Are there great bargains to be had on the Costa del Sol??

[cyp12]

Ive been hearing a lot recently that theres great value to be had on the costa del sol. A hyperactive market and construction industry bumped up prices in the late 90s and greedy developers flooded the market with apts and investors who bought multiple units are unable to shift them and are now flogging them at very keen prices just to cover costs in some cases.
I heared a lot of south africans are falling into this category. I know rental on the costa is not at all good given the glut of property i would hovever be interested in picking up a nice holiday home for personal use. What are your views on this has anyone experienced this?

 

[Ravima]

if you want a good investment, with good capital appreciation, then you mist be prepared to spend good money at the outset.

 

[Duplex]

Ive been hearing a lot recently that theres great value to be had on the costa del sol. A hyperactive market and construction industry bumped up prices in the late 90s and greedy developers flooded the market with apts and investors who bought multiple units are unable to shift them and are now flogging them at very keen prices just to cover costs in some cases.
I heared a lot of south africans are falling into this category. I know rental on the costa is not at all good given the glut of property i would hovever be interested in picking up a nice holiday home for personal use. What are your views on this has anyone experienced this?

I’ve read that prices on the Costas have fallen by about 30%. Private sellers are probably more motivated than developers, with flippers looking to unload contracts before completion.
As interest rates in Spain are likely to rise this year, I would imagine that the buyers market would be even more favourable towards the end of the holiday season.

Not sure if rents are covering holding costs though, highly unlikely (my guess).

Check out Spanish Property Insight a good web site for impartial advice on the market.

[broken link removed]

 

[markowitzman]

good rental market for villas with private pools in my experience.
Relative to other areas of spain costas are very expensive........
If you are not interested in rentals I would go elsewhere for more value.