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04 Apr 2009 9:16 AM:

Glad all worked out well.

Personally I would never give a 10% deposit in this climate. It's a buyers market with 2 million unsold properties any seller is not going to throw away the chance of selling the property because the buyer will not place a deposit.

A token gesture is all that is required 500€. If the seller does not agree let him sell it to the next person in the list queuing up to buy :-)



Thread: Agent spent the deposit

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03 Apr 2009 11:27 PM:

I have taken a 40% hit on my second Spanish property. I sold it in approximately 3 weeks from advertising on fotocasa. That is because I priced it low. Yes it's a big hit, I lost a lot of money, but by hanging in there I would have lost probably double.  I didn't use it as it was an investment ( a bad one) and I have another Spanish holiday home. I was also paying an expensive mortgage on it. I expect recovery to take at least 10 years. Spanish house prices will bottom out in 2010 or 2011 by which time Edward Hugh reckons 30% unemployed (worst case).

If your property is an investment (eg you do not use it for holidays), you bought near the top, and have a mortgage on it. The concept of hanging in there simply does not exist



Thread: Should I sell or hang on?

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03 Apr 2009 10:49 PM:

It wasn't until I was chatting to a Greek friend at work (in the UK) about items to be carried at all times in a car (when generally driving in the Med countries) that the penny dropped about why such ludicrous requirements exist.

The requirements are basically an artefact of the corruption that pervades Spanish society.  Any reasonable person can see that roads are in general far more dangerous than UK roads. Roadworks are carried and workers are protected with a few cones that look as if they have come out of a childrens play set, minimal warning of roadworks, no kerbstones, pedestrians and cars sharing the same piece of tarmac, parking across zebra crossing, on roundabouts..... I'll stop there.

However, high viz jackets, red triangles, spare bulb kit (what a joke).  I was stripping engines and gearboxes out of cars at 17 years of age, I know how to use a spanner. A few years older, not as much DIY car mechanics as when I was younger but front headlamp bulb replacement on my Audi should be no problem!!! Well it was, specialist tools required, (improvised I add) and 1 hour later I have changed the bulb.

Changing car bulbs is now beyond the capability of 99% of people on new modern cars. But still lets make is legal to carry a spare set, along with an extra red triangle.

The Spanish car industry has lobbied government (translated to read passed a few brown envelopes to politicians) to make those requirements law. It doesn't matter that nobody can change a light bulb as long as someone has had there palms greased with money.

 

 

 

 

 

 

 



Thread: What Documents and other items must I have in the car

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08 Feb 2009 9:39 AM:

Well I realised the poster was a chancer.. But I am not sure who is more stupid the poster expecting someone to pay that price or someone who actually would.

Seems a waste of bandwith really, unless he genuinely added that extra 0 on the end of the price by mistake ;-)



Thread: BARGAIN!!! Peugeot 206 XTD 1.9, Blue/Turquiose

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07 Feb 2009 11:18 PM:

Spanish second hand car prices are crazy. That car would be 900 Pounds or less in the UK.



Thread: BARGAIN!!! Peugeot 206 XTD 1.9, Blue/Turquiose

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