hrothgar

So not on page 3 then?
Spent last month with 'Er indoors on the Costa del Sol looking at propertiies. Everything vastly overpriced. Some had been on the market for years. (serves them right for being greedy) So this can only be good news. Will await developments before another expedition.

Big Pete

What and you think there will be no more increases ?
we shall see my waters normally pretty good

SoJohn

hehe, who know. But they usually only but up by a quarter of a percent each time. It will go up next time, for sure. I think then it will start to go down over the next year though.

We will test your feeling against mine

jdr

People who have borrowed 6 x earnings will be well in the S H.
I seem to remember 14 % at one time ?

big wheels

That was when we bought our house. There were so many bills behind the clock that it fell off the mantlepiece

Don't know they're born today

Cape Blue

I love looking at websites like that - shabby soulless properties with low ceilings, small rooms, thick walls made of mud and wellington boots, damp, no utilities, you name it.

They all look great on on the website, really top value. And then you buy one and realise what a complete money-pit it is and how you would have been better off starting with a bit of flat ground.

Damn, I was almost booking a flight to go and look at some.

Rocky Balboa

Hello all, 1st post

Some news:

Property prices in Málaga province rose by an average of 6% in the first quarter of this year, which is only half of the average increase in the same period of 2006. Figures just released by the Ministry of Housing show that the average price of new property in Málaga city is now 2,247 euros per square metre, which is 6.7% higher than at the same time last year.

The most expensive area for property continues to be Marbella, where a purchaser of a brand new property can expect to pay an average of 2,852 euros per square metre. Prices have risen considerably in the expanding areas of Rincón de la Victoria and Vélez-Málaga, by 12.5% and 14.6% respectively, but dropped by 1.2% in Benalmádena to an average of 2,578 euros per square metre, and also fell by 2.5% in Ronda.

GCM

I think it's a question of using common sense. If you want to buy in Spain then buy - people have been talking about prices crashing for at least two years - and so far nothing - same for the UK too.

However - if you are buying for investment then do your sums - what rate of return are you going to get - I'll bet you may be better off parking your money in the bank - and consider what would happen if rates went up another 2% - could you cope then?

Remember that nobody really knows what is going to happen in the future so make your OWN mind up.

Mark

Charles_Austin

The most amazing thing is that there are a large number of people who through prices were going to keep on rising forever...

Rosemary

Report from MSM today on the British housing market.

.....Economists don't expect the mini boom seen over the last few years to continue. The Financial Services Authority has recently been talking about a 20% fall in house prices.....

Seems that this 20% is a popular figure. If we listen to the "experts" our properties, no matter where they are, should be falling in price.
Graham.

Rocky Balboa

You can go all the way back to 2001 and the UK press were full of a housing market crash. I still know people now who didn't buy then and are still waiting for a pullback. Even if the market pulls back 30/40% it will still be higher than it was 4 or 5 yrs ago.

Casa Santo Estevo

Not all houses up here are made of Wellington boots!
A traditional house is a lot better built than a modern chalet type of thing, with concrete floors and hollow brick walls. Just right to carry sound and virtually no insulation. Give us a wall of 2 feet think stone any day. Then you may have a problem with the thing being illegally built. At least with a traditional house, anywhere in the country, means that they are official.

Still each to their own.

cmorgy

If you are looking for long term investment now may be the time to buy, just purchased last week. Price started at 375k agreed on 300k. I think the bargains will be snatched up quick. We bought off a German family, fully furnished inc the 100cc scooter and about 20k worth of other gear. They are trying to shift their second homes due to taxes brought into Germany last year, so keep an eye open for this.

Agree with others regarding looking for short term investments.

Packing up and moving out in June, thank god.

tim hortons man

found this today

http://www.telegraph.co.uk/global/ma...6/wspain26.xml

Spanish properties are (will be shortly) bargins in the sun

Big Pete

What area was that in ?