Los Arqueros Property - Big Price Drop

Further to my last post another significantly reduced property has been added to our portfolio, with the vendor dropping his asking price from €329,000 to €199,000. Again, this complex is built by a publicly traded company and to a standard you would expect from a blue chip constructor.

Moving in to the commercial sector CB Richard Ellis cited Spain at the top of the transaction league in Europe, with some seriously large commercial deals being carried off. There has been some commentary, backing up my theory about the Spanish real estate market, with investors moving in as they feel they are in a similar stage of the cycle to the UK market.

With wealthy foreign consortiums calling the bottom of the market, I feel that although the economy is weaker in Spain than it is in the UK, there is some parity between both countries commercial real estate markets.

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