Positive Spain

Goldberg Global · #1 12-09-2008, 10:43 PM

Hi

There is good news and bad news.

The good news is prices are correcting in Spain. ie. going down.
The bad news is for sellers and developers.
The good news is for buyers.

Also with the situation being worse on the ground, the situation in town halls. Corruption etc will have to be kept to a minimum. Things are getting much more ship shape. Banks wont lend unless everything is correct. And less dodgy deals are being done. eg. Black money etc. Which is all good for the international buyer.

Spain over the next 5 months will get worse and we see then in 2009 stablise and then if the global economy improves it will as well. The market is still going down, and really the next 6 to 12 months is the time to buy.

Get a good value property before things perk up again. So Spain still offers. Sun. Security, beaches, access, good food, friendly locals. It is an excellent place to live, and is good for families.

So see you in Spain, to buy an affordable house or apartment now!
Good luck every one.

Magellan · #2 19-09-2008, 05:57 PM

You may be right, but I'd wait a while yet if you're looking to invest. My feeling is prices have much, much, much further to fall

Magellan · #3 19-09-2008, 05:58 PM

PS, of course that's if you're looking at it as an investment. If you're retiting/holidaying/living etc then it doesn't really matter

Damian George · #4 24-09-2008, 07:20 PM

Hi Guys i agree with you spanish property prices are falling as getting a Spanish Mortgage is virtually impossible.

But what sellers keep forgetting is that their property may have dropped 20/30% but the pounds to euros exchange rate is at all time lows therefore limiting the actual loss to about 10/15% and selling spanish property at the moment isnt a badf idea as the prices still have a significant way to fall.

Goldberg i hope you are right and that 2009 brings a more robust spanish property market

Goldberg Global · #5 07-10-2008, 12:39 AM

Sun still shining, coffee is good, and their seems to be alot of the grey rinse brigade over here, still on the beaches and using the pools. I heard in the UK, it was cold, miserable and raining, and in a financial crisis, so Spain though not perfect is still better, safer and more relaxed than many places.

egray · #6 07-10-2008, 11:58 AM

Quote:

Originally Posted by Goldberg Global

Sun still shining, coffee is good, and their seems to be alot of the grey rinse brigade over here, still on the beaches and using the pools. I heard in the UK, it was cold, miserable and raining, and in a financial crisis, so Spain though not perfect is still better, safer and more relaxed than many places.

Couldn't agree more. Perhaps not the best investment place right now, but for quality of life, Spain is hard to beat: the weather is superb, the people are friendly and welcoming, the coffee is superb and the food is cheap. For me, there's still plenty of reasons to buy in Spain, especially if you're wanting to relocate as opposed to investing.

andyintheworld · #7 08-10-2008, 03:28 PM

Canary Islands have all the advantages of Spain but with the addition of year-round sunshine.

A good apartment here can be let for 40+ weeks.
I have a couple of these in South of Tenerife - Studios, 1 beds and 2 beds on a very popular complex. All with excellent rental history (40 weeks plus) generating good income.

Anything without rental is barely moving, still quite a lot of buyers from countries other than UK and Ireland though - they still seem to have money.

rowlandsbb · #8 08-10-2008, 05:53 PM

But not as cheap to get to!...and perhaps in some locations prices are cheaper!!

andyintheworld · #9 08-10-2008, 09:58 PM

Quote:

Originally Posted by rowlandsbb

But not as cheap to get to!...and perhaps in some locations prices are cheaper!!

Yeah - its a bit further but the tourist figures speak for themselves and I can show you 40 weeks plus per year in these apartments so it kind of seems irrelevant.

40 weeks rental is a load better than relying on a couple of months in the summer in Spain.

rowlandsbb · #10 09-10-2008, 08:13 AM

Well, in Spain if you pick the right location and do the job properly you can also get high occupancy levels....not everywhere and not everyone is prepared to do the work neccessary but that applies to the Spanish islands as well as mainland

In th end for life styel buyers who want to earn some income from their home , the most important aspect is buying in the right location for your own use......from mainland Spain you can jump on a plane at a moments notice quite cheaply and get back to UK or just use your home in Spain for a long weekend....this is a big plus for many which is why the mainland is so popular