3 Reasons Why Recovery in The Costa Del Sol Property May Be Slow: "prospective buyers who were releasing equity from there homes in the UK have totally disappeared. Again, because of the over zealous lending policies of UK banks, many second home owners look like they could lose there main residence too.
There are currently some speculators entering into the market place, but these are far more sophisticated investors who have sufficient liquid capital to strike and buy complete developments. The previous market highs of the region relied on amateur investors and buy to let newbies who saw the Costas as a way to make a quick killing and, to be fair, some people did. The truth of the matter is that the window for 'flipping' properties was surprisingly small and most people missed the boat. Like any investment timing is crucial, the old adage 'buy low, sell high' seems so obvious that it may appear nonsensical. The truth is many people bought at the Zenith of the market and in reality had nowhere to go in terms of capital appreciation. Understanding what you are investing in and more specifically where the market is in terms of price cycle is instrumental in any form of speculation."
Subscribe to:
Post Comments (Atom)
Post a Comment