How long is a piece of string...
#62
BE Enthusiast
Joined: Apr 2014
Posts: 635
Re: How long is a piece of string...
I find Spain cheaper for everything than the UK. A couple of examples, and ones which aren't impacted by the big country, cheap region, cheap shop argument are:
I bought a new car in Spain last year. My brother-in-law bought the same car in the UK a couple of months earlier. On a circa 13,000 UKP purchase, I paid 1,000 less.
I buy clothes from Next. Next's prices are the same in all their UK stores and their website sells at the same prices as the stores no matter where you live. There is now a Next.es site and as an example, a polo shirt listed on the UK site for 35 UKP is on the .es site for 37 EUR, which is about 26/27 UKP.
Moving on, I spend quite a lot of my disposable income on eating out. Whether high-end or low-end, Spain is cheaper. Forget the local places, even comparing national outlets where prices are fixed, Spain is cheaper. Take McDonalds, for example, always cheaper than the UK price list.
I bought a new car in Spain last year. My brother-in-law bought the same car in the UK a couple of months earlier. On a circa 13,000 UKP purchase, I paid 1,000 less.
I buy clothes from Next. Next's prices are the same in all their UK stores and their website sells at the same prices as the stores no matter where you live. There is now a Next.es site and as an example, a polo shirt listed on the UK site for 35 UKP is on the .es site for 37 EUR, which is about 26/27 UKP.
Moving on, I spend quite a lot of my disposable income on eating out. Whether high-end or low-end, Spain is cheaper. Forget the local places, even comparing national outlets where prices are fixed, Spain is cheaper. Take McDonalds, for example, always cheaper than the UK price list.
#63
BE Enthusiast
Joined: Mar 2012
Posts: 487
Re: How long is a piece of string...
There is little merit in comparing prices of consumer goods without looking at the ability to pay. It would be pointless of a company setting it's prices so high that people weren't able to afford them.
Spain's ability to pay is considerably less than the UK or Germany. If you compare the official minimum wages in each country (2015 figures compared at 1st July exchange rates) they are as follows:
Spain 5.08 Euro
Germany 8.51 Euro
UK 9.09 Euro
Now you may consider that the minimum wage is a crude measure to use but by a number of other economic indicators the same conclusion is reached. Price points are decided by the ability to pay which is why a Mcdonalds in the UK is on average £5, in Spain 7 Euros and in Russia $5.
Spain's ability to pay is considerably less than the UK or Germany. If you compare the official minimum wages in each country (2015 figures compared at 1st July exchange rates) they are as follows:
Spain 5.08 Euro
Germany 8.51 Euro
UK 9.09 Euro
Now you may consider that the minimum wage is a crude measure to use but by a number of other economic indicators the same conclusion is reached. Price points are decided by the ability to pay which is why a Mcdonalds in the UK is on average £5, in Spain 7 Euros and in Russia $5.
#64
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: How long is a piece of string...
There is little merit in comparing prices of consumer goods without looking at the ability to pay. It would be pointless of a company setting it's prices so high that people weren't able to afford them.
Spain's ability to pay is considerably less than the UK or Germany. If you compare the official minimum wages in each country (2015 figures compared at 1st July exchange rates) they are as follows:
Spain 5.08 Euro
Germany 8.51 Euro
UK 9.09 Euro
Now you may consider that the minimum wage is a crude measure to use but by a number of other economic indicators the same conclusion is reached. Price points are decided by the ability to pay which is why a Mcdonalds in the UK is on average £5, in Spain 7 Euros and in Russia $5.
Spain's ability to pay is considerably less than the UK or Germany. If you compare the official minimum wages in each country (2015 figures compared at 1st July exchange rates) they are as follows:
Spain 5.08 Euro
Germany 8.51 Euro
UK 9.09 Euro
Now you may consider that the minimum wage is a crude measure to use but by a number of other economic indicators the same conclusion is reached. Price points are decided by the ability to pay which is why a Mcdonalds in the UK is on average £5, in Spain 7 Euros and in Russia $5.
But yes, things are cheaper in Spain because people earn less and rental of commercial property is way less
Most multinationals price their products lower for Spain
#65
Lost in BE Cyberspace
Joined: Feb 2013
Posts: 6,148
Re: How long is a piece of string...
