Repossessions

Friday 19th August 2011

Spanish Property Prices Now at Realistic levels

In contrast to the UK, where vendors are still in a state of denial, owners in Spain have finally began dropping their asking prices, according to new data from Idealista.com.

In total, 31% of vendors have dropped their prices with a disproportionate number coming from the cheaper end of the market.

According to Idealista, 134,107 sellers lowered their prices which is 69% more than last year and the sharpest change ever recorded by the portal.

The regions with the biggest number of falls were in Madrid (10.2pc), Zaragoza (9.7pc) and Barcelona (8.8pc).

Girasol has found that the most activity is happening in the Alicante and Murcia Regions.

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Friday 19th August 2011

New Site to launch for Spanish Repossessions

By September Girasol Homes will have a whole host of Specialist sites that will form part of the Girasol Homes family. One of these is the Specialist Spanish Repossessions website spanish repossessions.

This site will focus on how to buy a Spanish Repossession Property and list some of the benefits of doing so. This could include a Low Deposit Property with a high percentage mortgage which would save thousands of Euros on a large deposit plus mortgage type property. More will follow on this site.

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