Working from Spain - good idea?

[northernladuk]

So to be clear - You paid 300K EUR for a flat and you can rent out for 600EUR a month?

Can you find someone for 600 EUR a month or is it vacant at the moment

On and off, ex pats moving around because they can, people working in and out of area and so on.

[fullyautomatix]

Sounds exactly the same as me but I paid twice that for 3 bed split level penthouse and same with crystal ball. We are still trying to sue our now bust developer for outstanding ground rent and half the community is owned by the bank.

The flats are only worth what people are willing to pay and that is nothing right now. You might get stupidly lucky to get a buyer if you put the cost as something stupid, and I am talking 50% less than anything else in the area.

Rents are way below the mortgage rates etc. It is a bit of a disaster out there at the moment. The only thing to do is to budget for the worst and wait it through. It can't get any worse so just wait for the good times... which could be 10 years away.

Rents for mine at the moment are around £600 a month if you can find someone.

Bloody hell! From what you describe it sounds like an idyllic place near to the beach etc. But you say prices have crashed ?
How has that happened ? Why did the demand drop ? How can really bad areas in UK like Middlesborough for example have got house prices at an obscene level when prices for your flat has crashed ? It makes no sense.

In US the prices crashed because people handed over the keys to the bank since the bank owned the deeds. Is it the case in Spain ?

[northernladuk]

Bloody hell! From what you describe it sounds like an idyllic place near to the beach etc. But you say prices have crashed ?
How has that happened ? Why did the demand drop ? How can really bad areas in UK like Middlesborough for example have got house prices at an obscene level when prices for your flat has crashed ? It makes no sense.

In US the prices crashed because people handed over the keys to the bank since the bank owned the deeds. Is it the case in Spain ?

Everything you can think of went wrong. Take your pick.
Far too many built in a short time. The entire coastline from Gib to Banus and futher was just a sea of cranes.
Euro was 50p so very attractive. Euro hit £1 about time they were finished so twice as exensive so people can't afford
Spain nearly went bust
Spain had it's own housing crash
Arse fell out of the world economy
Disney pulled out of what ever was rumoured to be built there
Manilva mayor got arrested for taking bungs for giving licences out or something
yadda yadda

[Antman]

Should have never left Benidorm.

[portseven]

consideri

considering working from spain for 3-4 weeks this summer - at 600 a month the place sounds a good deal

whats the area like?

[northernladuk]

considering working from spain for 3-4 weeks this summer - at 600 a month the place sounds a good deal

whats the area like?

Its very nice. All around Estapona to Gib area is very scenic and cheap. 600 will be for 3 bed penthouse. 2 bedder would be even cheaper. There is the small port of Dequesa round there if you like the port life or plenty of hillside accomodation if you like it quite. Banus is 20 mins away to have a big night out. Malaga at worst is 1hr -1.5 hours away etc. Gib 15 mins, get to north africa on a catamaran in an hour for a trip.

Monarch flights £39 return if you book at the right time. Fill yer boots I say.

3 gold courses in spitting distance including Valderma (if that is how you spell it)

[portseven]

Its very nice. All around Estapona to Gib area is very scenic and cheap. 600 will be for 3 bed penthouse. 2 bedder would be even cheaper. There is the small port of Dequesa round there if you like the port life or plenty of hillside accomodation if you like it quite. Banus is 20 mins away to have a big night out. Malaga at worst is 1hr -1.5 hours away etc. Gib 15 mins, get to north africa on a catamaran in an hour for a trip.

Monarch flights £39 return if you book at the right time. Fill yer boots I say.

3 gold courses in spitting distance including Valderma (if that is how you spell it)

Sounds alright, wife would probably want a villa with pool but will have a scout round anyway

[northernladuk]

Sounds alright, wife would probably want a villa with pool but will have a scout round anyway

Believe me there are more than enough so can afford to take your pick. If you do decide to go ahead drop me PM with your ideas and I will see if my contacts over there know the block or area you are looking at.

[portseven]

Believe me there are more than enough so can afford to take your pick. If you do decide to go ahead drop me PM with your ideas and I will see if my contacts over there know the block or area you are looking at.

Cheers - Will check the water with $ClientCo first (there's me assuming i am still there by the summer! ffs)

[mrdonuts]

considering working from spain for 3-4 weeks this summer - at 600 a month the place sounds a good deal

whats the area like?

where are these villas advertised ?