Spanish Property Prices
July 3, 2008 | Newsletters
As you may know the housing market in Spain is facing a severe downturn. Some developers have suspended building and at least one has ceased trading. Despite this, prices remain high with the exception of property for resale as it is now possible for the agent to negotiate a good discount in cases where the owner is looking for a quick sale. This is most noticeable on the Costa Blanca where it has become a “buyers market” for the shrewd investor looking for a holiday home with excellent rental potential.
My associate in Torrevieja has produced a portfolio of property comprising one two and three bedroom villas and apartments situated both inland and on the coast between Guardamar and the Mar Menor. You will find the details here. I can recommend the following which I feel represent excellent value for money and are well worth viewing.
Ref EU 190 CB
A three bed apartment to be sold fully furnished. The apartment has sea views and is situated only 50 m from the beach with a good selection of shops and restaurants close by. This would suit a family looking for a holiday home or winter retreat with excellent rental potential.
Ref EU 101 CB
This three bed two bath quad house is situated close to the beach in Orihuela Costa and has a private garden and ample private solarium. You will have the added advantage of a communal pool. Again this would suit a family and represents a sound investment for rental.
Ref EU 169CB
This cosy apartment in the centre of Torrevieja would make the ideal “bachelor pad” for a weekend break the Apartment has one bedroom and one bathroom and is to be sold fully furnished. I understand the current owner is looking for a quick sale so if this is of interest don’t delay.
Ref EU 188
The two bedroom apartment situated only 500m from the beach is fully air conditioned and is to be sold fully furnished including T.V. It has the added benefit of reserved underground parking and is situated in Dehesa De Campoamor.
Ref EU176
A large country house set on a 10,000m plot located 3 kilometres from Dolores and 5 kilometres from San Fulgencia with regular buses to the coast. The property has five bedrooms (one en suite). There is an additional bathroom with bath and shower cubicle, a separate dining room and a large lounge with a feature fireplace. The property benefits from a large solarium and private pool and would make an ideal family home with potential for a B&B.
Further details are available on the website and current prices are available on request. If you find any of the properties of interest and are ready to buy why not take advantage of a subsidised viewing trip.
Regards
Eric Lay
Tel/Fax: 01954 205266
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