I won't buy in Spain until I can buy a house for £20,000
Jul 5th 2012, 1:13 pm
#1
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I won't buy in Spain until I can buy a house for £20,000
I won't buy in Spain until I can buy a house there for £20,000. This is the target I have set myself but is this realistic? With the deteriorating economic situation in Spain that seems to be getting worse by the day and the likelyhood that Spain will drop out of the Euro and adopt the Peseta resulting in an instant devaluation of the Peseta of fifty percent resulting in a fifty percent drop in house prices then one would expect that one day you could realistically be able to buy a house in Spain for as little as £20,000 pounds sterling.
Currently unemployment in Spain stands at 24% and youth unemployment at 40% but in reality the true figures are double those that have been reported with a true figure for unemployment in spain being more like 48% and youth unemployment being 80%.
Given such dreadful economic statistics and that Spain's economy just seems to be getting worse by the day then could it be possible that one day, some five to ten years from now, that you could buy a house in spain for as little as £20,000 pounds sterling?
Currently unemployment in Spain stands at 24% and youth unemployment at 40% but in reality the true figures are double those that have been reported with a true figure for unemployment in spain being more like 48% and youth unemployment being 80%.
Given such dreadful economic statistics and that Spain's economy just seems to be getting worse by the day then could it be possible that one day, some five to ten years from now, that you could buy a house in spain for as little as £20,000 pounds sterling?
Last edited by jakesuper; Jul 5th 2012 at 1:15 pm.
Jul 5th 2012, 1:21 pm
#2
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Re: I won't buy in Spain until I can buy a house for £20,000
Jul 5th 2012, 2:29 pm
#3
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Re: I won't buy in Spain until I can buy a house for £20,000
I won't buy in Spain until I can buy a house there for £20,000. This is the target I have set myself but is this realistic? With the deteriorating economic situation in Spain that seems to be getting worse by the day and the likelyhood that Spain will drop out of the Euro and adopt the Peseta resulting in an instant devaluation of the Peseta of fifty percent resulting in a fifty percent drop in house prices then one would expect that one day you could realistically be able to buy a house in Spain for as little as £20,000 pounds sterling.
Currently unemployment in Spain stands at 24% and youth unemployment at 40% but in reality the true figures are double those that have been reported with a true figure for unemployment in spain being more like 48% and youth unemployment being 80%.
Given such dreadful economic statistics and that Spain's economy just seems to be getting worse by the day then could it be possible that one day, some five to ten years from now, that you could buy a house in spain for as little as £20,000 pounds sterling?
Currently unemployment in Spain stands at 24% and youth unemployment at 40% but in reality the true figures are double those that have been reported with a true figure for unemployment in spain being more like 48% and youth unemployment being 80%.
Given such dreadful economic statistics and that Spain's economy just seems to be getting worse by the day then could it be possible that one day, some five to ten years from now, that you could buy a house in spain for as little as £20,000 pounds sterling?
Jul 5th 2012, 2:33 pm
#4
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Re: I won't buy in Spain until I can buy a house for £20,000
Something a bit strange there don't you think...a bit too cheap.
Sometimes the spanish have the habit of putting a low figure and there is a mortgage to take over.
If it is that cheap things must be a lot worse than I thought!
Sometimes the spanish have the habit of putting a low figure and there is a mortgage to take over.If it is that cheap things must be a lot worse than I thought!
Jul 5th 2012, 2:45 pm
#5
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Re: I won't buy in Spain until I can buy a house for £20,000
I find it strange that a newcomer should post twice in ten minutes on a similar topic. Maybe as strange as me replying twice in ten minutes too. It's a strange world.
Jul 5th 2012, 3:15 pm
#6
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Re: I won't buy in Spain until I can buy a house for £20,000
Which of course they are in some areas, but no doubt in others there is further to fall...
(actually whisper this, but it's happening back in UK too. Which is good news in long run as it will help first time buyers).
Jul 5th 2012, 3:26 pm
#7
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Re: I won't buy in Spain until I can buy a house for £20,000
Said today they have gone up. Although I suppose it depends if you want to live in Kingston on Hull or Kingston on Thames
http://www.bloomberg.com/news/2012-0...ifax-says.html
http://www.bloomberg.com/news/2012-0...ifax-says.html
Jul 5th 2012, 5:13 pm
#8
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Re: I won't buy in Spain until I can buy a house for £20,000
Well yes, almost the best advertising you could have of "Look, house prices are now very cheap in Spain!!!!!"
