Nicholas Wallwork
Editor-in-Chief
Staff member
Premium Member
The Spanish Property Market General Index reached 1908 points in June, just 0.4% down on the May figures. It means the average year on year price fall is 4%.
Spain sees some stabilisation in real estate market, figures indicate
The Spanish Property Market General Index reached 1908 points in June, just 0.4% down on the May figures. It means the average year on year price fall is 4%.
wolfgangbrand
New Member
Hi
Those statistics are dangerous.
Why? Because the typical expat on the Coasts draws the wring conclusions for business. Lets face it the average foreigner who ventures or shall I say adventures as an estate agent on Costa is targeting the market: British Buyers.
That is a small niche market, even so it apperas huge but its not. It only apperas huge to certain estate agents because they do not get their feet into the national market. So they feel Bristisch buyesr is a top market and they relate those figueres to that market.
Wrong. The Expat to expat market as well as the expat to holiday maker market has totally different numbers nad is in its deepest slump ever.
Conclusion: Yes, there is an upturn in sight but if you are not involved in the national market with all its consequences (speaking the language would be good start) and you want to open a real estate company marketing to British holiday home buyers and expats, be advised not to base your decissions on numbers like that.
Regards
Wolfgang Brand
Those statistics are dangerous.
Why? Because the typical expat on the Coasts draws the wring conclusions for business. Lets face it the average foreigner who ventures or shall I say adventures as an estate agent on Costa is targeting the market: British Buyers.
That is a small niche market, even so it apperas huge but its not. It only apperas huge to certain estate agents because they do not get their feet into the national market. So they feel Bristisch buyesr is a top market and they relate those figueres to that market.
Wrong. The Expat to expat market as well as the expat to holiday maker market has totally different numbers nad is in its deepest slump ever.
Conclusion: Yes, there is an upturn in sight but if you are not involved in the national market with all its consequences (speaking the language would be good start) and you want to open a real estate company marketing to British holiday home buyers and expats, be advised not to base your decissions on numbers like that.
Regards
Wolfgang Brand
