Why would you not buy a property on the Costa del Sol?

A fairly simple question that I asked a colleague the other day is what do people really want to buy property on the Costa del Sol and Marbella? Now the Costa del Sol is in the ideal location in Western Europe and covers the area from Nerja east of Malaga to Sotogrande west of Malaga covering a total area of ​​166 KM of coastline with Marbella being the center of the Costa del Sol. Sol, The question is quite simple, but I have a hard time understanding it. Obviously, I am referring to those people who are in a position to buy, not those who would like to buy, but unfortunately are not in a position to buy a property on the Costa del Sol.

If you look at the factors firsthand, another question one might ask is what else could be changed to make things better for people to buy. Let’s look at the reasons why you should buy now.

The euro/sterling exchange rate is the most favorable in a long time.

Real estate prices have officially stopped falling on the Costa del Sol, according to official sources.

Prices for quality properties are unlikely to drop any further, you might get a really distressed offer or two, but it’s really one or two.

Property prices in a prime location will start to rise in 2011, perhaps earlier in Mallorca.

The best deals as a whole were bought in 2009, when nearly all distressed properties were taken off the market.

You can buy property for less than you can build on it right now.

The reality is that if you buy well now, you won’t lose money unless you buy very badly and that won’t happen if you use Sundream Estate

So, considering all of the above, what’s stopping you from buying right now? Can it be one of the following?

1 The press and economic data tell you that prices will continue to fall.

2 You want the same value in the property that was lost.

3 You think that if you resist you will get a better deal.

Well, unfortunately, if these are your reasons, then I respectfully think you’re wrong. What people who talk about the economic data and the fact that banks will have to sell off their shares don’t realize is that nobody wants their shares. Only those with a very limited budget have the option to buy the bank’s shares or nothing that are potential buyers.

If you missed out on a property, the sooner you familiarize yourself with it and look at the current market and the market in the future, the better it will be for you. The reality is that the longer you leave it, the more likely you are to get less for your money.

So in conclusion why so few people don’t buy property on the Costa del Sol, I would have to say it is a combination of all of the above and probably the main factor is trust,

I just hope people get their trust back before it’s too late.