Which of course they are in some areas, but no doubt in others there is further to fall...
(actually whisper this, but it's happening back in UK too. Which is good news in long run as it will help first time buyers).
Which of course they are in some areas, but no doubt in others there is further to fall...
(actually whisper this, but it's happening back in UK too. Which is good news in long run as it will help first time buyers).
Jul 5th 2012, 5:19 pm
#9
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Re: I won't buy in Spain until I can buy a house for £20,000
I won't buy in Spain until I can buy a house there for £20,000. This is the target I have set myself but is this realistic? With the deteriorating economic situation in Spain that seems to be getting worse by the day and the likelyhood that Spain will drop out of the Euro and adopt the Peseta resulting in an instant devaluation of the Peseta of fifty percent resulting in a fifty percent drop in house prices then one would expect that one day you could realistically be able to buy a house in Spain for as little as £20,000 pounds sterling.
Currently unemployment in Spain stands at 24% and youth unemployment at 40% but in reality the true figures are double those that have been reported with a true figure for unemployment in spain being more like 48% and youth unemployment being 80%.
Given such dreadful economic statistics and that Spain's economy just seems to be getting worse by the day then could it be possible that one day, some five to ten years from now, that you could buy a house in spain for as little as £20,000 pounds sterling?
Currently unemployment in Spain stands at 24% and youth unemployment at 40% but in reality the true figures are double those that have been reported with a true figure for unemployment in spain being more like 48% and youth unemployment being 80%.
Given such dreadful economic statistics and that Spain's economy just seems to be getting worse by the day then could it be possible that one day, some five to ten years from now, that you could buy a house in spain for as little as £20,000 pounds sterling?
Jul 5th 2012, 5:53 pm
#10
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Re: I won't buy in Spain until I can buy a house for £20,000
There are barrios marjinados in the UK too but I won't mention them here in case I get hate mail. If you're flexible with your retirement hopes for a 20K house, you'll find quite a decent one in Poland, two of them for that price in Romania, or a line of mud huts in Uganda.
Jul 5th 2012, 5:55 pm
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Jul 5th 2012, 6:24 pm
#12
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Re: I won't buy in Spain until I can buy a house for £20,000
Jul 5th 2012, 7:50 pm
#13
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Re: I won't buy in Spain until I can buy a house for £20,000
It's all your fault, you should be ashamed of yourself.
My wife is just as fallible. She thinks she knows it all. Yesterday we were looking for a street called Rambla Juan Mateo. We differed in the pronunciation of the last word.
She asked around four people in her impeccable Spanish and they didn't know where it was. I asked an old boy in my pronunciation and he said it was two streets away.
My wife is just as fallible. She thinks she knows it all. Yesterday we were looking for a street called Rambla Juan Mateo. We differed in the pronunciation of the last word.
She asked around four people in her impeccable Spanish and they didn't know where it was. I asked an old boy in my pronunciation and he said it was two streets away.
Jul 5th 2012, 10:11 pm
#14
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Re: I won't buy in Spain until I can buy a house for £20,000
I won't buy in Spain until I can buy a house there for £20,000. This is the target I have set myself but is this realistic? With the deteriorating economic situation in Spain that seems to be getting worse by the day and the likelyhood that Spain will drop out of the Euro and adopt the Peseta resulting in an instant devaluation of the Peseta of fifty percent resulting in a fifty percent drop in house prices then one would expect that one day you could realistically be able to buy a house in Spain for as little as £20,000 pounds sterling.
Currently unemployment in Spain stands at 24% and youth unemployment at 40% but in reality the true figures are double those that have been reported with a true figure for unemployment in spain being more like 48% and youth unemployment being 80%.
Given such dreadful economic statistics and that Spain's economy just seems to be getting worse by the day then could it be possible that one day, some five to ten years from now, that you could buy a house in spain for as little as £20,000 pounds sterling?
Currently unemployment in Spain stands at 24% and youth unemployment at 40% but in reality the true figures are double those that have been reported with a true figure for unemployment in spain being more like 48% and youth unemployment being 80%.
Given such dreadful economic statistics and that Spain's economy just seems to be getting worse by the day then could it be possible that one day, some five to ten years from now, that you could buy a house in spain for as little as £20,000 pounds sterling?
if you are looking for a 250sqm house with 5 beds, 5 baths, pool, double garage, 3 or 4 terraces in a couple of acres - well you will never be coming here.
Jul 5th 2012, 11:01 pm
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