Friday, April 27, 2007

NO collapse in property market in Barcelona

This week we have received calls from concerned buyers after reading the panic articles in UK media reports. They were worried about the investments they had made, which according to some reports were about to plummet.
This may be the case in Costa del Sol where as we have been saying for the last few years building is out of control, but it is not the case in Barcelona.
Why? What is the difference?
The city of Barcelona is blocked in by mountains on one side and the sea on the other, it cannot grow any bigger and therefore the demand outwieighs supply.
This week we have sold three apartments, after they were on the market for less than two weeks, one indeed sold on the first visit.
How can this be?
Because although the market has admitidly finally slowed down after years of continual grow any property that is good value and well priced still sells quickly.
The properties we have are direct from the developer so you are not paying high estate agency commisions. We reform the building and apartments to a high standard and pass on these benefits to the buyer.
So remember atleast in Barcelona, there are still excellent purchases and investments to be made, as long as you have done your homework and buy from the right source.
For more details of latest properties & opportunities please contact us on info@casahomesearch.com