Spanish property crash has begun...
Apr 26th 2007, 9:02 am
#16
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Spanish property crash has begun...
This property "boom" has been going on for 14 years. By the law of averages the market is bound to take a hit at one time or another. Property is an investment, but its also your home. You say you want to hang on to it for a couple of decades ... its a long term investment and whos to say what the market will be then?
But its the same as any investment. If you invested your money in stocks and shares your investments could shrink and grow at alarming rates also. You only have to look back over the last 20 years!
If you were looking at a short term investment I'd say cop out now and maybe rent. But you're not, and although I have no crystal ball I can tell you that one of the main reasons I'm here now is because of profits on property over the last 26 years, and that was after two "crashes"
Tim Horton: You're right about the ramifications of a crash for economy ...... the building industry is a big part of GNP apparantly now, and if that stops because of lack of demand then it will cause problems
But its the same as any investment. If you invested your money in stocks and shares your investments could shrink and grow at alarming rates also. You only have to look back over the last 20 years!
If you were looking at a short term investment I'd say cop out now and maybe rent. But you're not, and although I have no crystal ball I can tell you that one of the main reasons I'm here now is because of profits on property over the last 26 years, and that was after two "crashes"
Tim Horton: You're right about the ramifications of a crash for economy ...... the building industry is a big part of GNP apparantly now, and if that stops because of lack of demand then it will cause problems
Apr 26th 2007, 12:24 pm
#17
Concierge
Joined: May 2006
Location: ex ex-pat, in Taunton
Posts: 27,205
Re: Spanish property crash has begun...
Crashes happen in the UK property market every so often as well, but then they pick up and forge ahead, last UK crash was only really a drop in price increase rate for a few months. Only people who should worry are those buying as an investment, not those buying as a home.
Apr 26th 2007, 12:27 pm
#18
Forum Regular
Joined: Jan 2007
Location: Galicia
Posts: 264
Re: Spanish property crash has begun...
The good news is you don't need to buy tomorrow to avoid a huge price increase. I would expect to see a decline of 25-30% in house prices over the next few years. The simple fact is there are too many NEWproperties chasing too few buyers. As I see articles I'll post them.
Again property is all about location location location
Again property is all about location location location
........what you talking about Ice Cream 
Never seen it in my lifetime & I started in the property game in the 60's
Apr 26th 2007, 4:59 pm
#19
Forum Regular
Joined: Mar 2007
Posts: 40
Re: Spanish property crash has begun...
Daily star today reads; up to 250,000 brits with homes inspain face a massive slump in prices because of too much building. panic selling of shares in property firms hit the spanish markets yesterday.economists warned..this is not good news for uk investers. I am afraid I am not well up on shares .but just thought I would share this with you. janet news at 6 from up north.england.
Apr 26th 2007, 5:01 pm
#20
MODERATOR
Joined: Mar 2007
Location: Costa Valencia
Posts: 14,797
Re: Spanish property crash has begun...
Daily star today reads; up to 250,000 brits with homes inspain face a massive slump in prices because of too much building. panic selling of shares in property firms hit the spanish markets yesterday.economists warned..this is not good news for uk investers. I am afraid I am not well up on shares .but just thought I would share this with you. janet news at 6 from up north.england.
Rosemary
Apr 26th 2007, 5:07 pm
#21
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Spanish property crash has begun...
Daily star today reads; up to 250,000 brits with homes inspain face a massive slump in prices because of too much building. panic selling of shares in property firms hit the spanish markets yesterday.economists warned..this is not good news for uk investers. I am afraid I am not well up on shares .but just thought I would share this with you. janet news at 6 from up north.england.
Apr 26th 2007, 5:18 pm
#22
Forum Regular
Joined: Jan 2007
Location: Galicia
Posts: 264
Re: Spanish property crash has begun...
The whole of Spain is not expensive though and Galicia is still gaining ,can't get any lower than this have a look www.galiciavista.com
The good thing about any slump is that it will get rid of all the sharks who are out there waiting to snatch your hand off
The Spanish paper that I read has said in today's edition that those large developers on the bolsa have gone up by 0.75% at close of play yesterday
It's nearly as much fun when that dickhead Gordon buffon Brown sold off the gold reserves of the U.K. all he did because of his lack of any brains & knowledge was cause a sharp drop in the price of gold
If he had dribbled the reserves out slowly nothing would have happened, and now look at what it has cost the country what a prat he is
The good thing about any slump is that it will get rid of all the sharks who are out there waiting to snatch your hand off
The Spanish paper that I read has said in today's edition that those large developers on the bolsa have gone up by 0.75% at close of play yesterday
It's nearly as much fun when that dickhead Gordon buffon Brown sold off the gold reserves of the U.K. all he did because of his lack of any brains & knowledge was cause a sharp drop in the price of gold
If he had dribbled the reserves out slowly nothing would have happened, and now look at what it has cost the country what a prat he is
Apr 26th 2007, 5:22 pm
#23
RETIRED ;-))
Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
Re: Spanish property crash has begun...
