Hi all
We bought a 2 bedroom apartment in Pinada Golf Villamartin in June 2003 , and have continually seen a downward spiral of prices ever since ?
Apartments that were selling in Pinada Golf for 120,000 - 130,000 then , are now selling for 99,000 and 110,000.
Does anybody know what has happened to cause this drop in property values?
HAving spoken to several property sales offices in the area , they are all of the same opinion that preices have stopped going up , and most properties that are for sale are being severely cut in value due to the over development of the whole area.
We had hoped to keep our apartment for a minimum of 5 years before moving on to something bigger , but are wondering now whether to cut our losses and buy somewhere else ?
If anyone has any helpful information , it would be very much appreciated
We bought a 2 bedroom apartment in Pinada Golf Villamartin in June 2003 , and have continually seen a downward spiral of prices ever since ?
Apartments that were selling in Pinada Golf for 120,000 - 130,000 then , are now selling for 99,000 and 110,000.
Does anybody know what has happened to cause this drop in property values?
HAving spoken to several property sales offices in the area , they are all of the same opinion that preices have stopped going up , and most properties that are for sale are being severely cut in value due to the over development of the whole area.
We had hoped to keep our apartment for a minimum of 5 years before moving on to something bigger , but are wondering now whether to cut our losses and buy somewhere else ?
If anyone has any helpful information , it would be very much appreciated
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