Sunday, 29 November 2009

Budget end of the market with Deeds

Whilst many people are concentrating on the luxury end of the market with many properties over €1,000,000 still moving, we are taking enquiries for properties at the budget end of the market.

We are seeing people who previously would only have rented a home now finding many properties are becoming more affordable. We have a great 2 bedroom apartment just off the Universal area near Agapinoros for only €98,000 with the full Title Deeds. This may have seemed absurd 2 years ago in a different market place, but we have to respond to the prevailing conditions.

Many of the agents I speak to say these are the prices that the properties were being offered for 12-15 years ago!! So times are changing.

More recently we are also seeing some recently purchased properties (within the last 3 years) being offered at prices well below that paid by the buyer.

Keep your eyes peeled for my market predictions next week.

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