I would just reduce price every few months until I got some interest and people started to want to view it. Bad news of course is that I only got €59,500 - but the relief I feel today having the transaction completed on Friday is great! And as you are fully aware, even I was dying to go back there, there will be plenty to rent. It seems unlikely prices will go back up for years yet so I thought it was pointless going on paying out. It's hard to accept you have lost a lot of money but I just now feel so free of it all.
Community thread: Empty apartment
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24 Apr 2008 3:11 PM:
Thanks for all your advice, Georgia, it's pretty much what I thought the situation was. I'll probably attempt to get shot of it, and if I haven't managed that by the time I retire in 8 years, then I might have to go and live in it! I like Almoradi myself, but would much prefer to end my days in Devon!
Mojo
Forum thread: selling spanish property
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23 Apr 2008 3:16 PM:
Thanks for that, I've done that for now and will hopefully hear from him. Wish I'd started this a while ago!
M
Forum thread: selling spanish property
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23 Apr 2008 1:42 PM:
Hi Folks,
I have a hardly used apartment in Almoradi, had it two years and now want shot as just not getting the use out of it i had imagined. It was supposed to be a short term 'try out' of Spain for me, but I already know it's not for me. Now I am of course coming to the realisation that I am going to lose a lot of money on this should I be able to sell it at all after a few enquiries with agents. I am just about to go out on Sunday and try and put it on the market, and have left it a bit late to make enquiries, I am just so depressed about it! But really I'm wondering if anyone out there has any recent information about trying to resell, and maybe the best way to go about it. Unfortunately I have no keyholder at the moment in Spain, so haven't really the option of putting it privately on a website as I have no one to show it for me should someone want to view - however, I will maybe try and sort this out while I'm over and see if I can find someone who actually is there all the time. I'm also wondering if anyone knows if it is better to use a big agent like MASA or someone, or whether I might have some luck with a local estage agent iin Almoradi? I'd love to hear from anyone with any recent knowledge of trying to resell, particularly in this part of the Costa Blanca. Also - what are the general views on whether the market will recover in time, or if now we have to face the realisation that there are far too many apartments and they are worth nothing unless right on the beach or some other great location? I know this is my view. it's ok if you are intending living there or at least a good part of the year, I don't suppose it matters too much. I've been told by an agent that the market is not expected now to even get to the bottom until end 2009!
I don't know whether to hang on in there paying out even more on keeping it going, or bale out and accept big loss!
Mojo, Belfast
Forum thread: selling spanish property
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04 Mar 2007 11:20 AM:
Hi All,
I'm just back yesterday from the apartments, and was hoping to add some info about the meeting, which had taken place just before I got there. I see however Art was obviously there or had got info about it, and I didn't glean any more really either. My letter was also in the post box there. I spoke briefly with Ard, the Dutch guy who had been appointed original vice-Pres or whatever last summer, and he seemed to think the meeting had been successful - a new Committee appointed (I think the Pres (or might be a joint Pres?) is resident there, and I THINK, but not sure , that he might be in 312 - Apologies to resident of 312 if this isn't correct!!!!!!! A few other people have become involved in keeping an eye on things, eg a lady is trying to look after the plants around the pool. I was told that there had been an agreement at the meeting to replace the main doors (all the entrances) - I think because they were too noisy for the people living near them presumably, and also some people thought that because they are a sort of open weave, this was allowing a lot of street dust etc to blow in. I think it was probably resolved to do this job. I assume a vote was taken by those who were there or whatever for this to be decided, and if you aren't there, then obviously you don't get a say. I noticed on the letter notifying me of the meeting (if I had actually got it in the UK this might have worked) that you can vote by proxy, sending a bit of the form back giving the name of someone to vote for you, so if you had views I suppose that might be worth doing in future. I also heard the same amount of 70 euros a quarter being the likely community charge on average. Apart from that, things are looking fine - jacuzzi seemed to be working once more (for now!) and everything seemed in order. Weather was lovely!
Moira
d
Community thread: Santa Ana Jumilia
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