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Old Dec 20th 2017, 6:51 pm   #46
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Originally Posted by amideislas View Post
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.

??
try the interior of Andalucia - 40% youth unemployment and the Costa Del Sol buzzing.. Brits, Germans, Russians and every so often a real Spaniard
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Old Dec 20th 2017, 8:08 pm   #47
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Originally Posted by Loafing Along View Post
try the interior of Andalucia - 40% youth unemployment and the Costa Del Sol buzzing.. Brits, Germans, Russians and every so often a real Spaniard
Wasn't it 50% last year? I hate it when no progress is made.

In any case, Spain's economic growth remains one of Europe's leaders. And significantly better than Britain's.

Spain - Economic forecast summary (November 2017) - OECD
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Old Dec 21st 2017, 9:25 am   #48
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Wasn't it 50% last year? I hate it when no progress is made.

Spain - Economic forecast summary (November 2017) - OECD
Progress from a very low base. Spain regressed far more than some other EU countries.
Remind me again, what is the Uk's unemployment rate?
Why are you so negative when it comes to the UK?
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Old Dec 21st 2017, 9:35 am   #49
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

Why is everyone fixated by property prices? Most buy a property to live in or enjoy ie it's a lifestyle investment. It's not a short term financial investment for the majority of us and in most cases does not affect peoples lives.
If you are buying as a short term financial investment you take the risks that entails.
I live in London where property prices are ridiculously high. All that seems to have achieved is to push younger buyers out of the Capital out of necessity not choice.
I cannot see where the benefit is for me.
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Old Dec 21st 2017, 11:36 am   #50
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Originally Posted by johnnyone View Post
Progress from a very low base. Spain regressed far more than some other EU countries.
Remind me again, what is the Uk's unemployment rate?
Why are you so negative when it comes to the UK?
Erm.. Look around you. It's not exactly going very well over on that side of the channel. And it was all completely unnecessary.

Over here, it's visibly and tangibly very much improved over just 5 years ago. Although it depends. Apparently, the perspective from across the channel is quite different than from this side. But that's OK. Britain needs some sense of superiority to cling to, considering the circumstances.
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Old Dec 21st 2017, 12:41 pm   #51
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Originally Posted by amideislas View Post
Erm.. Look around you. It's not exactly going very well over on that side of the channel. And it was all completely unnecessary.

Over here, it's visibly and tangibly very much improved over just 5 years ago. Although it depends. Apparently, the perspective from across the channel is quite different than from this side. But that's OK. Britain needs some sense of superiority to cling to, considering the circumstances.
Maybe they can learn from the Catalans today ?? The mere thought of seperatism there has seen 3,000 companies move there headquarters or operating base from Catalunia.
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Old Dec 21st 2017, 4:05 pm   #52
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

Johnnyone there are real differences in property sales between UK & Spain.In UK you have access to much easier mortgage loans,in fact until Spain joined the EU in the80's,the word"mortgage" wasn't general,you got a loan from the Bank as a deposit,as my daughter did & that was for 10 years.Had she not had her parents to give a bit of help it would have been impossible.That was common with all her pals of her age group here.Still happens although once Spain was an EU member,British & other foreign Banks brought in their methods which then allowed for"a mortgage" over a much longer period.However in the south of England,where I come from,prices are ridiculously high(Try Brighton & Hove where a lot of Londoners live & where I used to have a home & businesses)I don't think we are negative in our thinking rather more realistic since we have the benefit of experience in house purchase in both countries over a number of years.I have many relatives who live in various parts of UK & I truly think that many would have a problem if they lost their job or the interest rate rose a lot .Prices could then fall dramatically. .Whereas here,where I have a property which is on the market just now after advice as to the market value,I am pleased to see a modest rise in expectations.
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Old Dec 21st 2017, 6:33 pm   #53
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Yet another selfish boomer (probably) revelling in the joy of being able to pull the ladder up behind him and prevent younger generations from being able to afford to buy their own home, whilst at the same time feeling smug and superior as a "savy" investor, conveniently ignoring the fact that any gain in price is entirely due to HPI and nothing they have actually produced themselves.

