Re: how many making move
 

Couldn't agree with you more :
when your currency is 20% down , your so-called blue chip AAA-rated equities between 75 and 90% down , your U.K. deposit-holding banks in danger of folding into insolvency any minute of any day ...and your U.K. state pension ridiculed as the lowest in all of EUrope ,
no wander , that we'all jumping with joys of summer of 2008 !

Re: how many making move
 

If any government allowed banks to fail, then we would have a real depression on our hands.

Re: how many making move
 

Haven't even mentioned the rampant , unchecked inflation , caused mostly by speculators and "shorting" hedge funds , about which our western governments also do Nothing about !
It's an all-out offensive , against any middle-class' prosperity , or comfort !

Re: how many making move
 

If you have less than a certain amount of money, well, you have nothing to lose. If you have more than a certain amount you have little to fear.

The rest of us poor schmucks who work hard, and try and save for our future/retirement?

What kind words does our government have for us?

Bend over and take it b*tch!

Re: how many making move
 

You did not have a situation that bad that anywhere near the number of estate agents went bust. If you do not think the position laid out below is worse than then I cannot see the evidence

http://www.thisismoney.co.uk/news/ar...5&in_page_id=2

The difference between then and now is that it is the banks and financial institutions that are responsible

Doom and gloom have nothing to do with it. What is needed by many planning to move to Spain is an appreciation of how long it is likely to take to sell their home in the UK and that if they do not take a realistic view of the value of their property and hold on for the prices of a year or so ago they may have a very very long wait before they sell.

I feel sorry for the people who have committed themselves to off plan purchases in Spain. Many will not have sold in time to make their final payments and many more may see their Spanish property fail to be completed because the builders go bust.

I am part of all of this, not someone sitting on the sidelines. I am trying to sell and must make my decision. Sell at a much reduced price and see my capital shrink and then shrink again because of the exchange rate or hold on possibly for a couple of years minimum (if I can afford to do so)

The question was

how many are making the move

This is all about why many are not

Re: how many making move
 

Or , could it yet turn into :
how many making a move back from Spain , after having become impoverished , for the reasons mentioned in earlier posts...???

Re: how many making move
 

C’mon chaps. Phone the Samaritans or get on with life.

You ain’t gonna change anything by whinging…

Re: how many making move
 

Yes, I always found the head in the sand approach effective!! Keeps me well away from those Samaritans.

I don't see being aware of what is happening to be whinging - now putting down the UK for its politicians, taxes NHS etc etc, that can be whinging.

I'm positive about life, always have been. I'm not about to stop posting just because some see my comments as depressing. I get depressed at the racist comments we get on this site but not a lot as I know some people will always be racist.

Nearly everyone looking at this sit based in the UK is about to try to sell their home or thinking of it. Advising them to be aware of the fact that this is the worst recession for many years and that they should re-assess their plans probably made a year or so ago is just an attempt at spreading awareness. Saying, don't go for off plan property or beware if you have is not whingewhinging_

Re: how many making move
 

The article you point to contains no comparative evidence at all - it just says its bad now and they think it will get worse before Christmas - it does not show any comparisons with 1990 whatsoever. My memory of 1990 against now is that the number of repossessions, job loses and drastic interest rate hikes was far worse than the current situation is. As before, this does not mean the current situation will not get worse and top 1990, but not yet I feel.

http://latestnews.virginmedia.com/ne...ow_1990_levels

Personally I would either sell now or expect to still be holding the property in 5 years time - good luck.

Re: how many making move
 

Yes but… Spreading awareness should really be spreading awareness of facts.

Globally we actually experienced 5% growth in 2007.

So, if I was to say that the IMF now expects the global economy to grow 4.1% this year, which is up from the original April forecast of 3.7% I suppose you guys would still go for the local Calle Major (or corner bar) approach of doom and gloom?

Re: how many making move
 

So is it not a fact that estate agents are closing down at a staggering rate?

Is it not a fact that property prices are generally on the decline.

I think 2007 figures for global growth have little to do with the present. The change around has been rapid.

Hang on to this and lets look at the picture at the end of this year. I have little faith in the IMF predictions and expect the local Calle Major to be a lot busier

Re: how many making move
 

What good is "global" growth ( India ? Brasil ? Russia ? Kosovo ? ) to us , when our currency is shrinking , any security of our banks is seriously suspect , the inflation is out of control and taxation at all-time highs , whereas the interest the banks pay is negliguble , the equities' markets are in doldrums and the U.K. state pension a sick joke ?

Re: how many making move
 

Well, I'm no financier, but I would have assumed that if their economies do well, they will be better able to sell what we produce, if we actually produce anything any more.

Re: how many making move
 

I agree that there were different circumstances that led to the problems of 1989/90, the major one being that then the banks were not in the poor position they now find themselves in. Also we still had some manufacturing going on and were not so reliant on Chinese goods. Coventry still made cars even if in foreign ownership, now the sites of the factories are either covered by warehouses holding Chinese goods or Shopping centres selling.......

I think the banks have a vested interest in not pushing for too many re-possessions as does the Government in persuading them not to be too quick to re-possess.

I don't know about 5 years (don't want too much doom or gloom) but I agree it may be a long time for recovery in respect of property prices.

Re: how many making move
 

Umm… Yes, thinking about it you’re probably right. I will send those guys at the IMF a link to this thread so that they can correct their calculations. I’m sure they will find all this conjecture relevant and immediately rush to make corrections to their figures.

Let’s try and sum up something on thread for pjj and Nosherlot. If you’re selling a house be positive and just get on with selling it. IMHO when you have competition, plans to house doctor it are a good idea when it is in need of TLC as you need to beat the competition. Obviously the time (and money) taken to do this should be borne in mind with regard to how the market is going in your area. Interestingly, where I am (Surrey, Hants, Berks borders) the property papers are already warning people not to wait too long to buy at the ‘current levels’ as prices have not fallen much and “look as though they’re firming up”. Maybe it’s their bullish attitude, maybe not. Who can tell? Think. Are we reading facts in the papers or conjecture?

We know for sure (facts) that the big building companies in the UK have announced cutbacks. On the face of it that looks bad, but consider for one minute that the UK has never historically kept up with building enough houses to satisfy the market. That is of course one of the reasons why house prices have risen. Supply and demand. That’s why the US market in so many areas is going through the floor. In a lot of areas they built like crazy to meet market needs and speculative buyers stupidly kept inflating prices by jumping on the ‘worth a lot more next year’ bandwagon by borrowing funds way out of their league. How many ‘just can’t lose’ investments are there? There are however still areas in the US (and the UK) where property is selling for good prices.

So, if more than 700,000 houses were built in Spain in 2006 (more than Britain, Germany and France put together) what logically is now going to happen there?

And what is the likely result of the slowdown in UK house building? Logically prices in desirable areas will firm up in response. Don’t forget those companies are sitting on huge parcels of land, and that they decide when to start building again.

To descend to the selling basics, if you are one of say three, selling within a square mile, you don’t have much competition and won’t have to make as much effort. If you are one of thirty-three, then face the reality that you are going to have to work on it. You’re going to have to get the quality right and the price right, painful though that may be. But focus on the positives of getting it sold, and never dwell on the negatives.

Hopefully pjj (the OP) is still around. How is the potential sale going for you pjj? Have you reeled him in yet?