Quote:
Originally Posted by Homefinder 
The encouraging thing is that there seems to still be as much interest as ever. To me that would indicate that there are just as many potential buyers around as before but they are not ready to commit yet.
Homefinder |
Just wanted to add my thoughts from our experience in the Costa Calida. Following on from what Homefinder says in the quote above - we have found that interest has increased - we are getting more enquiries than this time last year - and at this point in the year they have usually decreased. However the majority admit they not going to do anything until later in the year - hoping for an exchange rate turn around.
In general our sellers who are really reducing prices are residents who need to get back to the UK or investors who purchased with short term interest only mortgages. With the exception of one large developer I haven't seen the others cutting prices wholesale - but they are looking at alternatives - for example - fixed sterling prices with a 1.50 exchange rate.
