Go Back   British Expats / Living & Moving Abroad / Europe / Spain

Reply
 
Thread Tools
Old Dec 17th 2017, 7:55 pm   #31
GC44 Male
BE Enthusiast
 
Joined: Mar 2010
Location: North of North Dakota
Posts: 759
GC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by Moses2013 View Post
The thing is that a lot of Brits are rushing out now, so they can secure EU rights before Britain leaves the EU. This means that prices are increasing in these areas but will probably peak in 2018. After that prices will probably fall again and we'll have another boom bust story. Might be good to sell next year and buy in 2020 again.

I do hope you are right.

I'm no expert but I really can see some repercussions after April 29 2019, wether its the Euro dropping through the floor or the Spanish house price recovery (as small as it is) faltering. How will the rest of the world view from a financial aspect one of the major contributors to the European Union finally leaving.
__________________
TWP @ POE 23/8/11, MPNP granted 24/5/12, PR application sent 30/5/12, AOR & Med Request 17/7/12, Meds Completed 27/7/12, Application "In Process" 11/12/12, ROPR Fee Requested 11/3/13, Decision Made 13/3/13, COPR 6/5/13, Flagpoled 13/5/13 .
GC44 is offline   Reply With Quote
Old Dec 17th 2017, 10:12 pm   #32
Started off with nothing
 
missile's Avatar
 
Joined: Feb 2009
Posts: 3,727
missile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by Moses2013
........... Might be good to sell next year and buy in 2020 again.
I very much doubt that, after you factor in the cost (and hassle) of selling and buying.
__________________
Ride hard or stay home https://www.youtube.com/watch?v=OmNXCJt7K3Q
missile is offline   Reply With Quote
Old Dec 18th 2017, 12:47 pm   #33
BE Forum Addict
 
Loafing Along's Avatar
 
Joined: Jan 2016
Posts: 1,186
Loafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by GC44 View Post
I do hope you are right.

I'm no expert but I really can see some repercussions after April 29 2019, wether its the Euro dropping through the floor or the Spanish house price recovery (as small as it is) faltering. How will the rest of the world view from a financial aspect one of the major contributors to the European Union finally leaving.
Interesting article in Spanish financial press today , Sareb ( "bad bank") has over 1,500 properties for sale and nearly 5,000 in rentals. They are setting-up a new company next year to focus on their rental sector.
It gives a clear indicator that the Spanish market is shifting to a profile similar to UK - many people unable to buy and stuck in rentals.
Loafing Along is offline   Reply With Quote
Old Dec 19th 2017, 6:49 am   #34
Reasonable Bitch
 
Joined: Feb 2011
Location: Mallorca
Posts: 12,630
amideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Please, the Spanish economic recovery, has little to do with Britain. Why is it that when anything positive that happens in the world, Brits assume it must be due to something British?
__________________
Surprise! Turkeys really do vote for Christmas.
amideislas is offline   Reply With Quote
Old Dec 19th 2017, 7:31 am   #35
Started off with nothing
 
missile's Avatar
 
Joined: Feb 2009
Posts: 3,727
missile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

It's the little England mentality
__________________
Ride hard or stay home https://www.youtube.com/watch?v=OmNXCJt7K3Q
missile is offline   Reply With Quote
Old Dec 19th 2017, 8:38 am   #36
bobd22 
BE Forum Addict
 
Joined: Feb 2008
Posts: 3,561
bobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

To be fair i don't see the uk shifting from home ownership to rental and Spain allegedly following a positive.
bobd22 is offline   Reply With Quote
Old Dec 19th 2017, 4:28 pm   #37
BE Forum Addict
 
Loafing Along's Avatar
 
Joined: Jan 2016
Posts: 1,186
Loafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by bobd22 View Post
To be fair i don't see the uk shifting from home ownership to rental and Spain allegedly following a positive.
Exactly it is more a reflection of how difficult it is for people who have seen little or no increase in purchasing power since 2007 to actually buy a property.
Loafing Along is offline   Reply With Quote
Old Dec 19th 2017, 7:13 pm   #38
Reasonable Bitch
 
Joined: Feb 2011
Location: Mallorca
Posts: 12,630
amideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by Loafing Along View Post
Exactly it is more a reflection of how difficult it is for people who have seen little or no increase in purchasing power since 2007 to actually buy a property.
Actually, a 15% decrease in purchasing power since the referendum...
__________________
Surprise! Turkeys really do vote for Christmas.
amideislas is offline   Reply With Quote
Old Dec 19th 2017, 8:10 pm   #39
bobd22 
BE Forum Addict
 
