Advice Needed
#16
Forum Regular




Joined: Feb 2011
Posts: 253












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.