There has been a slow start to the year for most contractors, many wondering if this was going to be a bad year. Now that the warmer weather has arrived order books have filled. This year we have been involved in repairing works carried out on the cheap (leaking terraces, bathroom problems etc...) for several clients. Once again sometimes going for the cheapest quote involves cutting corners or using cheap materials.
Property prices are falling slowly, however rental prices remain steady. We are seeing people buying properties with apartments or properties that can be divided providing an income.
Estate agents tell us that the market is slow but that properties below 130 000 euros and high value properties are selling but the mid range properties are not selling, however this has not yet led to falling prices.