Property sector participates in January sales in Spain.
This years sales are to include special property deals too. According to a Cadena Ser article published today, if the price of other goods are reduced for the sales then why not flats – this must have been the thinking in Remax, a chain of estate agent’s which has reduced the price on some of its properties on sale.
The property sale will start next Monday 8th January and end on 31st January and will include 1060 properties with discounts of approximately 4% on the original price. This system was first put into practice last year in just one of Remax’s branches in Santa Pola, Alicante. Its success was such that the branch’s sales of flats increased by 30% in January last year.
This year 68 branches of the same Spanish estate agent all over Spain will participate in the sales. Andalucia has the most offers while Valencia and the Canarias come next in terms of special deals available.
The reduced prices have been approved by the property owners who have agreed to participate in the sales.
They have signed an exclusivity contract with the estate agent quoting the original price and the reduced price. In addition these contracts have been inspected by notaries in order to guarantee the reduced price for the buyer.
This campaign also includes garages whose discounts range from 500 to 1000 euros. For flats the discounts range from 1000 to 300,000 euros. The biggest discount is for an estate in Las Palmas, Gran Canaria valued at 1.3 million euros.
According to the president of Remax, this campaign is possible because the Spanish housing market is slowing down. Although prices aren’t falling there has been a slow downward trend in the sale of properties. And property owners who want a quick sale are having to lower their prices in order to achieve one.
Houses for sale in Spain