In march, we celebrate our first anniversary since the reopening of the Elviria Hills Sales Office.
Our purpose for 2010 was to enhance our presence in the real estate market, especially in the largest real estate internet portals.
Since September we have seen timid but clear signs that the housing market on the Costa del Sol is recovering and we have noticed some interest in the application of “good opportunities”. What to consider an opportunity? Many investors have the idea that all of the Costa del Sol is “on sale” and are looking for properties with up to 40% reduction in the price. They have read this in foreign press reports and obviously there are bargain properties but one cannot generalize this.
The price is a key component in purchasing a property, but not the only one. There are other aspects to take into account, in particular the location, quality construction and maintenance services of the development. Within the same development there can be significant price differences. This is not only because of the type of property, the view, orientation, positioning and state of preservation, but differences are strictly related to the seller. For example, some owners may be a bit more flexible when you close the final price thanks to an exchange rate difference that favours them. Or it can be because they bought when prices were low compared with those who bought just three years ago when prices were very high. And finally, another important factor to consider is the low current interest rates, which encourage investment.
If the property adds up to the above mentioned factors, you like the property and the conditions are in your favour, that is when one should not hesitate and act immediately as you will be sure you will enjoy your property and be happy in it.