The truth is no one knows the future.

The second truth is, that markets are cyclical, ie. they go up and down

The third truth is each day we get older.

So in answer to your question. Buy now and worry if there is a crash around the corner when you are enjoying the sun and going down the beach. Then it goes down 10% or 15%, but it is not in my opinion going to go down 50%, that is not going to happen.

200k sterling to be on the beach in denia a villa, well that is pretty tough, 300k sterling, to be on the beach will not happen either, if you have a million euro, you can be on the beach, apartments on the beach are 200 250k euros, so villas front line, forget it.

200k buys you a plot euros in denia, maybe you can get one at 150k further out.

The truth is, if someone wants to sell they may drop the price, but no one other than that wants to. People today will want more money tomorrow, if they get it it is another thing. Spain and the uk are very tightly correlated, and sales may go down, but prices, have dropped off about 10% over the last year, but will they go down, probably level off, maybe go down 5% more, maybe at a push 10% but people will just hold the property and give it to family etc, there is no point unless you are strapped for cash to sell.

New financial products arrive in Spain as well so people can release equity in house etc and continue to live in it, so 50% crash, we shall see, I see a gentle downward glide then it will gain wind again. This is probably one of the best places in the world to permanently live. Why sell cheap?

The more people who come and see how nice it is, the more people will come and see how nice it is? maybe in Torrevieja the prices can go down, but here, Denia. Cant see it personally. It is too nice.