spain - worse is yet to come - get out

[Miro1]

Hello Rowlandsbb & Jonwell,
Its interesting how everyone takes a speculative view of property. It didn't use to be like this.
If you want to buy a house in a place with a good climate, good communications, low cost tradesmen and plentiful well priced restaurants then Spain has a lot to offer.
All that the crisis does is offer you all this at a 30% lower entry price! What's the problem?
Thank you for your useful contributions.

[alicanteluxuryhomes]

I agree , it´s normally best to rent first than to buy. However, not so sure Australia is a wise option to emigrate to ... Floods, global warming, I feel it´s only going to get worse down there unfortunately.

[InmoLaSirena]

Originally Posted by Miro1

Hello Rowlandsbb & Jonwell,
Its interesting how everyone takes a speculative view of property. It didn't use to be like this.
If you want to buy a house in a place with a good climate, good communications, low cost tradesmen and plentiful well priced restaurants then Spain has a lot to offer.
All that the crisis does is offer you all this at a 30% lower entry price! What's the problem?
Thank you for your useful contributions.

I´m full agree with you Miro1. Now this crisis time is serving to adjust all services and pricing. The very problem is the high unemployment level if you need to get a job, otherwise your life cost is even cheaper.

In you are thinking to invest you can find real property bargains if you got cash. Who doubts about the quality of life in Spain? Whichever crisis to come, Spanish climate, life style, facilities and services do Spain one of the better areas to live in Europe

[Goldberg Global]

An important point for pensioners who buy alot in spain is.
Pensions are index/inflation linked to people in EU, in some countries outside EU this is not the case.
Also the medical insurance.

[Occo]

wow this thread was spot on, but i predict we still haven't seen the worst till we see the austerity measures take place.