What a slow start to the year. Lots of enquires from clients with no money. The few that do have a deposit it is difficult for them to get a mortgage. The Spanish banks have suddenly become very tight with mortgages. I have 7 clients on the go, all of whom have picked the properties that they wish to buy and now they are at the mercy of the banks who are asking for more paperwork than ever before.
So many estate agents in Torrevieja are closing. Im quite worried for what the future holds.
Soon there will be a mass exodus from torre as the migrant building workers will have to move on as so many construction companies cut back on labour costs.
So what are we able to do, to withstand the ebbing tide, advertise more? Start new agencies? Even the big boys Viva etc are throwing the towel in. So the future who knows. Lets wait to see what this March Spanish elections bring. We need a change of government in Spain. A fresh new start. Something to invest in. This government has had its day and have had all their profits, backhanders.
Any ideas anyone of how to stay ahead of the game.
