Not sure if that's good or bad. No doubt certain elements are picking up the cheaper properties when in a good location.

http://www.cincodias.com/articulo/ec...02cdscdseco_6/

Let's hope not.

How would you translate "hasta situarse en 99,4 milliones" in this link

Something like "reaching 99.4 million in circulation"? No doubt another here can improve on that...

edit: that's the number of notes - the article states the value of the notes is in the vicinity of 49 billion! Seems a bit high to me...

Cheers Steve

More than likely, the ones starting to unload them or convert them into real estate or whatever, are seriously worried about the Euro dropping further or disappearing down the plughole altogether.

I'm trying to find fault with your argument, but the logic makes sense. Add in lower prices for properties too, and it's obviously tempting to those who've got cash reserves. Hold on to a currency that could lose a lot of value, or buy a property -even if it takes a long time before prices rise again, at least it's somewhere you can live in rent free (or even earn money by renting out).

Doesn't make sense, all the media reports that money has been flooding out of Spain...hundreds of millions of it! I know Spain has a wild west reputation but it is now virtually impossible to buy property with cash. The notaries want a paper trail.

That is right, paper trails are needed to show where the money came from.

You cant even buy a decent priced piece of bling with cash, so the only way it could be done with property is in cohoots with notaries, banks, solicitors agents etc.

Nothing new there then!!

Exactly.

Historically property has always been the best "long term" investment.Seems people who have large amounts of money are struggling to find safe havens.

I could find better safe havens than putting money in Spain.

Property is always "safe" wherever you buy it.The question is always how long you can afford to leave it there.Over the long term property prices always rise.It's just Spains may take longer(much) than others.

This is absolute nonsense, it is a paradigm spouted by baby boomers who had the luck to be around during the WWII population increase, in the UK

Japan has had no growth in property values since their boom in the 1980s. That boom and crash is pretty similar to what we are currently seeing in Europe

I have just sold my property in London because I cant see any real growth in the next 20 years.

Without capital growth, property is just a liability, even if you can get a good rental return, you will still be liable to service the maintenance costs and taxes whether you live in it or not - and whether you have a rental income or not

Saying that, I have my eyes open in Spain, if property drops another 30% from peak (so looking at prices at around 35% of 2007 levels) then I may buy, but only if it is somewhere I want to live in for the next 10 years or so. Not as an investment

I bet some Brits that ended up with a property that was later declared illegal thought exactly the same.