27 Jun 2008 9:23 AM:
The property market would appear to be very slow at the moment - I already have a place nearer Garrucha since 2002 and although the development is finished we were promised a small commercial centre. This has only just been built but is not yet occupied (next to Marina golf). Also a pavement or prom. from the hotels to Garrucha was promised!
A 3 bed 2 bath repossesion on our complex is currently on the market for 120,000 euro thats probably about 60-80k under valued but shows how the market is and that the banks want there money back quickly.
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