Asking prices drop 30 to 40%!
01 May 2020
By Martha L.
Director of Alanda Properties
1st of May 2020
Covid-19 has brought a host of bad news in its deadly wake. However, we must strive to make an effort to stay positive and look forward, past this crisis. One of the first things that come to mind is the unique buying opportunity this crisis has brought with it.
The mandarin word for crisis is composed of two Chinese characters signifying “danger” and “opportunity,” respectively. This is an accurate depiction of what this crisis constitutes, an opportunity. Savvy investors can snag properties in prime locations in Marbella, and Costa del Sol, at bargain prices.
Unlike the 2008 bank meltdown, we haven’t witnessed a generalized price drop across the board. That said, property owners that need to sell quickly have come to grips with this new market and are dropping asking prices aggressively by up to 40%! It could easily take us another 10 years, or more, to see such a savage price drop again.
Our team of seasoned agents, with an ear on the ground, can handhold you in this new uncharted market and present you with ample investment opportunities.
Don’t waste this market opportunity, seize it. Call us today and secure a once-in-a-lifetime deal!
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