time to buy in Spain??

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31 May 2013 9:52 AM by windtalker Star rating. 1949 posts Send private message

First of all if a so called bargain property came up at a rock bottom price is it in the location were you would  like to live if not then it is not a bargain, when the right property comes up that suits your need as long as it is within your budget then go for it if you are going buy a property and wonder if it has gone up or down in price then don't buy  keep your money in the bank and pay rent all I know is that when I bought my villa I did not even think about making or loosing money.


 


This message was last edited by windtalker on 31/05/2013.



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31 May 2013 10:16 AM by Roly2 Star rating in Almeria. 646 posts Send private message

 Here here windtalker.   It is the relatively recent obsession with property as an investment which inflated the bubbles............... nowhere more so than in Spain.   Buy because you love it and want to be there - no other reason.





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31 May 2013 10:46 AM by baz1946 Star rating. 2327 posts Send private message

What you do have to remember about life is that it turns around in circles, so the cheap house price's of today have more then a better chance of once again becoming the expensive house price's of tomorrow. Spain or the UK.

One of my house's which i owned for about ten years dropped dramatically in price, and rose back in price twice in that time. It's life, it happens. Another one did the same believe it or not within four years.

As said, if you want to Come to Spain to live and own your own home perhaps / maybe rent until you find the right area, right house, right price, then buy, nothing ever beats owning bricks and mortar anywhere, we all know council tenants (UK) that have been in the same house for over 40 / 50 years paying rent, and still paying rent now.

Yes i do know you cant compare the UK to Spain at the moment but pretty much the same principals still apply. And yes it is hard in Spain now, if it's reached the bottom now...what happens next?

Forget all the stupid new laws for this that and the other, this is happening just the same in the UK right now.





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