I know from various threads there are a great deal of people on here that will understand all the financial permutations and what it will mean to both resident and non resident property owners in Spain
I read about Spain defaulting on its loans and increasing debt, high unemployment etc but what does it mean in Laymans terms,
I know the first answer will be that nothing will change if you dont want to sell but what if at some point we do or had to? I also know there are seemingly many permutations and things that could effect outcomes but in essence if Spain and the P.I.G.S go bust what would happen or it mean?
We have two places; one a 2 bed flat in the UK worth approx £180K and a 3 bed apartment in Spain worth €200K so almost identical. What if things go wrong could the effect be on them in say 1 or 5 years?
Should we be keeping our Euro account as small as possible to pay the standing orders if the euro collasped? or will that not be allowed to happen?
Im not after legal or financial advice as I said just wondered what, people who have worked out in their own minds, could be the likely effects on us all as i cant get my head around the various views.