Moses2013

I suppose everyone will have a different opinion and experience. If property in Spain wasn't a good investment nobody would be buying, so that statement doesn't appear to be right.
Especially when it comes to land value and homes near the coast, you rarely see prices drop. With apartments you can build up/more and suddenly have an oversupply, but that won't be the case with land and houses in desirable locations. Buying and selling costs look expensive, though I'd say there will be plenty of people still making a profit with rental income.

https://www.idealista.com/en/news/pr...in-last-summer

Mark604

The figures are regarding a recent increase but do show an improving picture. Not amongst the British though, it mentions the Germans are buying the most now.

missile

I have never regarded the home I live in as an "investment".

Fredbargate

My money is here or in a previous issue:-
GIBRALTAR SAVINGS BANK
10 YEAR FIXED TERM PENSIONER MONTHLY INCOME REGISTERED
DEBENTURES
Redeemable at Par on 1st July 2031
(Interest fixed at 5% per annum)
Interest payable on the first day of every month
Price of Issue 100 per cent

https://www.gibraltar.gov.gi/treasur...term-pensioner

Also available :-
GIBRALTAR SAVINGS BANK
5 YEAR FIXED TERM MONTHLY INCOME REGISTERED DEBENTURES
Redeemable at par on 1st October 2026
(Interest fixed at 2.5% per annum)
Interest payable on the first day of every month
Price of Issue 100 per cent

https://www.gibraltar.gov.gi/treasur...xed-debentures

Moses2013

That's what I thought and now times have changed. Even if your intention was to have a home, it's still an investment if we like it or not.
Maybe not always a good investment financially but if you feel at home it must of been a great investment emotionally.
Regardless if the value drops, you still need a roof over your head and rents are not free either.

missile

Using your analogy, my wife and kids would be called a poor investment - they are expensive to maintain :-)

agree_to_disagree

Send them both out to get part-time jobs, so they earn their keep...

Barriej

To be honest Ive never been in the position where I have 'extra' just laying around.
Ive always had the philosophy of earn it, spend it, enjoy it.
Have no idea when I will shuffle off and I aint leaving anything for the kids to waste and the tax man can sod off as well.

Taking early retirement and moving before Brexit left me with an eight year hole in my financial plans. But hey ho. Could be sat in cold old Shoreham but Im not.

Ive also splurged on a 'classic' car that is now worth more than I paid for it and I get to fly around the countryside (ok its a Mini Moke, so the 998cc isn't that fast) but its bloody good fun.
Doing this has dropped my future finances back a couple more years, but I don't care, there is food in the fridge (the odd beer) we can go out when we want, as long as its only in small bars...
The flat we are in has dropped in value due to the bank that owns one of the other blocks, is knocking out one bed flats for €40,000. Bloke round the corner has dropped his two bed to €76,000 and still can't sell.

If you want something to invest in Classic Cars are one thing, a mate in the Uk has now got six and he reckons the returns on them will be pretty good, they are stored inside and he can drive them when he wants.
Although the posh ones are just sitting there gaining value.
He has a MK1 Escort Mexico in showroom condition, A Lotus Carlton and a couple of very early VW Beetles. He only drives the Beetles as the Carlton is worth around £100,000 now.

My old MK2 Cortina 1600E series 1 that I sold in 2017 for £6,000 reappeared after a restoration last year for £25,000 and sold for that as well. I paid £500 for it as it was a non runner originally in 2010.

A very early Mini Moke that was used in the Prisoner and was seen on screen with its original number plate (they had TAXI on them most of the time, recently went for £69,750. And when you consider that its been rebuilt possibly with a new chassis, subframes and an engine overhaul not much of the original car exists. A full rebuild would be about £20,000

https://www.silverstoneauctions.com/...oner-mini-moke

Moses2013

And you are the best investment for them.

bobd22

I would agree with BarryJ re classic cars being a good investment or in my case classic motorbikes. I had a few in the UK and they always went up in price considerably with the added enjoyment of riding them. Unfortunately here in Spain I have no where to keep one. In the UK the other benifit of owning classic vehicles is they are not considered part of one's wealth for any means testing etc.

Barriej

They are not included in your assets here either. I asked the accountant before I got the Moke. Not that Im ever planning on selling (although the kids might)
If asked by the taxman you just have to show that they have been driven and kept fully road legal.
The comment was the same as if you had a stamp collection or vinyl records (which I do as well). They are just your goods and chattels (one of my favourite words that one)


Inheritance tax on the other hand may come into it (but I will be dead and it wont be my problem)

Albir_Tom

If anybody was watching Telecinco noticias this morning you may have seen the report they did on inflation compared to Portugal, Spain’s inflation is rising at nearly double the rate of Portugal, milk, barra de pan and something else I can’t remember what it was, €1.06 in Portugal and was nearly €2 in Spain.

agree_to_disagree

It was the lock down what done it, if I can use that expression.

Lots of middle aged chaps wishing to relive their youths, with money burning holes in their pockets, were lets loose when the lock down ended. That is why classic cars have rocked. Also, second hand car market has done the same as nobody wants to get on public transport with Covid still amongst us. When it comes to buying a classic car, that ship has already sailed...

Going back to the kebab, I am looking at a 20% dissolution of the real value of my cash in next to no time, if I don't invest soon.

bobd22

Classic vehicles have been fantastic investments for many many years before Covid?

bolton wanderer

Buy a Kebab shop? Bricks & mortar + a source of (expanding) income.