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Spain's export boom and economy bouncing back

Spain's export boom and economy bouncing back

Old Oct 20th 2013, 6:56 pm
  #46  
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Default Re: Spain's export boom and economy bouncing back

Originally Posted by steviedeluxe
Nope. We saw other bargain prices around as well. And in a barrio just 3 stops from Sol. You won't get prices like that even in Croydon nor in Peckham.
Maybe you should stop and ask yourself the reason why, though I think sufficient info and links have already been posted regarding the state of Madrid to give you a sizable clue.
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Old Oct 20th 2013, 8:14 pm
  #47  
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Default Re: Spain's export boom and economy bouncing back

My previous link appears not to work.

Hope this one does it's the cheapest I could find at €55,000 for 3 bedrooms.

http://www.remax.es/Piso-Venta-Madri...id_27861005-48

If not just do a search there are 11 flats on the Remax site at under €75,000
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Old Oct 20th 2013, 9:04 pm
  #48  
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Default Re: Spain's export boom and economy bouncing back

Originally Posted by Fredbargate
My previous link appears not to work.

Hope this one does it's the cheapest I could find at €55,000 for 3 bedrooms.

http://www.remax.es/Piso-Venta-Madri...id_27861005-48

If not just do a search there are 11 flats on the Remax site at under €75,000
Good luck to people who want to live in places like that, although I am not sure the people who do live there have much choice..

The same site has around 100 flats for less than 120k in Oviedo which are all similar to this one i.e. an absolute mess where you would be living in conditions that I wouldnt wish on my worst enemy. There is a reason why they are unsellable.

If you look for a modern or reformed flat in a reasonable area then prices become 5-10 times as high

It is difficult to compare with the UK because even the worse council flats there are not as bad as the ones the poorest in Spanish society live in
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Old Oct 20th 2013, 10:26 pm
  #49  
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Default Re: Spain's export boom and economy bouncing back

http://www.youtube.com/watch?v=3K7eICuocw4
lol
Spain produced more cars than France and more wine...
some reasons: salaries reduced (but how low do Germans want it to go???), work flexibility increased
and SPanish banks dont need he says more help... (lol on that).

mmhhh....not sure on the last part. (banks)

at least they say for Spaniards, daily life remains a terrible struggle

they say they only added 2.400 jobs for first semester in auto industry
one could conclude automatization keeps eating jobs, cause theyproduced 600.000 more vehicles than France, who lost 3.000 jobs
quite scary in fact...

as for wine: 46Million of hectoliers vs 45Million for French production
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Old Oct 20th 2013, 11:42 pm
  #50  
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Default Re: Spain's export boom and economy bouncing back

You can pick up old 3 bed 50s and 60s flats in Moratalaz for about €50k these days (or rent one for €450/month). The flats are of poor quality but the area is fine. A 4 bed (120m2) flat in our block in Arganzuela recently sold for €190k - although it needed work. I've seen 3/4 bed flats on the market for about 130k near us - but that's the lowest I've seen so far. The market must be near to the bottom now - for those looking to make a quick buck it's more of a question of when prices will start rising again rather than whether they'll fall much further. Not for at least another 5 years in my opinion, the longer the better really.
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Old Oct 21st 2013, 6:54 am
  #51  
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Default Re: Spain's export boom and economy bouncing back

Originally Posted by sam54140
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at least they say for Spaniards, daily life remains a terrible struggle
For a minority, sure, life is a struggle

For the majority, life trundles along as normal

And for a small minority, life has never been better

The crisis in Spain is hitting the poorest the hardest. Those who had the worst jobs and now dont have any, and young people entering the job market who find that there are no jobs to go to. The majority of people have been forced to take a haircut, but only those who over-extended themselves with debt are really struggling
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Old Oct 21st 2013, 7:06 am
  #52  
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Default Re: Spain's export boom and economy bouncing back

Originally Posted by Dick Dasterdly
Maybe you should stop and ask yourself the reason why [You won't get prices like that even in Croydon nor in Peckham], though I think sufficient info and links have already been posted regarding the state of Madrid to give you a sizable clue.
The biggest driver for house prices in London and its surrounds is the restrictions placed on expansion by the green belt.

That severely restricts the amount of land available for new builds. So with restricted supply and ever-increasing demand, due to the influx of people, prices inevitably go up.
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Old Oct 21st 2013, 7:13 am
  #53  
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Default Re: Spain's export boom and economy bouncing back

Originally Posted by pete_l
The biggest driver for house prices in London and its surrounds is the restrictions placed on expansion by the green belt.
Partly, although the biggest reason as that the UK goverment has incredibly low taxes for house purchases so the world's rich use London as a way of storing their often illegally gotten cash through buying a few properties that they often wont ever live in

Take a walk along the Thames and you can see swarms of apartments built withn the last 15 years that have only a handful of people living in them
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Old Oct 21st 2013, 7:19 am
  #54  
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Default Re: Spain's export boom and economy bouncing back

Originally Posted by cricketman
Partly, although the biggest reason as that the UK goverment has incredibly low taxes for house purchases so the world's rich use London as a way of storing their often illegally gotten cash through buying a few properties that they often wont ever live in

