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0 pointslbrito6d ago0 comments

Housing is really expensive in Spain and Portugal right now. I live in BC and mid/small cities there are actually more expensive than here

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7 comments · 1 top-level

asdff6d ago· 6 in thread

https://old.reddit.com/r/FirstTimeHomeBuyer/comments/1thk1bn...

Cheaper than 120k?

lbritoOP6d ago

Sure, you can find something with various budgets. As other said, that house is far away from the city centre (the reddit OP says so in the thread). You'll also probably need to spend a lot on upkeep and retrofits with buildings this old.

Something in the city centre is more like 4800 euro/sqmt (https://www.idealista.com/sala-de-prensa/informes-precio-viv...).

Just browse idealista in the city you want and you'll see its not such a bargain as people might think. Mid-sized cities I've checked (Vigo, Valencia, Granada) all have similar prices, around 400k for a 2-3 bed older apartment, or twice as much for a newer one.

asdff5d ago

Who cares if it is outside the city center? Looks like it is plenty urban. Even better, more real businesses priced towards locals paying 120k for an entire building, and no seasonal tourist businesses taking up space in the market priced for whoever can afford a four figure vacation to Valencia. Besides, OP said it was 20 mins by car to the city center. That seems perfectly reasonable in the american frame of reference towards distances to points of interest. The place looks turnkey too. Unfinished attic is pretty typical even in the US.

lbritoOP5d ago

If it looks like a good deal to you, by all means, hasta luego. I was just saying that specific Reddit post is not really a good average case for housing. Check idealista and see the average homes there first.

schnitzelstoat6d ago

That must be outside of Valencia city at that price. And anywhere near Madrid or Barcelona (where most of the good jobs are), forget it.

It'll be 350k for a 100m2 apartment or even more expensive in the popular neighbourhoods.

asdff5d ago

Op said it's 20 mins by car to the city center.

lbritoOP5d ago

That is far by European standards. Op is Spanish.

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