House prices go down... really down: 2x1.

That is clear. Prices are 5 % lower this year. Teatinos (University area in Málaga) has dropped 9 %; you will find a rate of 2.337 € per meter there; 3.564 € per meter in Málaga center.

Mediterranean Estate Meeting hold these days in Málaga (9th-12nd October) is offering interesting businesses: two rooms flat, with garaje, swimming pool and fitted kitchen in Rincón de la Victoria (Málaga), 175.000 € plus VAT (16 %); one room flat, with garaje in Málaga center, 182.000 € plus VAT; two rooms flat, with garage, store room, paddel course in Torremolinos, 178.000 €; besides a great offer made by one of the promoter attending to the meeting 2x1, then you buy a flat in a concrete development and get a 50 % discount in other concrete development.

Maybe you want to purchase a house in Brasil or Ecuador... you can do it from Spain, in this meeting which takes place in Málaga this weekend, one house with one room for 63.000 € and detached villa with two rooms for 139.000 €.

It is time to take advantage of the situation and, as some say now, the buyer will be stronger in front of a developer that is not so powerful as he was some years ago, when he could force you to accept what he wanted to, because there were many other people for buying if you did not.



Málaga view from Gibralfaro, photo made by myself.