Take a walk along the Thames and you can see swarms of apartments built withn the last 15 years that have only a handful of people living in them
It's rare I agree with you but the scourge of vacant homes is a major problem in the UK, there are thousands of them. There was a brilliant and eye opening program by George Clarke on recently and if just beggars belief that so many are just being left vacant.... and not just in poor or undesirable regions.
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Old Oct 21st 2013, 7:29 am
  #55  
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Default Re: Spain's export boom and economy bouncing back

Originally Posted by cricketman
Partly, although the biggest reason as that the UK goverment has incredibly low taxes for house purchases so the world's rich use London as a way of storing their often illegally gotten cash through buying a few properties that they often wont ever live in

Take a walk along the Thames and you can see swarms of apartments built withn the last 15 years that have only a handful of people living in them
Seems to be a common observation:

http://www.nytimes.com/2013/10/13/op...odus.html?_r=0
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Old Oct 21st 2013, 7:40 am
  #56  
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Default Re: Spain's export boom and economy bouncing back

Spain and the UK are currently in Conservative hands. It means a ruthless economy and bigger rewards for the rich, at the expense of the poor, as it has always done.

The poor, the majority, will vote them out again in a couple of years and the cycle will go on, as it has for years.

I live in coastal, expat, Conservative, wealthy-ish Spain, which has survived the recession much better than many other parts.
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Old Oct 21st 2013, 8:38 am
  #57  
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Default Re: Spain's export boom and economy bouncing back

Originally Posted by cricketman
For a minority, sure, life is a struggle

For the majority, life trundles along as normal

And for a small minority, life has never been better

The crisis in Spain is hitting the poorest the hardest. Those who had the worst jobs and now dont have any, and young people entering the job market who find that there are no jobs to go to. The majority of people have been forced to take a haircut, but only those who over-extended themselves with debt are really struggling
Very true.

I had a conversation with someone who is unemployed on Saturday morning, a man I'd never met before. We got talking as we were commenting on a homeless man who has appeared in the area during the last few weeks, and is literally eating food out of the rubbish bins (the first time I have seen this happening). He is not a drinker, but quite evidently has mental health problems. A few days earlier my OH offered him some money or to buy him a meal at a nearby bar, but he refused saying he wasn't hungry, and the money OH left with the bar owner to feed him later if possible was returned a couple of days later.

The unemployed man was saying it is a scandal as there are so many empty properties and the Government will not let homeless people live in them. He went on to say that he gets only the €426 per month paid to the long term unemployed, "but you can do a lot with that", he said. He had made a large torta (reeled off the list of ingredients which, he said, cost practically nothing) and was taking half of it round to his sister's house. It did look pretty good! If, and it is a big if, people have a roof over their heads and can manage their money well, it seems they can get by on what to most of us would be an unimaginable amount to live on. It's just terrible that they have to, whilst as you say life goes on as normal for most, and the richest just keep getting richer.
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Old Oct 21st 2013, 8:43 am
  #58  
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Default Re: Spain's export boom and economy bouncing back

Originally Posted by Lynn R

The unemployed man was saying it is a scandal as there are so many empty properties and the Government will not let homeless people live in them. He went on to say that he gets only the €426 per month paid to the long term unemployed, "but you can do a lot with that", he said. He had made a large torta (reeled off the list of ingredients which, he said, cost practically nothing) and was taking half of it round to his sister's house. It did look pretty good! If, and it is a big if, people have a roof over their heads and can manage their money well, it seems they can get by on what to most of us would be an unimaginable amount to live on. It's just terrible that they have to, whilst as you say life goes on as normal for most, and the richest just keep getting richer.
Yes Spanish people and the extended families who look after each other are incredibly resilient

Homeless people and those hunting through bins tend to be mentally ill, junkies or both. Just like in the UK.

Those who are particularly vulnerable are the elderly who dont have any family and did not pay enough pension contributions. Thre are not many of them like that, but those that are have noboday and nothing. No lifeline at all
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Old Oct 21st 2013, 1:46 pm
  #59  
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Default Re: Spain's export boom and economy bouncing back

there's a record nr now of jobless spaniards above 30 or 40s y old living now with their pensioned parents. that's a fact
the costa del sol gives a false impression vs the rest of the country.

Lynn: how is the situation where you live ?

Hbg: interesting that Andalucia though is still socialist though .
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Old Oct 21st 2013, 2:12 pm
  #60  
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Default Re: Spain's export boom and economy bouncing back

I must say Lynn that in the past couple of years I have noticed them sat on the main road through Torre when I have been over. OK yes I have seen a good few who appear to be down and out with their cervesa and wine on the front as well. But the ones I have seen on the main road area near to cafe Central don't usually fit the normal beggar type. They seem to be reasonably dressed not drunk or drinking no apparent mental health issues ( but of course who knows). They don't pester anyone and to be honest seem ashamed to be having to beg, they just look down at the ground not at you. No doubt pre this mess they had decent jobs getting by fairly comfortably. Very very sad what the crisis has done to so many people in Europe. My view is the EU has got too big is not what was intended and reality of the implications of being a member of the Euro are realy being felt by ordinary people. What must it be like for the youngsters just starting out in life with little or no prospect of work in their own country and seeing what as happened! it's tragic realy is.
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