Chrissie1 said:
Tuesday, September 2, 2008 @ 12:14 PM

Thanks for this Maria but I dare say it depends on whether the british are still willing to buy when they are being treated so badly and losing so much.

Sorry

Chrissie1

Chris said:
Tuesday, September 2, 2008 @ 2:57 PM

Wishfull thinking, untill the banks here start lending money again nothings gonna happen.......Dont hold your breath.

Susan said:
Tuesday, September 2, 2008 @ 4:06 PM

The reputation of Spain is going to take longer to recover than the credit crunch. It seems a variety of media is no longer necessary to highlight how badly purchasers of new developments have and still are being treated -word of mouth alone is doing a grand job.

Chrissie1 said:
Tuesday, September 2, 2008 @ 5:48 PM

You have to be british to understand that we are generally very amiable, patient and kind. When we go quiet that is the time to be careful. At all levels there is a lot of injustice being done and unfortunately this mess has been going on for some years now in Spain. We are learning more of this as the days pass. It is sad but true. There is much damage being caused.

jarmany said:
Tuesday, September 2, 2008 @ 6:18 PM



Once bitten twice shy

Chrissie1 said:
Tuesday, September 2, 2008 @ 7:09 PM

Big mistakes by agents, developers,lawyers,town hall, utilities, unobtainable licences, never finished properties, half finished properties, finished properties unable to be lived in, banks and bank guarantees. Severe adjustments in deed.

jeff ford said:
Tuesday, September 2, 2008 @ 8:31 PM

with the pound rapidly approaching 1 euro i would not hold my breath expecting brits to be buying in spain for a whils to come, unless of course prices in spain fall accordingly, not to mention the agents, solicitors, mayors and developers that have ruined so many peoples lives!!!

Maria L said:
Tuesday, September 2, 2008 @ 9:10 PM

Ok. Now...
I am preparing a report to be brought to the Ministry of Justice ( it happens to be a good friend of one of my husband´s cousins in Madrid) regarding some bad practices of some Law Firms. I need you to get involved. Those of you who were misrepresented by lawyers please contact us so we can send to you a survey and document for you to fill in and send back to us signed.

Every time I have mentioned an initiative like that in EOS very few of you have reactioned, I hope to have at least 150 testimonials so we can make a serious compilation of experiences, analysis and ask for reforms.

I am getting a bad name among some of my colleagues, but they are precisely those whose opinion count nothing for me.

Please email as to mldecastro at costaluzlawyers.es or marialuisa at costaluzlawyers.es, so we can send to you these papers.

Best regards,

Maria

Chrissie1 said:
Tuesday, September 2, 2008 @ 9:25 PM

Reality check for Spain, no scientists required here.

Tim said:
Friday, September 5, 2008 @ 6:17 PM

Sorry Maria

You have to be kidding. In a years time property in Spain will be another 20% lower and heading for -50%. There are so many reasons why this prediction is wrong its hard to know where to start.

Property in Spain is the most overvalued in the world relative to wages.

To get back anywhere near to bubble levels would take bubble lending conditions. Far from this happening teh reverse is happening, if foreigners can geta mortgage next year it will be 60% LTV max. Banks are going bust, have you checked the stock market recently?

Even if mortgages were available the most critical issue has gone - confidence. Do you really think people have that short a memory?

The world is heading into recession, possibly depression. people will be trying to save their home let alone buy another.

Interest rates are double what they were.

You can't let a property at today's prices and make money.

The market is flooded with unsold homes.

Property cycles typically run 10 years. At best it will be 5 years before property turns.

This report is utter nonsense with respect Maria. Possibly very misleading altho I don't think anyone much would believe it.

No offence to you.