This delusional, idiotic and misguided attitude that ever increasing house prices is a good thing.
When you have an entire country (UK) totally reliant on ever increasing HPI, a government having to prop up a rigged market with inventive new scams (FFL, HTB, HTB2, HTB3, ZIRP, shared-ownership, 40 year mortgages, BTL, etc.), a "free-press" constantly ramping up the HPI forever mantra, an economy based on nothing but selling houses to each other at ever inflated prices, what happens when the party ends, as it surely must?

Oh for the days when a house was bought to be a family home rather than an investment and cash machine.
If governments would introduce 99% capital gains tax on all un-earned income then perhaps those of us that actually work for a living and produce stuff can pay slightly less tax on https://www.spanishpropertyinsight.com/2017/12/20/property-sales-up-20-in-2017/our hard-earned income.

But my opinion is a minority one (and controversial) and bound to upset many on this forum, and I'm sure the OP has worked hard all their life and deserves everything they're entitled to.
https://www.spanishpropertyinsight.com/2017/12/20/property-sales-up-20-in-2017/
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Old Dec 21st 2017, 10:01 pm   #54
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Originally Posted by Loafing Along View Post
try the interior of Andalucia - 40% youth unemployment and the Costa Del Sol buzzing.. Brits, Germans, Russians and every so often a real Spaniard
We have one Spanish guy that lives on the urb of 27 houses it’s a real inconvenience when we have an AGM because someone needs to translate English to him!
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Old Dec 21st 2017, 10:06 pm   #55
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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We have one Spanish guy that lives on the urb of 27 houses it’s a real inconvenience when we have an AGM because someone needs to translate English to him!
Yes but in which country do you live ??? Isn't it called Spain and the langauage is Spanish . Official Minutes of Community Meetings must be in Spanish although if you take a vote at the beginning you can conduct the meeting in English. Your Adminstrator will know all that and what is legal.
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Old Dec 27th 2017, 9:13 pm   #56
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Yes but in which country do you live ??? Isn't it called Spain and the langauage is Spanish . Official Minutes of Community Meetings must be in Spanish although if you take a vote at the beginning you can conduct the meeting in English. Your Adminstrator will know all that and what is legal.
No. It's like all foreigners. They're just too lazy to learn or speak "proper" English. It's also why there's 90% unemployment in most foreign countries. Who would hire someone who doesn't speak proper English?
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Old Jan 2nd 2018, 2:05 pm   #57
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

Speaking about property bargains. With a pension crisis coming, wouldn't it be easy to make some money by increasing property taxes?


https://wolfstreet.com/2017/11/18/sp...ne-ignores-it/
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Old Jan 4th 2018, 11:24 am   #58
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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Speaking about property bargains. With a pension crisis coming, wouldn't it be easy to make some money by increasing property taxes?


https://wolfstreet.com/2017/11/18/sp...ne-ignores-it/
This is a ticking time bomb in many countries. However, with some of the future generations about to receive record inheritances, we will truly be moving into a two class society. Unless the government has ideas on how to extract this wealth from them, which I am sure they are working on.

Millennials to secure 'inheritance boom' - BBC News
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Old Jan 4th 2018, 11:44 am   #59
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

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This is a ticking time bomb in many countries. However, with some of the future generations about to receive record inheritances, we will truly be moving into a two class society. Unless the government has ideas on how to extract this wealth from them, which I am sure they are working on.

Millennials to secure 'inheritance boom' - BBC News

Good point. The only thing is that if you inherit a property and unless you live there yourself, it's only worth something if you have people who can afford and want to buy it. What I can see is that prime coastal area properties will just get more expensive but you'll have a massive oversupply of older apartments and estate houses in some parts of Spain.
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Old Jan 4th 2018, 1:27 pm   #60
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Default Re: Will we look back in time, and say we bought at the bottom in 2014

That BBC article also says Millennials are aged 18-35 and will have to wait until they're 61 before they will inherit.

So that's a lifetime of rental slavery paying off someone else's mortgage, hoping all the time that their parents will just hurry up and die so they can inherit their property, conveniently forgetting that the parents have probably MEWed any equity out of it to pay for their 30 year retirement and the obligatory couple of world cruises every year.
And then anything left will be used to pay for care home fees because the kids can't look after the elderly parents due to not being able to afford to live in the same part of the country as their parents.

So let's all celebrate high house prices where everyone gets rich for doing absolutely f* all.
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