26 Mar 2012 5:07 PM:

A good time to buy? The clues are all around. How many Spanish property magazines do you see on the shelves at WH Smith? At one point there were about 6 - now they've either gone bust or Smith's won't stock them cos noone is buying them. Shelf space needed for all thing new and shiny not a market that has clearly collapsed. Noone can sell, noone wants to buy, noone buying ads in magazines magazines going bust.

Thread: Is it a good time to buy?

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30 Oct 2010 4:06 PM:

Sorry Moggy but I just can't take to Murcia - have been loads of times for work and just can't see its appeal. None of the fiery passion (and decent dance & music) of Andalucia, not blessed with anything like the rugged beauty of the Costa Brava or the wild Spain of the Costa de la Luz. It's not as boring and conservative as the Costa Blanca (North) I'll admit, but apart from the weather (and great tennis at La Manga, Steve) nothing would draw me back there.  As for the city, apart from the odd wedding cake of a cathedral it just doesnt compare remotely with the classics like Seville, Cordoba, Barcelona,  etc. People have been talking it up for years but I think like Almeria, sunny scrubland was very tempting to build on in boomtime and now chickens are coming home to roost in unfinished urbanisations. And has anyone spotted any signs of a second airport. When I first visited it was going to open in 2005. Hmmm.

Having said that, my nephew and his family absolutely love Murcia and return to Alcazares year after year. Thank the Lord we all like different things...and congratulations of five years in Spain.

Thread: Is it a good time to buy?

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30 Oct 2010 12:40 PM:

Now is definately not a good time to buy. All statistics point to a further fall in prices and the gut instinct of anyone in the traditional buying spots for Brits will know that a further and sustained Hard rain's gonna fall. Oversupply, shoddy builders, greedy developers, unscrupulous agents, dodgy banks, corrupt local politicians are all a heady mix which was an accident waiting to happen. Then along comes the credit crunch and the goose stopped laying the golden egg for anyone involved in Spanish property. I've been watching the situation for 10 years and from about 2006 and before we'd even hears of the concept of a credit crunch it was clear that thing were going seriously wrong in Spain  but everyone denied it/covered it up and hoped for the best. It will be along time before there's a recovery. No-one is buying, those that are selling are trying to get out and the market that sustained the boom in the popular costas and dreary Murcia and Almeria has gone. Brits can't take money out of the piggy bank (Equity rich UK home) and buy into the dream with ease.

To go back to the original question, don't bother sinking dosh into something you don't like and which will only go down in value as thing stand for forseeable future. Take advantage of the ludicrously cheap rents and live the high life renting all over this amazing country. Invest in yourself, not Spanish brieze blocks.

Thread: Is it a good time to buy?

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