The Good News

The smart developers will wise up to the fact that they may not make any money on their project this time, sell them at bargain basement prices and the young Spanish buyers will finally be able to afford a home. For the savvy British or Northern European buyer? Great news! Valencia property as well as property in other regions of Spain is now back down to earth. It is a buyer's market for sure. Sellers have reduced the previously unrealistic prices they were asking as well as accepting offers favorable to the buyers. The renovated home with the silly price tag has seen a dramatic drop in price. The speculative apartment near the beach will not see a 50% profit for the speculator and sadly for some sellers who are selling due to personal circumstance - a ridiculous offer may need to be accepted. Valencia property along the coast has dropped 15-20%. This figure may be somewhat misleading since luxury property does not seem to have dropped dramatically but certainly apartments and resale property in the 150,000 - 400,000€ range are seeing a readjustment.

Watch this space for up-to-the-minute news on the Valencia property market.

For more information, please visit at

http://www.valenciasunvillas.com