Going to move after a tough year( but were is best)
Mar 12th 2017, 9:18 pm
#16
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Joined: Mar 2017
Posts: 17
Re: Going to move after a tough year( but were is best)
Sold to who? many of those sort of apartments are 'sold' to the developers, just so that they can say it's 100% sold I lived very close to a group of three apartment blocks, all apartments had been 'sold' but only to the developer, only the penthouse had genuinely been sold, and that was to a British footballer who only spent a week in the place before deciding he didn't really like it and put it back on sale he wasn't even getting any interest at a price of 50% of what it had cost him. Because of the fact that none were occupied, then there wasn't enough money coming in for more than the very basic gardening and cleaning, and that was the reason that the other apartments were not saleable.
Mar 15th 2017, 5:22 pm
#17
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Joined: Feb 2011
Location: South Wales and abroad
Posts: 788
Re: Going to move after a tough year( but were is best)
My father always said - The best time to invest in property is as soon as you can afford to! its my belief that now is the absolute best time to join the hoards of foreign buyers buying in spain. Greece not so much but anywhere else is a fair bet. Prices along the coast are seeing a steady increase in the last 18 months, and really the spanish property market has only one direction to go and thats up. Ive invested many times in property and always someone was trying to tell me not to, its a bad time, ... im glad i didnt listen, they have never been right yet.. I would also say you are very mortgagable especially with a deposit and on a short term like 5 years, i would think the bank will roll out the red carpet to take your investment.
Mar 15th 2017, 7:14 pm
#18
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Joined: Apr 2014
Posts: 635
Re: Going to move after a tough year( but were is best)
I almost agree with you, certainly in the UK, but not Spain. All my properties are in the UK, I know the system, know trends...I don't know Spain. I could go to Spain in the morning and buy several apartments and town houses mortgage free but you'll wait longer in Spain for prices to go up and then you hit the brick wall of selling them given the hundreds of thousands of empty properties out there.
I am not saying that much of Spain doesn't have issues, but the idea that the UK is easy pickings might have been true until recently but certainly isn't the case now.
Mar 16th 2017, 8:32 am
#19
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Joined: Apr 2010
Location: London (mainly)/Oliva
Posts: 2,137
Re: Going to move after a tough year( but were is best)
I almost agree with you, certainly in the UK, but not Spain. All my properties are in the UK, I know the system, know trends...I don't know Spain. I could go to Spain in the morning and buy several apartments and town houses mortgage free but you'll wait longer in Spain for prices to go up and then you hit the brick wall of selling them given the hundreds of thousands of empty properties out there.
Mar 17th 2017, 6:57 am
#20
Just Joined
Joined: Mar 2017
Posts: 17
Re: Going to move after a tough year( but were is best)
I almost agree with you, certainly in the UK, but not Spain. All my properties are in the UK, I know the system, know trends...I don't know Spain. I could go to Spain in the morning and buy several apartments and town houses mortgage free but you'll wait longer in Spain for prices to go up and then you hit the brick wall of selling them given the hundreds of thousands of empty properties out there.
Mar 17th 2017, 12:03 pm
#21
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Joined: Apr 2014
Posts: 635
Re: Going to move after a tough year( but were is best)
Sadly, too many people assume every property in Spain is in the middle of a golf course in the middle of nowhere with loads of stuff unsold. Or maybe they just like talking the place down.