The whole of Spain is not expensive though and Galicia is still gaining ,can't get any lower than this have a look www.galiciavista.com
The good thing about any slump is that it will get rid of all the sharks who are out there waiting to snatch your hand off
The Spanish paper that I read has said in today's edition that those large developers on the bolsa have gone up by 0.75% at close of play yesterday
It's nearly as much fun when that dickhead Gordon buffon Brown sold off the gold reserves of the U.K. all he did because of his lack of any brains & knowledge was cause a sharp drop in the price of gold
If he had dribbled the reserves out slowly nothing would have happened, and now look at what it has cost the country what a prat he is
The good thing about any slump is that it will get rid of all the sharks who are out there waiting to snatch your hand off
The Spanish paper that I read has said in today's edition that those large developers on the bolsa have gone up by 0.75% at close of play yesterday
It's nearly as much fun when that dickhead Gordon buffon Brown sold off the gold reserves of the U.K. all he did because of his lack of any brains & knowledge was cause a sharp drop in the price of gold
If he had dribbled the reserves out slowly nothing would have happened, and now look at what it has cost the country what a prat he is
.
Apr 26th 2007, 5:24 pm
#24
Forum Regular
Joined: Mar 2007
Posts: 40
Re: Spanish property crash has begun...
It was not on the financial page.was on page 31.
Apr 26th 2007, 5:31 pm
#25
Forum Regular
Thread Starter
Joined: Aug 2005
Posts: 139
Re: Spanish property crash has begun...
) He will read all your replies later and be cross I said that! (Sorry mr teapot).
Apr 26th 2007, 5:33 pm
#26
Forum Regular
Thread Starter
Joined: Aug 2005
Posts: 139
Re: Spanish property crash has begun...
Daily star today reads; up to 250,000 brits with homes inspain face a massive slump in prices because of too much building. panic selling of shares in property firms hit the spanish markets yesterday.economists warned..this is not good news for uk investers. I am afraid I am not well up on shares .but just thought I would share this with you. janet news at 6 from up north.england.
Apr 26th 2007, 5:33 pm
#27
Forum Regular
Joined: Jan 2007
Location: Galicia
Posts: 264
Re: Spanish property crash has begun...
I am sure we could have helped him out sin problema
Janet57,
In my paper it's on page1,42 & 43
Apr 26th 2007, 8:10 pm
#28
Banned
Joined: Feb 2007
Location: Hoping to get away from UK to Spain
Posts: 1,826
Re: Spanish property crash has begun...
This property "boom" has been going on for 14 years. By the law of averages the market is bound to take a hit at one time or another. Property is an investment, but its also your home. You say you want to hang on to it for a couple of decades ... its a long term investment and whos to say what the market will be then?
But its the same as any investment. If you invested your money in stocks and shares your investments could shrink and grow at alarming rates also. You only have to look back over the last 20 years!
If you were looking at a short term investment I'd say cop out now and maybe rent. But you're not, and although I have no crystal ball I can tell you that one of the main reasons I'm here now is because of profits on property over the last 26 years, and that was after two "crashes"
Tim Horton: You're right about the ramifications of a crash for economy ...... the building industry is a big part of GNP apparantly now, and if that stops because of lack of demand then it will cause problems
But its the same as any investment. If you invested your money in stocks and shares your investments could shrink and grow at alarming rates also. You only have to look back over the last 20 years!
If you were looking at a short term investment I'd say cop out now and maybe rent. But you're not, and although I have no crystal ball I can tell you that one of the main reasons I'm here now is because of profits on property over the last 26 years, and that was after two "crashes"
Tim Horton: You're right about the ramifications of a crash for economy ...... the building industry is a big part of GNP apparantly now, and if that stops because of lack of demand then it will cause problems
Couldnt have put it better myself ..A perfect time to buy there as we may get some superb deals
Talking about the Spanish problems i have this feeling in me water !! And nope its not the dodgy Real Ale
But i reckon the UK is about to get hit with a slump i am seeing the signs .. So i am fingers crossed i get my place sold pretty quick before it happens 
Also unless your into Spanish property purely for profits ? does it really matter !! As it will climb back anyways eventually ..
Apr 26th 2007, 8:57 pm
#29
BE Enthusiast
Joined: Mar 2007
Location: Valdovino, Galicia
Posts: 489
Re: Spanish property crash has begun...
Couldnt have put it better myself ..A perfect time to buy there as we may get some superb deals
Talking about the Spanish problems i have this feeling in me water !! And nope its not the dodgy Real Ale
But i reckon the UK is about to get hit with a slump i am seeing the signs .. So i am fingers crossed i get my place sold pretty quick before it happens Also unless your into Spanish property purely for profits ? does it really matter !! As it will climb back anyways eventually ..
Interest rates would need to be around 7.5% for the UK to start having problems. Also take into account, the UK builds less houses than it needs.
Apr 26th 2007, 9:12 pm
#30
Forum Regular
Joined: Feb 2005
Posts: 69
Re: Spanish property crash has begun...
It's nearly as much fun when that dickhead Gordon buffon Brown sold off the gold reserves of the U.K. all he did because of his lack of any brains & knowledge was cause a sharp drop in the price of gold
If he had dribbled the reserves out slowly nothing would have happened, and now look at what it has cost the country what a prat he is
If he had dribbled the reserves out slowly nothing would have happened, and now look at what it has cost the country what a prat he is