Funny you should say that. Someone we know put their house up for sale late last year and I thought at the time it was overpriced compared to other, larger houses in the same area, but they sold within 6 months and accepted an offer 10% below the asking price. The buyers were German, and I don't think they're renowned for paying daft prices.On our street, at the beginning of the year, 5 houses came up for sale. One was priced to sell. Two seemed to be priced correctly, and the other two seemed too high. For the last two I thought "Yeah, good luck guys. The for sale sign will be up for a few years."
All 5 of them have been sold.
What we found in the south, and as a few here have advised, the photos on the sites can give a very false impression. The block of flats or smelly factory next door that somehow didn't make the fotosI got hooked into looking at Idealista yesterday. Some real bargains and some really overpriced. I wonder why some haven't been snapped up. Amazing to see the amount of properties on sale. over 11,000 in Benalmadena alone
Yes - Asturias proudly boasts it's Celtic connections and has played host to a number of Celtic festivalsthat sounds sad. We once came back on the ferry with some bagpipe players from that region. They also had a choir with them. They were on their way to a festival in Wales. Lovely people. They really livened up the ship with their singing.
Why worry! When the euro finally goes tits up (as it will eventually, one way or the other) the pound will get even stronger. Just think how many pesetas you will get to the pound! (but only good news, of course, for those of us lucky enough to have a sterling income).I've been looking at property in Spain for months, but have been waiting for the interest rate hike forthcoming in the autumn. Predictions are that the £ will keep rising to beyond 1.50 euro to the £. When I've been looking I try to aim at non-UK owner properties, thus, to avoid the wouldbe UK seller trying to recover as much as possible from the poor euro rate.
Biggest concern for me (potential upcoming buyer) is the declining euro stability, which by all accounts really is in a shocking state. House of cards situation ...
I shouldn't get too smug about the rising pound against a falling Euro. With the EUWhy worry! When the euro finally goes tits up (as it will eventually, one way or the other) the pound will get even stronger. Just think how many pesetas you will get to the pound! (but only good news, of course, for those of us lucky enough to have a sterling income).
William while I agree to a large degree the low Euro has led UK exporters to improve the ratio of non-euro exports to euro exports making the UK that much more resilient than before.I shouldn't get too smug about the rising pound against a falling Euro. With the EU
and the Eurozone being the UK's biggest customer. Any significant rise in the
pound is bad news for British Exporters, as EU customers look elsewhere or trade
more heavily within the Eurozone.
Of course those high value German cars will become more cheaper to buy in the
UK but of course you will only be contributing to the Rising Imports and lower
Exports trend in the UK.
In short a rising £ means declining GDP for the UK which means falling Exports,
more jobs being lost or off-shored or near shored to Europe, as British labour is
deemed more expensive, etc, etc, etc.