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Spanish property

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  • 31-05-2010 6:34pm
    #1
    waspie
    Registered Users Posts: 9 ✭


    any won got information on site with spainish property bargain sales also like to know from people annual cost of property \ maintenance costs etc. how has owning spainish or portugal property being for you. :rolleyes:


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    #2
    AARRRGH
    Closed Accounts Posts: 12,382 ✭✭✭✭AARRRGH


    Their bubble hasn't really burst yet, so probably not a good idea to buy there for a few years.

    For example, the average property price in Barcelona is about 500k, but the average wage is under 24k!


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    #3
    Victor
    Registered Users Posts: 78,387 ✭✭✭✭Victor


    Be very wary. Lots of scams and pitfall - official, semi-official and very unofficial.


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    #4
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    AARRRGH wrote: »
    Their bubble hasn't really burst yet, so probably not a good idea to buy there for a few years.

    yep your onto something there

    they had as large a building orgy as us

    but im after looking prices for 4 bed (circa ~225 sq meter) detached houses in canaries and they are double price of mee samesized newbuild home here :eek: and poorly furnished as well


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    #5
    OverseasCafe
    Closed Accounts Posts: 26 ✭OverseasCafe


    Some parts of Spain are doing ok price wise and others are faring absolutely awfully. The banks are trying to offload huge amounts of property along the Mediterranean coast because there is way too much of it, it was poorly planned, chunks of it are illegal, it was overpriced and nobody wants it now that the market has crashed. Areas around cities like Madrid, Barcelona and Valencia, where there is an indigenous demand, are not in anything like the same mess.

    If you want to keep an eye on what is going on in the Spanish market I would advise checking out the Spanish Property Insight site run by Mark Stucklin, there is a lot of independent advice there for someone who doesn't know much about the Spanish property market.

    Prices on the islands (Canaries and Balearics) are not at all indicative of prices on the mainland, they are essentially separate markets in their own right.


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