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Re: Advice Needed
Originally Posted by Joppa
(Post 12846836)
All I can say at the moment is that Spain is facing a calamitous future in the tourist industry, and many expat-owned businesses are already up for sale and asking price is being slashed to attract buyers. While you may pick up a property at a bargain price, you may find it's extremely difficult to have a profitable business in the expected sharp downturn in visitor numbers, especially overseas, which form the bulk of B&B clientele. Make sure you have enough cash reserve to tide you over for at least a year or two.
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