Wed. ITV. 9pm. Spain - Paradise Lost. About Brits/Housing Market in Spain

hearts

Conrad wrote: »

Around 2005 I was a daily contributor to the property abroad section of CH4's forum.

I had this real bee in my bonnet about only buying in places that had not had a boom, namely Germany and N Morocco.

In particular I argued Spain and Dubai were to be avoided as they had experienced a medium to long term boom.

As you might imagine I was soon branded a troll and a thread wrecker, simply because I disagreed with the consensus view.

The Dubai buyers in particular were fierce and kept questioned why I was such a gloom head, and that if I had nowt positive to say, I had no place in the discussion.

That really does demonstrate the power and blindness of crowds.

People here only what they want.
My name on there was Thorr

I don't think Germany or Morocco worked out too well either ;-)

PasturesNew

I was tired ... I fell asleep before the first half had finished ... and woke up to see the last 2 minutes. Not seen it yet.

JanCee

I expected to be shouting at the TV when this was on, at the sheer stupidity of the people involved, but actually I felt really sorry for them. The poor pensioner shovelling sh*t every time it rained well my heart went out to him.

A few years ago we went on holiday to Estapona, which was one of the areas mentioned in the programme. Whilst we were staying in a fairly well established area, parts of it were a massive construction site, a bit like a mini Dubai. It didn't take a genius to work out that it wouldn't take much of a downturn in the market for them to struggle to sell property on such a massive scale.

bo_drinker

PasturesNew wrote: »

I was tired ... I fell asleep before the first half had finished ... and woke up to see the last 2 minutes. Not seen it yet.

Don't bust a gut, it's misery beginning to end. If I want to see that much misery I would watch Eastenders

Mozette

chucknorris wrote: »

I might be being niave here but I have heard that the Spanish do not dislike the Brits because they have reputation of not being scroungers like some other nationalities that have gone to live there.

I would be very interested to know if this is true or not, does anyone know from personal experience (I don't mean from a 2 week holiday I mean from living there)

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

I had relatives who moved to Spain eons ago, before it was fashionable. 90% of the Brits there want Little England with better weather, they fail to realise that they are the immigrants, not the Spanish, who they despise.

The Spanish hate most of them with good reason; they like the ones who make a genuine effort like, ooh, learn Spanish and don't swan about like they own the place.

Now of course it's gone t1ts up and half of them want to come 'home' but can't. Serve them right, vile racist scumbags.

(I don't mean everyone who lives in Spain, but where I'm talking about, well; makes me ashamed to be British)

fc123

bo_drinker wrote: »

Don't bust a gut, it's misery beginning to end. If I want to see that much misery I would watch Eastenders

'I am off to watch in a min.......OH' s stepfathers parents settled out there many years ago...loved it but sold and came back to UK about 2003/4 due to poor health and preferring the NHS. I think they had a lucky escape.

EdInvestor

Pobby wrote: »

I thought I had it sussed. Buy outright on a non new build. Keep somewhere cheap in the U.K. and pensions would enable us to live well. Never factored in the crash with the pound. Anyway, my wife has gone off the idea.

Almost right: but rent, don't buy in Spain, and keep the extra capital saved/invested to top up your pensions in the event of something unexpected happening, such as exchange rate volatility.

In Spain you can get a longer lease than here, so the big downside of UK renting - no security of tenure after 6 months - isn't a problem.

Conrad

hearts wrote: »

I don't think Germany or Morocco worked out too well either ;-)

Germany we get about a 20% yield - welcome income in these times and high tenant demand, oddly enough much of which is Polish.

Morocco - working out nicely now that companies such as David Lloyd have signed contracts to manage the properties on the best development in the Med with NO competition (unless you now of a safe secure site with onsite 6km sand beach, largest most modern marina in Med on site, 3 gold courses onsite and a no further build Royal decree, 8 top hotels onsite - free year round marketing for villa owners, onsite large hospital, built in a nature reserve miles from anywhere, GUCCI, Armani and dozens of other high end outlets onsite). Far superior to sites like LAMANGA in Spain which is inland with no marina and a tiny sh1tty beach a few miles away.

Pobby

EdInvestor wrote: »

Almost right: but rent, don't buy in Spain, and keep the extra capital saved/invested to top up your pensions in the event of something unexpected happening, such as exchange rate volatility.

In Spain you can get a longer lease than here, so the big downside of UK renting - no security of tenure after 6 months - isn't a problem.

Cheers Ed. Something I have looked at.

Pobby

EdInvestor wrote: »

Almost right: but rent, don't buy in Spain, and keep the extra capital saved/invested to top up your pensions in the event of something unexpected happening, such as exchange rate volatility.

In Spain you can get a longer lease than here, so the big downside of UK renting - no security of tenure after 6 months - isn't a problem.

Cheers Ed. Something I have looked at.