Friday, 14 September 2007
No Grounds for Property Panic
The Association of Spanish Property Constructors & Developers (APCE) stated in a meeting with the Spanish Housing minister last week that they feel recent panic surrounding the Spanish property market is without foundation and that prices are simply moving towards "a soft landing." (ABC newspaper)
We have seen evidence of this on the Costa Calida in Murcia where developers are holding prices for longer periods of time that in the past, but are still releasing and selling property at a reasonable rate. Certain re-sale properties are taking longer to sell than in previous years and vendors must consider realistic pricing and genuine offers.
Labels: Costa Calida Property
