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The Truth: In the Moraira there has never been
a bubble to burst.
That statement may seem contrary to the current
negative press about Spanish property bubbles, crashes and the looming
economic crisis.
Without doubt, if Spanish real estate values don't actually crash then they
are certainly in for a very bumpy landing.
However, there are sound economic reasons why Moraira has not been affected.
Real Estate Values in Moraira have already
been falling since 2004 - and this was was due to fierce competition
from other areas, where prices were much lower in the first place and then
"went through the roof".
Moraira prices quickly stabilised.
Buyers choose Moraira area because their intention is to acquire a holiday
home - to keep and enjoy long-term and not for short term gain!
Commonsense now prevails!
The Spanish property "silly season" is over, off-plan investors are left
with blistered fingers and new construction has ground to a halt.
 The
recent boom, the bubble and the inevitable crash were caused by the
construction of countless new properties and fuelled by cheap loans.
Very few new properties have built in Moraira
during the past 10 years.
These few have been extremely expensive and way beyond
the average budget because Moraira effectively ran out of land 10 years ago
and huge areas were permanently designated as green-belt.
Nearly all properties for sale are resale.
Nearly all Moraira properties for sale are aged between
10 and 30 years. For many years buyers of second homes have been
renovating and extending older properties and some have even been demolished
to reclaim the land.
You will never see Moraira property advertised on
TV.
The recent boom was driven by low interest loans and off-plan
opportunities. There was massive investment in TV and press advertising,
which only big developers can afford but there have been no new developments
in Moraira.
Moraira sellers use an estate agent, such as
Hamiltons of London.
Most sellers have owned their Moraira property for 10 years or more. If
they have to reduce then the price reflects pre-boom values and they have to
accept a little less profit than they were expecting, otherwise they just
don't sell.
The result is, and always has been, a stable market with reasonable
long-term appreciation.
If you are looking for a bargain, a "steal" or
properties at repossession prices then Moraira is not the place to look.
Best to try a websites that specialises in
Below Market Value Spanish Property.
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