lordhowe

ok lets have some honesty, have you sold your house the UK in the last 10 years and now can not afford to return, lets have amounts when you sold and amounts at today's market price and of course the area.

missile

Sold my house 2006 for £179,000 and it was sold again in 2012 for £242,000.

me me

We have not sold property in UK, but some years ago we could have sold our flat in Coruna for about 130k thousand more than we could today.

scampicat

Didn't sell my UK house but sold Spanish one in 2012 and made a tiny profit.

Fredbargate

Sold my Spanish place in 2011 at approx 75 times the purchase price

But did not return to the UK

johnnyone

Never mind selling up and then returning the London and South East market is ridiculous. It's becoming more and more difficult to firstly get on the property ladder and then if you do to make the next move as my children will testify.
The quicker there is a correction the better.

steviedeluxe

You may be right, but a correction can be very painful for those who bought at the top - as many found out in Spain. At least in Spain you can rent at economical prices - in London/the south east rents are also sky-high. Maybe UKIP will sort it

johnnyone

Of course they will by deporting all foreigners.

Madridboy

Sold my house in UK for triple what I paid for it, had a look recently and the people who bought it off us sold it 2 years ago for less than they paid for it.

chopera

I don't think the house price crash itself has caused as much pain to the Spanish as people think - instead it has been the unemployment and increases in other costs. Obviously seeing a few hundred thousand wiped off the value of your house isn't pleasant, but it's a hit you can take if you keep your job and can keep paying off the mortgage. It just means you can't move house - which the Spanish don't do that often anyway. And most Spaniards who bought in the boom had good tracker deals, and would have seen their monthly mortgage payments practically halve since the crisis started.

cricketman

Absolutely

Although the crisis of the past 7 years has been a reality check for those who bought during the boom times, and now they realise how stupid they have been

So it has been a knock to the confidence of those who overstretched themselves because they thought prices would be going up forever

Neptuno

Boasting is never attractive! you must have made a hell of a lot of improvements!
CGT?

chopera

Anybody who bought say 40 years ago would have seen such nominal gains. Flats in an area I know in Madrid went for about €1000 in 1970, over €200k at the peak, and are now back down to €60k.

IamStu

I bought a place in the UK 2 weeks before the crash. I still have it

cricketman

That must be an awful area of Madrid