delderek
09-03-2012, 15:08
Part of a report in The Tenerife News.
The findings show that home hunters offered 23%, on average, below asking prices in January.
The largest difference between asking prices and offers is being recorded in locations which are suffering with the greatest glut of homes. It is no coincidence that all these destinations are popular with international holiday home purchasers.
In Malaga, home to the Costa del Sol, home hunters offered 29% less, on average, than asking prices, followed by Soria, down 28%, and the Balearics, down 27%.
Differences of in excess of 25% were also recorded in Castellon (Costa Azahar), Girona (Costa Brava), Almeria (Costa Calida), Tarragona (Costa Dorada) and Murcia.
I wonder if similar reductions on asking price are normal in Tenerife.
The findings show that home hunters offered 23%, on average, below asking prices in January.
The largest difference between asking prices and offers is being recorded in locations which are suffering with the greatest glut of homes. It is no coincidence that all these destinations are popular with international holiday home purchasers.
In Malaga, home to the Costa del Sol, home hunters offered 29% less, on average, than asking prices, followed by Soria, down 28%, and the Balearics, down 27%.
Differences of in excess of 25% were also recorded in Castellon (Costa Azahar), Girona (Costa Brava), Almeria (Costa Calida), Tarragona (Costa Dorada) and Murcia.
I wonder if similar reductions on asking price are normal in Tenerife.