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Potential buyers offer 23pc below asking prices in January

Idealista.com,  one of Spain’s leading property portals, has just published a survey showing the difference between asking prices and what house-hunters are offering.

On average, those looking to buy a property offered 23pc less than asking prices in January of this year, according to Idealista’s survey.

The biggest difference between asking prices and offers was found in the Malaga province, home to the Costa del Sol, where house-hunters offered 29%  less than prices being asked.

Differences of more than 25pc were also to be found in Girona (Costa Brava), Tarragona (Costa Dorada), Castellon (Costa Azahar), Murcia, and Almeria (Costa Calida), all popular locations with foreign holiday-home buyers.

So it seems there is still a big difference between vendor expectations and what buyers are prepared to pay.

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