Paulwirral said:
zedwheels said:
I shall be off to Spain beginning of March going to take a look at some apartments near Murcia that the banks are selling off
at 60% below original prices so i suppose this helps if it keeps going this way.
Still not sure about buying though the way things are over there but will have a look and see :!:
What would existing owners of property in Spain recommend about buying.
or :thumbsdown:
Buy it because you want it , are going to use it and can afford it , don't bank on holiday let's covering costs . I don't let my house in France at all , but it only costs 2k a year to keep , that's less than most spend on a holiday , or at least that's how I justify keeping it to my missus :rofl:
I'm with this. I own in S. Spain and use it just for myself and family. Don't let and therefore don't have wear & tear, loads of taxation and all the hassle of keys, security deposits, handovers. etc.
If it's an area you like, can see yourself going regularly and have the money spare then do it. We go 4-5 times a year and it costs just a flight and car hire.
60% off peak selling is about right and the € slide will help, but budget on it climbing in a few years.
In the long run a top end property in the right location will make you money, a discounted property in the wrong location will lose money.
Think laterally - are airports open all year, will they close routes? (friends of mine have both those issues)
Furniture is expensive or tat out there so I shipped the lot from the UK for £1,000 and I mean everything from plates to sofa, beds to TV and linen
Get a decent lawyer and you'll be fine, else run real risks...
Check the state of finances if part of a community. Some are in trouble.
Happy to answer question if you want or start a dedicated thread.
ive got a load of €'s in the safe from my last trip - I get caught every time it seems!
