Originally Posted by jojo

thanks guys, I appreciate your time and knowledge, its all way above my head at the mo, but I'm learning! All I know is that our house in the UK is dropping in value, the house in Spain is dropping in value and the exchange rate is "pants"!!

When we first decided to move to Spain last September, we put our UK house on the market and looked in Spain at houses of roughly the same kinda value. The UK house wouldnt sell eventhough we dropped it significantly and we're now seeing the same properties we were looking at to buy in September still on the market and they are at least 50,000 - 100,000+ euros cheaper!!

If we were to sell our UK house on the open market, it would take months to sell and I'm not sure we'd get a good deal as the market seems to be in mid crash The same seems to be the case in Spain. These friends have had their property on the market since September too, they've reduce the price and are now getting desperate (they have family issues in the UK). Anyway, my point is that I'm not sure anyone knows how to decide what the true value of either property is right now!?! I think I'm safe in saying that niether property is gonna go up!