26/09/2015 00:00
Dear Sir,
Interesting article on page 5 (Friday, 25 September) regarding property sales. A recent well-known TV programme in the UK, filmed this year, made the same comments about demand and property prices in Majorca and stated that you would be lucky to buy for under 5 to 10% less than the asking price, yet the couple featured were advised by an agent to start bidding at 94k for a property with an asking price of 124k and in fact they settled on 100k to buy the apartment, a little more than 5-10% less I would say. There are loads for sale in the windows of the agents that have been there for years and the main reason is unrealistic prices.
Austin Morgan
Holywell
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