missile

https://uk.finance.yahoo.com/news/25...070633166.html

Fredbargate

The video at the bottom of that article says a lot

stuboy

It seem a fairly accurate picture of what is happening.

They had the villa on the Market for 250k euros in 2012 it doesn't say what they bought it for 10 years or so earlier.

Casa Santo Estevo

Read though this thread.
Post one Gives a link to one article.
Post two from me suggests the torygraph article reads like some sort of advert.
I also added in post 30 a link to this article.
So maybe the original link was advertising.

lutonlad

Sounds about right.
We bought our holiday home for approx £82k in 2003.
At the peak of 2007, some sold for £165k - so about double.
If we sold now, I reckon we'd get £80k - about what we paid for it.

I've used £ equivalent for comparisons.

andyrich666

I know you might not have seen it coming, but did you ever consider selling it at its peak ?

I saw a banana skin happening tonight and you could have sold it tonight for 80k lumped it on Real Madrid and you would have won 360k !

rugbymatt

So ****ing what? I mean, seriously, is the fact that a UK newspaper has some gripe about Spain and it's situation really that important? Do people not have better things to worry about? Is this it? Is this the sum total of peoples worry?

agoreira

I'd have thought so as well, perhaps the OP can tell us what he finds to be untrue about the article. It's not a pleasant situation to find yourself in, property hugely devalued, but that's the reality if the situation. The Spanish press, to it's credit, doesn't duck these issues, they tell it how it is, their articles can de a lot more damning than this one.

Fred James

I think that's spot on. Take the highest value you ever thought your property was worth at the peak of the market and then halve it.

It seems to give a pretty accurate figure.

It also suggests that if you bought more than 10 years ago you might just still be in profit.

missile

What am I supposed to be advertising?

Where did I say I thought it was untrue? I thought it was interesting and thought others might find it so too

stuboy

I can't remember in which thread I predicted that RM would beat BM and that Chelsea would beat AM.

Did win a few quid tonight tho!

Let's hope Mourinho delivers tomorrow and I'll be quids in

HBG

Taking 2007 as a starting point, I have personally lost around a third of my British income and my house is worth half of what it was then.

I lived in Spain long before that but any other comparison would be too complicated.

I can understand the sudden exodus of expats, both British and German from Spain for all sorts of reasons but also one of having given it a reasonable six years to recover the realisation that there will be no recovery for a lot longer has sapped any lingering optimism.

90,000 people leaving in one year, and that's official figures, is mind blowing. I've come across one funcionario, a National Police officer, who started the tiny office where deregistering expats had to fill out a form, written by him, stating in their own words their reasons for leaving his lovely country. He used to get angry.

They've closed his office but you can still find him in the little cafe down the road, pissed out of his box at eight in the morning.

andyrich666

Personally I cant see it, I can see At.Mad doing a number tonight, Chelsea like Bayern have no away goals, It will be interesting but Jose's plans could backfire.

Madridboy

Spanish government to face court after policing award given to the Virgin Mary
http://www.theguardian.com/world/201...ary?CMP=twt_gu

Fredbargate

"The country's interior minister, Jorge Fernández Díaz, singled out an icon of the Virgin Mary, in Málaga, to receive the gold medal of police merit – which is normally reserved for police who have died in terrorist attacks."

They couldn't run a P155up in a brewery. No wonder the country is in such a state