The state of the Housing Market - Spain vs UK

[SteveHall]

..because most people want to SELL and selling with an incumbent tenant is massively more difficult.

Come to Fuengirola. The whole place is for sale/to let.

[Tallulah]

There is another angle : for some time now, risk of non-payment and massive legal hassle to evict vs. keeping it empty and riding it out (both high risk especially for those who have equity and don't particularly want to sell, in effect, their business. I've seen examples where damage done by disgruntled tenants and laws protecting from eviction have made landlords' lives hell. Similar to many years ago, the UK rental market under Labour where the landlord had virtually no rights once the tenants were in and settled.

Tallulah.x

[jojo]

Originally Posted by SteveHall

..because most people want to SELL and selling with an incumbent tenant is massively more difficult.

Come to Fuengirola. The whole place is for sale/to let.

Are there any good international schools over there Steve???

Jo

[SteveHall]

Place is full of International Schools and many great Spanish ones!

[jojo]

Originally Posted by My_Name_is_Tallulah

There is another angle : for some time now, risk of non-payment and massive legal hassle to evict vs. keeping it empty and riding it out (both high risk especially for those who have equity and don't particularly want to sell, in effect, their business. I've seen examples where damage done by disgruntled tenants and laws protecting from eviction have made landlords' lives hell. Similar to many years ago, the UK rental market under Labour where the landlord had virtually no rights once the tenants were in and settled.

Tallulah.x

I´ve got an estate agent friend (no, not Steve lol) who is actually going round to all his "vendors" asking them if they wanna rent and trying to "big up" the idea of renting to buy, which is partly why I´m looking round... I may buy... eventually, if the deal is right.

Jo

[Tallulah]

Originally Posted by jojo

I´ve got an estate agent friend (no, not Steve lol) who is actually going round to all his "vendors" asking them if they wanna rent and trying to "big up" the idea of renting to buy, which is partly why I´m looking round... I may buy... eventually, if the deal is right.

Jo

Best of luck - don't forget if you do find your ideal place (especially during the summertime), don't execute the "buy" option until after the winter months when any of your much publicised dislikes of winter in Spain have been put to rest by this miracle home which is warm, well insulated and affordable to heat!!!!

Tallulah.x

[jojo]

I spent the day today looking at properties, mainly rental or rent to buy. Not sure what I think really. The rents were all negotiable, the properties had ALL been empty for at least 4 months, so I think the owners are fairly keen to get someone in them. As for buying them at the end of the term, well they ALL wanted silly money... no way 600,000€ for a rather tatty, small three bedroom finca??????! The owners were all Spanish and werent prepared to drop their prices at all.. well not today.

It was interesting to look around at whats out there... actually not much, there doesnt seem to be much of the sort of property I´m looking at and I dont think there are many potential tennants either????

Jo xxx

[XTreme]

You want to look in a nice rural area like this Jo!

[jojo]

Originally Posted by XTreme

You want to look in a nice rural area like this Jo!

too cold for me where you live Extreme!! I hate the cold!!!!

Jo xx

[SteveHall]

That's a nice way of saying, "I don't like donkeys and I am keeping my 3 eldest daughters well away from you, XTreme."

Jojo has obviously been to the Kissinger School of Diplomacy or was it the Kiss'n'Tell School.

Can you give me lessons, Jojo? I think I had better go and smooth things over with a xxxx gestor who got in my way today!!