Joined: Feb 2008
Posts: 3,561
bobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by amideislas View Post
Actually, a 15% decrease in purchasing power since the referendum...
Again to be fair that decrease has been much worse as well and was predicted to be worse than it is. Even the good times we get fluctuations in currency given that we stayed out of the Euro.
However main thing is the last huge property crash does seem to have peaked.
bobd22 is offline   Reply With Quote
Old Dec 19th 2017, 8:56 pm   #40
Started off with nothing
 
missile's Avatar
 
Joined: Feb 2009
Posts: 3,727
missile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by bobd22 View Post
However main thing is the last huge property crash does seem to have peaked.
You think? What has changed? Many are predicting that the stock market appears to be heading for another crash.
__________________
Ride hard or stay home https://www.youtube.com/watch?v=OmNXCJt7K3Q
missile is offline   Reply With Quote
Old Dec 20th 2017, 5:34 am   #41
Reasonable Bitch
 
Joined: Feb 2011
Location: Mallorca
Posts: 12,630
amideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by bobd22 View Post
Again to be fair that decrease has been much worse as well and was predicted to be worse than it is. Even the good times we get fluctuations in currency given that we stayed out of the Euro.
However main thing is the last huge property crash does seem to have peaked.
I thought property prices were still at all time highs (??).

Although the rapid price increases are expected to taper off and prices rise at a slower rate.

Will UK and London house prices rise in 2018? Here's what the experts think | City A.M.

Or if you were referring to the Spanish property crash in 2008, well, yes, that "peaked" long ago.
amideislas is offline   Reply With Quote
Old Dec 20th 2017, 8:04 am   #42
BE Forum Addict
 
Loafing Along's Avatar
 
Joined: Jan 2016
Posts: 1,186
Loafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by amideislas View Post
Actually, a 15% decrease in purchasing power since the referendum...
I was referring to the Spanish market .
Loafing Along is offline   Reply With Quote
Old Dec 20th 2017, 8:59 am   #43
Forum Regular
 
Joined: Nov 2015
Posts: 93
Hornets_Nest will become famous soon enough
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Some interesting data here:

https://www.spanishpropertyinsight.c...t-summer-2017/

In some of the areas of Granada province that I have been looking there are still many incomplete new builds and refurbs that have clearly been put on ice . This leads me to believe that supply is still outstripping demand in some areas. The value as far as I have seen is predominantly in the more Spanish areas which suits me down to the ground.
Hornets_Nest is offline   Reply With Quote
Old Dec 20th 2017, 9:05 am   #44
BE Forum Addict
 
Loafing Along's Avatar
 
Joined: Jan 2016
Posts: 1,186
Loafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by Hornets_Nest View Post
Some interesting data here:

https://www.spanishpropertyinsight.c...t-summer-2017/

In some of the areas of Granada province that I have been looking there are still many incomplete new builds and refurbs that have clearly been put on ice . This leads me to believe that supply is still outstripping demand in some areas. The value as far as I have seen is predominantly in the more Spanish areas which suits me down to the ground.
Many of these were spectulative builds sanctioned by local authorities who made large sums of money from the taxes they received on the land sale and licences in areas which just did not require that number of properties. You can see the same across Castilla , complete projects or infrastructure for small towns totally abandoned. Obviously the developers failed to sell and simply walked away leaving the problem with their banks.
One of the worst examples is the by the motorway about 100 kms south of Madrid - huge "town" with hardly any inhabitants.
Loafing Along is offline   Reply With Quote
Old Dec 20th 2017, 5:39 pm   #45
Reasonable Bitch
 
Joined: Feb 2011
Location: Mallorca
Posts: 12,630
amideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond reputeamideislas has a reputation beyond repute
Default Re: Will we look back in time, and say we bought at the bottom in 2014

Quote:
Originally Posted by Loafing Along View Post
I was referring to the Spanish market .
Property prices are up 20% here this year alone. And there hasn't been hardly any devaluation of the euro... Purchasing power in the eurozone is pretty level, maybe a bit higher.

It's shopping season. And boy, it's a madhouse everywhere. I hate going out to shop at the moment (any day of the week). Hard to find parking, stores are swamped. Long queues... Doesn't seem impoverished to me.

??
__________________
Surprise! Turkeys really do vote for Christmas.

Last edited by amideislas; Dec 20th 2017 at 5:42 pm.
amideislas is offline   Reply With Quote
Reply

Go Back   British Expats / Living & Moving Abroad / Europe / Spain


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT. The time now is 7:24 pm.


We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
Powered by vBulletin: ©2000 - 2018, Jelsoft Enterprises Ltd.
© 1999-2010 BritishExpats.com