Ivan was right!
Sep 8th 2008, 2:41 pm
#1
Forum Regular
Thread Starter
Joined: Oct 2007
Location: Gold Coast
Posts: 32
Ivan was right!
Sep 29th 2005, 11:55 am #1
ivanmax
Member
Joined: Sep 2005
Posts: 23
Don´t buy property in Spain or you will lose a lot of money
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I am Spanish and lived in Britain for five years (went to college there). My advice:
DON´T, DON´T, DON´T BUY PROPERTY IN SPAIN!!!
We got a huge housing bubble here and it is about to burst. If you want to invest in property go to Croacia (nice weather and people), Turkey or anywhere else.
There is a huge housing problem in my country and things are going to get very nasty in the next years. If you buy a property in Spain you will be losing money and I suppose you don´t fancy that do you?
By the way, I bought a nice massionete in Southampton in 1999 for 52000 pounds. The same kind of property here cost about four times the price and it is built with the crappiest materials in the Earth (the guys who build the houses in Spain only care about making money quickly).
Buy yourself a house in my beautiful country and you regret having done it in less than two years. Prices are going down for sure. It can not be otherwise in a country where the average salary is 600 pounds (monthly) and a one bedroom flat can go easily for 250000 pounds.
Take my advice and put your money somewhere else.
A nice Spanish man,
Iván.
ivanmax
Member
Joined: Sep 2005
Posts: 23
Don´t buy property in Spain or you will lose a lot of money
--------------------------------------------------------------------------------
I am Spanish and lived in Britain for five years (went to college there). My advice:
DON´T, DON´T, DON´T BUY PROPERTY IN SPAIN!!!
We got a huge housing bubble here and it is about to burst. If you want to invest in property go to Croacia (nice weather and people), Turkey or anywhere else.
There is a huge housing problem in my country and things are going to get very nasty in the next years. If you buy a property in Spain you will be losing money and I suppose you don´t fancy that do you?
By the way, I bought a nice massionete in Southampton in 1999 for 52000 pounds. The same kind of property here cost about four times the price and it is built with the crappiest materials in the Earth (the guys who build the houses in Spain only care about making money quickly).
Buy yourself a house in my beautiful country and you regret having done it in less than two years. Prices are going down for sure. It can not be otherwise in a country where the average salary is 600 pounds (monthly) and a one bedroom flat can go easily for 250000 pounds.
Take my advice and put your money somewhere else.
A nice Spanish man,
Iván.
I guess he was right ....i wasn't a member then!!
but would i have listened?Probably not.... and a lot of people didn't agree with him either.
We've escaped to Oz but our property sits waiting for buyers...anyone interested can PM me for my own property website in Coin, Andalucia....you never know!
Traysi
Sep 8th 2008, 4:26 pm
#2
Concierge
Joined: May 2006
Location: ex ex-pat, in Taunton
Posts: 27,205
Re: Ivan was right!
If you had bought in the UK or any other part of Europe, you would have been in the same boat, in fact in some areas of Europe even worse off as the los cost airlines cancel fights and routes. The USA isn't any better with the government having to take over the major mortgage companies.
Sep 8th 2008, 4:38 pm
#3
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Ivan was right!
Yes you could have said that about any country.
Hes only right, as has been said oh so many times, if you are trying to make a fast buck. Otherwise things will progess as normal in the fullness of time
Hes only right, as has been said oh so many times, if you are trying to make a fast buck. Otherwise things will progess as normal in the fullness of time
Sep 14th 2008, 7:54 pm
#4
Forum Regular
Joined: Jan 2005
Location: Madrid
Posts: 206
Re: Ivan was right!
I guess he was right ....i wasn't a member then!! but would i have listened?
Probably not.... and a lot of people didn't agree with him either.
We've escaped to Oz but our property sits waiting for buyers...anyone interested can PM me for my own property website in Coin, Andalucia....you never know!
Traysi
but would i have listened?Probably not.... and a lot of people didn't agree with him either.
We've escaped to Oz but our property sits waiting for buyers...anyone interested can PM me for my own property website in Coin, Andalucia....you never know!
Traysi
Don't make the mistake that that a small percentage of the entire possible market is representative.
