Timescale to sell a Property?

Do you have a query on how to get things done in Andalucia, where to find things, who to call? Find out by posting and hear about others experiences.
katy
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Timescale to sell a Property?

Postby katy » Thu Aug 14, 2008 2:02 pm

Are there any official figures stating how long it takes to sell a property in Andalucia? Have read figures varying from 2 or 3 years, even 4 years for the newer blocks. In Florida official time taken to shift a property is 117 days and they are supposed to be in crisis, don't know what word would describe the Spanish market!

Beachcomber
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Postby Beachcomber » Thu Aug 14, 2008 2:14 pm

Total and absolute desperation? Oh, that's four words! :(

Jool
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Postby Jool » Thu Aug 14, 2008 3:06 pm

Statistics can be manipulated to suit anything, it seems to all depend on the pricing and level of demand for that particular kind of property in that area........

katy
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Postby katy » Thu Aug 14, 2008 3:48 pm

USA figures for sales etc cannot be really manipulated, they are compiled from official sources. If the Spanish were manipulating theirs surely they could get the years down a bit :wink: :lol: (or does it really take 5 years!)

Saw a description of Spain's property market in New York Times which said it is in "Acute distress"

Bongtrees
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Postby Bongtrees » Thu Aug 14, 2008 4:53 pm

My wife has friends who work in real estate agencies in the US, one in New York and one in Des Moines, both say that although the market is considered bad there, properties are still selling, however they do market properties in a completely different way to here i.e. more professionally.

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hillybilly
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Postby hillybilly » Thu Aug 14, 2008 6:11 pm

Found this, but it's for Spain as a whole and is from last year.
http://www.consumer.es/web/es/vivienda/ ... 171144.php
I'll see if I can find anything more specific.

julian
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us

Postby julian » Thu Aug 14, 2008 6:28 pm

"USA figures for sales etc cannot be really manipulated, they are compiled from official sources".... a bit like the Whitehouse telling us that Irak had nuclear weapons I guess, you can always trust information from official US sources. :?

Scot
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Postby Scot » Thu Aug 14, 2008 7:29 pm

I worked in an estate agents for the first 2 years that we lived here - until mid 2006. Many of the properties that we had listed are still for sale. My friend has a 3 bed pueblo house in Rio Gordo (Axarquia) that has been for sale for approx 4 years. I would say the average is probably 2 to 3 years. I did feel that the owners were asking too much for their properties and although the Brits were happy to negotiate, the Spanish put the price UP when a client showed interest!! A local developer in Torre del Mar is offering 2 for the price of 1 with 2 bed apartments starting from 165,000 euros - bit like shopping at Carrefour!

julian
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price

Postby julian » Thu Aug 14, 2008 7:35 pm

two 2-bed apartments for 165.000? I know where I´m going first thing monday morning!!

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hillybilly
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Postby hillybilly » Thu Aug 14, 2008 8:07 pm


julian
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selling

Postby julian » Thu Aug 14, 2008 8:26 pm

I was at a dinner the other night and one couple mentioned that they were thinking of selling their appartment, when I bumped into them three nights later they told me they had found a buyer the very same evening of the dinner, and had now received the deposit !

Paula
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Postby Paula » Thu Aug 14, 2008 8:37 pm

Heard a similar thing today Julian, a friend has sold an apartment to Spanish Buyers, but did knock 25k off the price, which is quite a lot as it wasn't a top end apartment.

Scot
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Postby Scot » Thu Aug 14, 2008 10:15 pm

Julian - by the Eroski shopping centre exit Velez Malaga - big billboard up 2 for the price of 1. Same billboard was up close to my home and I stopped the car to read it as couldn't believe my eyes!! Prices starting from 165,000 euros.

julian
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price

Postby julian » Thu Aug 14, 2008 10:23 pm

maybe it´s 2 bedrooms for the price of 1 bedroom!

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peteroldracer
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Postby peteroldracer » Thu Aug 14, 2008 10:42 pm

Sort of BOGOFF on Bedrooms!
I used to cough to disguise a [email protected] I [email protected] to disguise a cough.

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Mowser
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Re: price

Postby Mowser » Sat Aug 16, 2008 7:01 pm

julian wrote:maybe it´s 2 bedrooms for the price of 1 bedroom!
You are correct Julian. It is 2 bedrooms for the price of a 1 bedroom. If it's too good to be true then it isn't true.

ps... my house now on the market for about 2 years. It's not that buyers don't want it - we haven't even had a viewer.
Dave

Scot
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Postby Scot » Sat Aug 16, 2008 8:10 pm

Mowser - have you seen the billboard? Its called Puerta del Mar I think by Eroski. I'm going to ask now at the site when I get a min cos it's annoying me!

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Mowser
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Postby Mowser » Sat Aug 16, 2008 9:11 pm

Scot wrote:Mowser - have you seen the billboard? Its called Puerta del Mar I think by Eroski. I'm going to ask now at the site when I get a min cos it's annoying me!
I've been and asked. Save your petrol. It's 2 bedrooms for the price of a one bedroom. It's an a­rse no?
Dave

julian
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price

Postby julian » Sat Aug 16, 2008 9:29 pm

well, I guess 2 , 2 beds for 165.000 is pushing our luck just a little !

Scot
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Postby Scot » Sat Aug 16, 2008 10:19 pm

Ooooooooh and to think I used to sell property :oops:


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