Spain's real estate market may still be some way from recovery but some vendors are able to sell at much less than they bought and still turn a profit, it has been revealed.
At first glance it's tricky to work out how buying a villa in Spain in 2000 for €122,000 and selling in 2010 for €85,000 can be seen as anything but an unmitigated disaster. In actuality, the client's getting a bargain and the vendor's making a profit. That's because the vendor's British and currency exchanges work in their favour.
Spain's Costa Cálida, in particular the Camposol Golf Resort promoted by real estate agent Mercers, is currently replete with vendors returning to the UK who have the strength of the euro to their advantage. This is making the local property market more price sensitive than ever with asking prices tumbling yet still not to the detriment of the vendor making a good profit.