There is little merit in comparing prices of consumer goods without looking at the ability to pay. It would be pointless of a company setting it's prices so high that people weren't able to afford them. Spain's ability to pay is considerably less than the UK or Germany. If you compare the official minimum wages in each country (2015 figures compared at 1st July exchange rates) they are as follows:Spain 5.08 EuroGermany 8.51 EuroUK 9.09 Euro Now you may consider that the minimum wage is a crude measure to use but by a number of other economic indicators the same conclusion is reached. Price points are decided by the ability to pay which is why a Mcdonalds in the UK is on average £5, in Spain 7 Euros and in Russia $5.
#66
Banned
Joined: Feb 2011
Location: Mallorca
Posts: 19,367
Re: How long is a piece of string...
There is little merit in comparing prices of consumer goods without looking at the ability to pay. It would be pointless of a company setting it's prices so high that people weren't able to afford them.
Spain's ability to pay is considerably less than the UK or Germany. If you compare the official minimum wages in each country (2015 figures compared at 1st July exchange rates) they are as follows:
Spain 5.08 Euro
Germany 8.51 Euro
UK 9.09 Euro
Now you may consider that the minimum wage is a crude measure to use but by a number of other economic indicators the same conclusion is reached. Price points are decided by the ability to pay which is why a Mcdonalds in the UK is on average £5, in Spain 7 Euros and in Russia $5.
Spain's ability to pay is considerably less than the UK or Germany. If you compare the official minimum wages in each country (2015 figures compared at 1st July exchange rates) they are as follows:
Spain 5.08 Euro
Germany 8.51 Euro
UK 9.09 Euro
Now you may consider that the minimum wage is a crude measure to use but by a number of other economic indicators the same conclusion is reached. Price points are decided by the ability to pay which is why a Mcdonalds in the UK is on average £5, in Spain 7 Euros and in Russia $5.
The fact is, that Brits and Germans simply have more income, so it goes farther in Spain. Full stop.
And minimum wage doesn't have all that much to do with it. Until last year, Germany had none at all, and people still had higher incomes.
But it is true that "market prices" for goods are heavily dependent on what people are willing (and can) pay. But even when market prices are higher, profits are offset by generally higher costs of doing business in those regions, and of course, higher taxes.
#67
Re: How long is a piece of string...
Where else can you buy an octopus for 15 euros and a bag of cherries for 1 euro
#69
Re: How long is a piece of string...
For me a warm home and a warm heart ( and a cool pool ) are worth an extra euro or two
#70
Lost in BE Cyberspace
Joined: Feb 2013
Posts: 6,148
Re: How long is a piece of string...
Well, we have cherry trees, apple trees, pear trees etc. in our garden. You can buy an octopus for less than €15 these days, but in a few years we might not even see them. Spain has been overfishing for years and we're destroying our oceans. Food prices are far to low in Europe and I wouldn't mind spending a bit more money if the quality is good and you know you're supporting the local economy.
#72
BE Enthusiast
Joined: Apr 2014
Posts: 635
Re: How long is a piece of string...
Well, we have cherry trees, apple trees, pear trees etc. in our garden. You can buy an octopus for less than €15 these days, but in a few years we might not even see them. Spain has been overfishing for years and we're destroying our oceans. Food prices are far to low in Europe and I wouldn't mind spending a bit more money if the quality is good and you know you're supporting the local economy.
#73
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: How long is a piece of string...
If food prices are too low for you and you care about the oceans, it is possible using this wonderful Internet thingy to source organic and ethical food at much higher prices than you can find on your local street. There are websites in Spain that sell this stuff. Fill yer boots, but let skint people have cheap food too, it's really important to them.
And there is plenty of choice in the cities to eat good quality and sustainable fish and meat anyway. And lots of fruit and veg from people´s local huertas
There is no excuse for eating badly in Spain as long as you can afford to eat well. And even if you can´t, lots of people have friends and family like Rosemary´s
#74
Lost in BE Cyberspace
Joined: Feb 2013
Posts: 6,148
Re: How long is a piece of string...
If food prices are too low for you and you care about the oceans, it is possible using this wonderful Internet thingy to source organic and ethical food at much higher prices than you can find on your local street. There are websites in Spain that sell this stuff. Fill yer boots, but let skint people have cheap food too, it's really important to them.