| Cheap holiday villas in Spain and other countries are | | | | 3) In a falling market with a lack of confidence the |
| always an attractive option to buy. Endless sun and | | | | story is different. Sellers place their properties at a |
| blue skies are always going to attract buyers if the | | | | price to sell undercutting the competition and then |
| price is right. However how do you decide when the | | | | accept offers more often than not on those |
| time is right? If you have a solid criteria then it really | | | | properties. On estates where the properties are all |
| doesn't matter what the price is as long as the price | | | | the same or similar then it is the most desperate |
| is what you are comfortable with. However, now is a | | | | seller that sets the base price. This situation is |
| great time to find that comfortable price on holiday | | | | happening on the coasts and it is there where cheap |
| villas in Spain and elsewhere because Spanish villa | | | | Spanish villas are most available. However it is not |
| sales are starting to happen again. | | | | there where I would recommend you go for the |
| Let's look at a few things to bear in mind. | | | | best eventual capital return. Go to the cities and |
| 1) If you are buying a cheap Spanish villa for | | | | around them as they always have more demand |
| investment then a falling market is the best time to | | | | than areas for second homes. |
| buy, just before the market turns of course. We are | | | | 4) When prices and interest rates are low as they |
| at that point although the turn will not be sharp. You | | | | are currently then the best deals are available. |
| have got to decide when the market is about to turn | | | | Interest rates are expected to stay low for a time |
| and use that to your advantage. Remember that the | | | | and allied to the low prices is attracting buyers back |
| biggest real estate fortunes were made in a | | | | into the market. |
| depressed market. The Rockerfeller's of this world | | | | Now where I am in Spain, I believe that the best |
| made their biggest fortunes during the Great | | | | deals are not necessarily through the banks because |
| Depression. I am not saying that buying cheap holiday | | | | those banks have an ecosystem of investors around |
| villas in Spain will make you a zillionaire but eventually | | | | them meaning that the best deals here go to |
| you might make a decent capital gain. | | | | employees and investors who have the Spanish |
| 2) It is nigh on impossible to buy at a good price in a | | | | Enchufe (An "in" with the bank). The best deals come |
| rising market where confidence is high because | | | | from motivated sellers in any market but in an |
| offers you make on highly priced properties will not | | | | international property market there are even better |
| be accepted. Some owners of cheap holiday villas in | | | | deals available if sellers can play the currency |
| Spain have still not realized the market has changed | | | | markets. Currently British sellers returning to the UK |
| but most are now waking up and smelling the coffee | | | | or selling their Spanish holiday homes are working |
| and are prepared to listen to offers. Cheap holiday | | | | with an unfair advantage compared with Eurozone |
| villas in Spain are available of course but be careful on | | | | sellers so it would be remiss of you not to take |
| looking as many are overpriced by sellers who cannot | | | | advantage of the fact and pick yourself up a bargain. |
| lower their prices as their mortgages are too high. | | | | So to answer the question in the title, maybe! |