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Post by Sasha on Sept 4, 2008 12:58:00 GMT 1
Actually, picture does look like me ....................... about 20 years ago. Oh please, do not be modest, you are still extraordinary pretty!
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Post by capio on Sept 4, 2008 13:17:32 GMT 1
How's about Balkans Baba?
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Post by balkanbabe on Sept 4, 2008 14:01:58 GMT 1
I still have the illusion of being a babe but baba is probably closer to the mark!
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sksk
Junior Member
Posts: 12
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Post by sksk on Sept 6, 2008 2:28:29 GMT 1
Interesting how this topic suddenly goes to the dogs. Perhaps some people don't want to talk about price declines.
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Post by polako on Sept 6, 2008 9:43:34 GMT 1
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Post by keepsmiling on Sept 6, 2008 10:13:45 GMT 1
We were talking to a local person the other day. This person seemed to think that now locals may be able to afford to buy properties that the prices are on the decline. True but there are also foreign buyers looking out for a bargain. BUT unless owners HAVE to sell they are certainly not going to sell at giveaway prices. Sksk - it is a painful subject, we have enough talk from the media as it is.
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Post by Ribaric on Sept 6, 2008 12:07:15 GMT 1
The view generally is that the world-wide property market is currently unstable. This causes would-be sellers to fear they'll not get good value and will therefore not sell until they feel the market either favours them or is at least in a stable condition. Prospective buyers will hold out for bargains in the fear that what they buy today may be available cheaper tomorrow. Croatia is little different to anywhere else and, as keepsmiling said earlier, unless people are forced to sell, they won't. In the end, people need homes in which to live so the buyers will increase in number and the market will change again. Perhaps we all get a bit over-sensitive about changes in prices, maybe we should just find somewhere we like and, if the price is OK, buy it. If not, don't. All this gnashing of teeth doesn't help.
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Post by Madgolfer on Sept 22, 2008 10:25:38 GMT 1
OK, now back from the "round the world cruise" (I wish Ploako) and trying catch up on posts.
It is a fact that many Croatians are asset rich and cash poor.
Many do not understand the meaning of a global economic downturn or the effect it will have on them personaly. Once the reality sets in later this year or early next year, this may well change.
Currently they do not need to "slash" the price of their old familly ruin and are quite prepared to wait it out and let the place sit there for a few more years.
That being said, there are some very good deals to be done for buyers who are in a position to move quickly and have available funds. As everywhere else in the world, nothing speaks as loudly as ready cash.
Buyers who have to sell a property to, raise a mortgage or other loan and need several months to "do the deal" will get nowhere when trying to drive prices down.
We have properties on our books that have been on the market a long time, the vendors having turned down offers or choose not to reduce the asking price and drum up more interest.
On the other hand, we have been supprised a number of times by sellers accepting offers way below the asking price. Each each seller has their own pressures to sell or not and again these vary at different times of the year, so it can be "pot luck".......
An offer turned down earlier in the year, may well be accepted six months later due to personal circumstances.
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sksk
Junior Member
Posts: 12
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Post by sksk on Sept 22, 2008 17:10:26 GMT 1
Sitting on a family ruin seems to be the status quo in Croatia. If the government slapped even a minimal annual property tax, things would change in a heart beat. Dormant properties would move onto the market, building and renovation would occur, and money would change hands. Instead, property sits, roofs collapse, and local economies stall.
And meanwhile, as Wall Street burns, Europe will follow suit. As day follows night.
SK
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Post by keepsmiling on Sept 22, 2008 18:11:29 GMT 1
If a conservation order is placed on an old property it would cost an arm & a leg to renovate therefore not viable to do so - rather let it fall to the ground. Also certain favoured builders seems to be given the monopoly of renovating these properties & if you are a foreigner buyer you pay many times more to get it done.
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Post by Madgolfer on Sept 22, 2008 18:56:36 GMT 1
Perhaps we should look at this from their perspective, what if it was us that owned that "old familly ruin".........
Some people might take a few bob in cash and run, others would sit tight and hold out hoping that prices might go up in a few months or years.
Each to their own, so lets not be too hard on Croatians.
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Post by mambo on Sept 23, 2008 18:56:43 GMT 1
I know that some families will never sell their property, e.g. if the property has been in the family for a few generations. For them it is almost impossible to emotionally distance themselves from the property. Others are simply unable to sell it, because they own the property with the whole family and some of them don't speak with each other or live in Canada, Australia or who knows where. The hassle of going through the paper work is then for the ones who live here and in the end they only get part of the money. Does not really motivate people to run a bit faster.
And then of course we have the people who still don't know what is going on outside their little village and they are waiting for the zillionaire foreigner who will give them 1 million euro for their 10,000 m2 of agricultural land plus one ruin.
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Post by Madgolfer on Oct 2, 2008 11:17:26 GMT 1
A classic example this week. We have an old farm property for sale which has been on our books since March this year and has been viewed only six times. A client put forward an offer on Monday (which was pretty close to the asking price I might add) and ...... it was turned down. On Tuesday they increased their offer to very close to the asking price (€1500Euros under) and....... it was turned down. We tried to explain about current market conditions, looming recession etc etc etc all of which was met with the sort of "Blank" look my dog might give me when I give him a command he doesn't understand.... Now to cap it all off, this morning the sellers have caleed and asked us to increase the asking price by 30% !!!! The buyer has now left Croatia !
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Post by Aleksandra on Oct 2, 2008 20:16:26 GMT 1
We've been there too! It is almost as the seller thinks: "If the buyer wants to buy it then they think they are getting a good deal and hence I am not, so I better put the price up."
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Post by Ribaric on Oct 2, 2008 20:50:10 GMT 1
A local developer has been building blocks of about 80 flats at about one or two a year, he's been doing that for at least three years. He has a price list which shows how the prices will increase on regular monthly intervals - and indeed, he does raise the prices. There are plenty of empty flats in his blocks - quell surprise!
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