Capo Boi's activity

Perfect explanation Penny. Very professional. I wish you all the best.

Penny, with the best will in the world, it looks like your price is €2,500 m2. which is closer to what I'd expect. Or am I really missing something here.......

At 570m2.....(I initially took your number of 350m2), its difficult to make your price stack up. I would think agencies would be biting your hand off. Or is this really where as pianopiano says, prices are?

There are obviously many factors that determine a property's value. On the continent the starting point is always price per m2. This is then compared to the price in that area, region etc. Adjusted for condition, closeness to amenities etc. But price per m2 is always the dominant consideration. In the UK this never seems to figure despite all the major UK building companies using cost per metre2 (or at least cost per foot2) as their main construction guideline. (building costs for example are currently around  £950 m2  for a "good" build in outer London but land costs will add 5-10 times to this amount).  In Europe it is normal to quote an inclusive figure (ie including the land value). For example, in Berlin, it is still possible to buy at around €650m2. In Bulgaria, at the speculative peak,  apartments were being sold for upwards of €1,500 m2. Now €550-€650 is often the quoted value if you can find a buyer. Italy is no different. Price per m2 is the main driver.  Property prices are probably something like 8% -12% off their peak. Value will always come through but I really believe that the value (and hence buyers), unless sterling recovers significantly, will not be found from the UK. Anyway, here it is, my opinion.

Just seen your second post pianopiano. Not as bearish as you are but clearly in the last few years many people have overpaid for property particularly in the "cheaper" regions. With the global downturn its not surprising that these are the ones that fall out of bed at least in euro terms. All I was saying that despite everything, a price of €540 m2 for a habitable house in Le Marche looks good value to me. I genuinely wish the family well.

What pianopiano says is true, however. UK buyers are very thin on the ground these days because of sterling's fall. Transactions generally are down around 20% from 2007 levels and the buying pattern has very much changed to the eurozone.

On paper from the information you have given, a 350m2 house at €190,000 looks very good value to me. Just over €540 m2. The last time I was in Ancona, maybe 12 years ago, apartments were generally selling at the equivalent of €750 m2.

Ram and steve jackie are correct.

Its important to turn water off as alan h says. Frost is not the only problem. Water pressure is higher in winter putting corresponding extra pressure on pipes, valves etc.

Its gone a bit quiet Alan, I agree.