Urgent help need for Daily Telegraph article - Page 2

Stravinsky · #11 (**permalink**) 28th May 2008, 10:00 PM

Quote:

Originally Posted by MichelleAlison

I would guess that the main reason for this is that the Brits no longer have the money to buy in Spain since the British banks have now stopped lending.

Michelle

Its not just the Brits by any means. The Germans for instance mass sold due to changing tax laws. The demand for housing fell, whilst the prices still rose ....... the Spanish continued building at the same rate they always did.

The result .......... loads and loads of property on the market and no one buying it.

The average salary in Spain is around €13-€15k ....... so it might be relatively cheap to live, but the salaries are relatively low also. For those that have retired and have UK pensions, their income has dropped remarkably, due to the rate of exchange.

Big Pete · #12 (**permalink**) 28th May 2008, 10:11 PM

Quote:

Originally Posted by MichelleAlison

I would guess that the main reason for this is that the Brits no longer have the money to buy in Spain since the British banks have now stopped lending.

Michelle

Now that is a damn good guess

I agree i reckon thats a hell of a lot to do with it , the second holiday home is gonna be the first to be put on hold for sure ..

Stravinsky · #13 (**permalink**) 28th May 2008, 10:20 PM

Quote:

Originally Posted by Big Pete

Now that is a damn good guess

I agree i reckon thats a hell of a lot to do with it , the second holiday home is gonna be the first to be put on hold for sure ..

Yes but as I said its not just Brits, its the French, the Dutch, the Germans .... its a general thing

Big Pete · #14 (**permalink**) 28th May 2008, 10:31 PM

Quote:

Originally Posted by Stravinsky

Yes but as I said its not just Brits, its the French, the Dutch, the Germans .... its a general thing

yep once again i agree . hmmm i am agreeing a lot today , wonder if i am ill

Mind you i still blame our Government for making our pound so weak

Thats better i am not ill, i am fine

synthia · #15 (**permalink**) 29th May 2008, 12:40 AM

It's hitting everyone, I think. Housing prices can only rise as long as people can get loans and make the payments, and eventually one or the other gets so far out of hand that the pyramid collapses.

Construction is booming here in Panama (no, they probably aren't going to let you come here to work and you wouldn't be happy with the pay), but eventually they'll run out of Venezuelans who are parking money here in the form of condos and in order to have a place to run to when/if Chavez nationalizes everything. Then it will burst here, too.

MichelleAlison · #16 (**permalink**) 29th May 2008, 06:18 PM

Quote:

Originally Posted by synthia

It's hitting everyone, I think. Housing prices can only rise as long as people can get loans and make the payments, and eventually one or the other gets so far out of hand that the pyramid collapses.

Construction is booming here in Panama (no, they probably aren't going to let you come here to work and you wouldn't be happy with the pay), but eventually they'll run out of Venezuelans who are parking money here in the form of condos and in order to have a place to run to when/if Chavez nationalizes everything. Then it will burst here, too.

I suppose that is why property is still very cheap (for Europeans) here (Argentina) because of the lack of mortgages and any loans that are available, are very low in value and the repayment period is 2-5 years generally

Michelle

JennyP · #17 (**permalink**) 23rd August 2008, 09:15 AM

Hi ya, I don't fit what you are looking for, due to fact we are back in the UK three years now and hate it. Since returning from Singapore, we have noticed how dirty the streets are, crime is seriously bad, the amount of people hanging around streets drunk or drinking makes a trip around your home town horrible. Hate the thought of my two boys growing up here. Everything costs more here and no one seems to have any respect for each other.