Lenox says on his blog (link) that:
I received an anonymous five-page letter today in English entitled: ‘When will the truth be told about the Prior’s and the illegality of their house in Vera?’ adding ‘Will your newspaper continue to print incorrect facts?‘ (sic).
The letter (posted in Garrucha by ‘a fed up Brit’) takes the view that the Priors knew all about their house being illegal, but carried on regardless and that the huge media frenzy following their house being demolished has put home prices in Almería down into the doldrums – far worse than in other Spanish property resorts.
Well, I’m more inclined to blame the fact that you brought an overpriced badly built apartment in a previously nice area that will, if the Junta gets its way, will shortly be an inner city ghetto of a city the size of Seville. But hey. If you want to blame the Priors (and, while I don’t disagree that they have been treated as pawns by the politicians, by staying outside the system they prevented themselves from appealing at the correct moment) for your bad investment, go ahead.
But good news beckons!
Fotocasa.es, the online estate agency, has an interesting graph of average prices in Almeria (this is the provincial average of closed sale prices via their network):
As you can see, in January the average house price of m2 in Almeria WENT UP BY 6€!!! Almeria is the 3rd strongest province in Spain, with an increase of 0,2% in monthly prices, after Leon (0,8%) and Murcia (0,21%). Have we hit the bottom of the market? Are the people who didn’t buy in the last 6 months finally deciding that prices won’t drop any further and are buying? Are government bailouts starting to take effect? Should I take the plunge and buy a house??????? Stay tuned!
PS- Just be glad you aren’t in Ourense. House prices dropped by 7,5% last month. Must be the nationalists, eh Colin?