And we expect property prices to remain soft over the next 6 to 12 months. Chinese dominated the real estate market in 2018 and 2019. Some entrepreneurs focused on this market. The outcome is that some of the new properties on offer are worth following up on now. Volume of new developments seems to be increasing; even with no appreciable extra demand. Whether it be cutting back overgrown trees or cutting in roads. There are visible signs on this hillsides of preparation work. It prevalent with properties offered for sale. Some agencies are very good at promoting this way. Although some brokers do try to set up exclusive arrangements with the property seller. There seems to be a lot of supply coming onto the market of resale villas. And more importantly it never helps the seller. In practice in our experience this does to happen. In our opinion this is anti-competitive. Bargain properties sell quicker. Luxury villas on sale at a good price sell.

Purchasers should focus on real estate opportunities. If you are stuck at home, then searching for a house for sale online is a practical way of understanding the market. As this is a popular area to look for property for sale. You can look at the popular areas to buy property. Some property owners can’t wait. In this respect, there are some discounted deals to be found. If your search is successful you might find you are ready now. But there certainly is more supply. This has meant that owners have been willing to discount due to competition. Even in this period with struggling low demand. Generally there are specific circumstance why a property is heavily discounted, and its normally the experienced agent that sniffs these property deals out. Making a sensible offer for a new or resale property you are interested then might not be a bad idea. Also when these types of people come along, they tend to waste a lot of time with multiple agencies.

The price offered is just not achievable. Inevitably this is because of firstly, unrealistic selling price. Then again, after several months the seller drops the price to activate interest. Secondly, basic legal problem with the land, building permit or road access issues. Found during due diligence period. The problem buyers sometime experience is not carrying our the correct investigations. Thirdly, an unsound legal structure of the land and house. These are not uncommon. This can happen if the building has never been transferred by the lawyer of the seller at the land office. The land might be evident but the building cost of the villa might not show up. Indeed another cause of deals to fall through is both seller. We sometimes find that the building permit is in the sellers name, or the house book has not been transferred correctly. Buyer not acknowledging the tax implications of the transaction. Then arguing on who is responsible for the payment of tax.

Finally, because of construction deficiencies in the or even neighboring construction on new projects. Sometimes villas are unsaleable because of potential for sea views to be blocked. Concluding all these issues prior to signing the initial contract is the mostly likely way for a deal to be successfully concluded. They relied on slick marketing from some agents and developers to guide them. It of course takes time for these cases to be fully uncovered. But we are now in the period where the time is running out to make excuses. Gimmicks that in some cases have left them making a bad and costly decision. This is not to say that there are not new projects worthy of investment. We do identify these options for our clients. And in practice the developers that have delivered in the past do tend to get it right again. There are some that are fantastic in every aspect. It is uncanny that actually many times we do sell properties from the same developer.