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Property in Spain 'sells in a day'

Property in Spain 'sells in a day'

A Spanish agent has claimed that property in Spain will 'sell in a day' – as long as the price is right.

José Luis Jimeno, Managing Director of Noteges, believes that sellers "have nothing but their own unrealistic expectations to blame" if their property fails to sell. After selling over 6,000 homes in Spain in 2011, Jimeno observes that properties tend to sell at 40 per cent below the average asking price in each region.

Other agents have also backed up Jimeno's assertion, with property expert Barbara Wood believing that agents are slowly starting to come round to the idea that if they want to sell, they must be realistic with their pricing.

"I am confident that this situation has finally changed, particularly since the end of summer 2011; asking prices are being reduced in greater numbers and by larger amounts and the trend seems to be accelerating."

If you are interested in property in Spain then why not visit A Place in the Sun Live which takes place between the 30th March -1st April 2012 at London's Earls Court. Bringing together hundreds of developers from all over the country, property experts and financial advisors all under one roof, you will be able to get all the advice and inspiration you need to make your dream of owning an overseas property a reality.

Tickets are available now priced at two for £15 and come with a free six month subscription to A Place in the Sun magazine.


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