Distressed or depressed property?

In these so called troubled times of credit crunch and recession it is inevitable in an optimistic company like Amazing Resorts to think of opportunities and bargains that are now out in the market.

However, we have to be careful. To mess about with the famous quote from Warren Buffet, you need to know how to buy a good property at a great price, not a great company at a good price! And that's what we're all about at Amazing Resorts.

There are many offers in the market now for "Distressed Properties". Our different product teams in our many destinations are reporting that there are great opportunities out there now. "Perhaps more than ever," Says Helen, in charge of product for Spain and Portugal. "But there is more rubbish than ever too" She adds.

So in times of trouble the guys who could never sell in the good days are also trotting out discounts and trying to entice people to buy their wares. Here at Amazing Resorts we have started to dub these properties "Depressed Properties".

So what is the main difference between a distressed property and a depressed property.

"I think the biggest difference is whether one is an opportunity or not", says Tim Landseer-Brooks, Regional Manager. "Everyone knows a bargain when they see one, but something shocking is always shocking!"

Certain properties that could not be sold in boom times clearly are not saleable in tougher times, like these.

So beware the big price drop and aim for a property that you like, that you could use and then get it for a great price... in fact, get it for an Amazing price.

Contact us at info@amazingpropertyinspain.com and we will steer you towards the true distressed properties.