Economic issues in Spain

[xabiachica]

Originally Posted by mrypg9

[/B]

You should be lucky then as six million are looking for jobs! I'm sure they are actively seeking work, not just enjoying their forced leisure.

But there are very many agents including banks selling repossessed property here in Spain already...

& probably commission only, too

[Sonrisa]

Well I have come across a number of peple (non spanish) who have been offered a jop in Spain recently, this is mostly, as BOstonpapa, in the technology , IT, programing, telecommunicatios engineering fields.
There seems to be a shortage of these in Spain, and Spanish universities are failing to attract and prepare these kind of engineers, which is why companies in Spain have to look abroad to find professionals.

recently i read an article in El pais that corraborated my observations. Will try to find it.

http://economia.elpais.com/economia/...53_083430.html. FOUND IT!

[mrypg9]

Originally Posted by Sonrisa

Well I have come across a number of peple (non spanish) who have been offered a jop in Spain recently, this is mostly, as BOstonpapa, in the technology , IT, programing, telecommunicatios engineering fields.
There seems to be a shortage of these in Spain, and Spanish universities are failing to attract and prepare these kind of engineers, which is why companies in Spain have to look abroad to find professionals.

recently i read an article in El pais that corraborated my observations. Will try to find it.

Los informáticos no entienden de paro | Economía | EL PAÍS. FOUND IT!

Same in the UK. My son uses sub-contractors in India as there is such a shortage of qualified IT professionals in his particular speciality, disaster recovery.

IT is very badly taught in the UK and in my experience consists of little more than being shown how to use Microsoft Office functions...It's chicken and egg....the teachers themselves aren't qualified to do much more.

We need a programme of education in teacher training institutions so that we can provide qualified people to teach others. Asian countries have been in the forefront of IT education for a long time and that's one of the reasons they are overtaking us.

The decline of the West....

[Alcalaina]

Originally Posted by mrypg9

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But there are very many agents including banks selling repossessed property here in Spain already...

Or not, as the case may be! The banks are so desperate to shift their repos they are still trying to persuade people to take out 100% mortgages - people who could lose their jobs at any moment.

[Hepa]

Talking about banks, one is offering 4% for savers

[mrypg9]

Originally Posted by Alcalaina

Or not, as the case may be! The banks are so desperate to shift their repos they are still trying to persuade people to take out 100% mortgages - people who could lose their jobs at any moment.

Yesterday driving down to Gibraltar for Quorn and gin we saw billboards advertising properties with 110% mortgages.
When will people and financial institutions learn??
Now that is a practice that the Government could easily stamp out by legislation.

[Hepa]

Many years ago, I bought a new house with a 100% mortgage, worked well for me.

[Alcalaina]

Originally Posted by Hepa

Many years ago, I bought a new house with a 100% mortgage, worked well for me.

But things were different then! Yours was hardly "sub-prime", I bet, or taken on at a time when house prices were falling dramatically.

What bank is offering 4% btw?

[MaidenScotland]

When I was looking to buy last year I had the option of renting a repossession with the option to buy at the value of my date of entry less the rent I had paid.. the rent was just over 200 euros a month for a 4 bedroom apartment.

I was going to do this but then saw my wee house in Novelda and fell in love with it.

[Hepa]

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