11 September 2011
Posted in Homes and Away

I have been asked by a good number of property owners in both Golf del Sur and in Amarilla Golf as to why there is no interest in their property. Well first and foremost there exists a stand-off between sellers and buyers, with the former reluctant to cut prices and the latter unwilling to pay over the odds.

Property sellers must either have an extremely sought after Costa San Miguel property to sell in an in-demand area, or they must be willing to lower their expectations if they want to get a sold sign up outside their property.

With buyers limited in the current climate it is natural that properties that don't tick all the right boxes are sitting unsold unless sellers are willing to cut the price. There is also the added complication that low interest rates are keeping repossessions and enforced sellers to a minimum.

The other question often asked is how long can this continue? Many experts forecast that it should have ended by now, but still the turning point has not arrived. When the turning point does come things could go either way – easing of the mortgage market could push prices up, but conversely interest rates rising or an upturn in unemployment could send prices down even further.

Mortgage Update for Properties in Golf del Sur & Amarilla Golf

It has just been announced in the UK over the last couple of days that there is a small bank that is offering 100% mortgages. However there is a proviso of having to have a secure guarantor like a parent or guardian. I mention this purely to show that there is movement in the UK mortgage market. With this little ray of sunshine and also last weeks news that banks here are actively touting for business, we are hopeful of a return to some sort of normality in the near future.

Golf del Sur Property Bargain

With the above mentioned news in mind about ticking all the right boxes, this week`s property bargain is a large one bedroom garden apartment in good condition on the Parque Albatros complex, ever popular for Golf del Sur Rental Accommodation - and at the price of £79,000 this property should be seen to be appreciated.

How to Contact us at Homes and Away

If you would like to view this Golf del Sur property or any of our other Golf del Sur properties or Amarilla Golf properties that we have for sale at Homes and Away please do not hesitate to drop into our office opposite Banca March in Centro Commercial San Blas, Golf del Sur, alternatively you can contact us by phone on 922 73 70 44