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Previously on "Does anybody here own property in Spain ?"
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If you're daft enough to be sucked in by the golfer on the telly that advertises overpriced bedsits with a shared pool then yes they don't look like good value at the moment but Shirley a large sensibly priced house in the country were the Spanish live is still good value?
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Having lived in Spain for over 10 years (and affiliated with it my entire life) I would honestly NEVER buy property there again.
Spanish property laws are stupid and illogical beyond belief and their property market (In holiday areas like the coasts) is permanently stuck in Boom and Bust cycle. And with the increased competition from other Med countries and cheaper flights these days the "bust" times getting longer each cycle and the booms shorter.
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Steer clear
Property prices are and have been falling for a while over there, worst is yet to come. A lot to do with the complete lack of proper legislation as to what is legal and what not. I have personally heard a lot of nightmare scenarios and will never set foot in that country let alone invest there.
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Originally posted by sasguru View PostDon't be a mug. That 9.5% annualised rise consists of 9 months of rising prices followed by 3 months of declining prices. What do you think the trend is and what do you think the annualised figure will be next time this year?
My prediction is -10%.
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Originally posted by beaker View PostThat would be a 9.5% rise over the last 12 months then? Brace yourselves.
Don't be a mug. That 9.5% annualised rise consists of 9 months of rising prices followed by 3 months of declining prices. What do you think the trend is and what do you think the annualised figure will be next time this year?
My prediction is -10%.
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Originally posted by DodgyAgent View Postthere is here
http://www.justice.gov.uk/
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Originally posted by AtW View PostAt least there is no inquisition there.
http://www.justice.gov.uk/
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Originally posted by sasguru View PostIf you have property in Spain, SELL. They are going to have a crash comparable with here.
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If you have property in Spain, SELL. They are going to have a crash comparable with here.
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