Spanish property prices up!

Just being a bit mischievous really, but couldn't resist it.

According to a study by Salvago Inmobiliaria (published in today's Sur in English) property prices on the western Costa del Sol in the first quarter of 2008 rose by 5.83% compared to the first Q of 2007.

Don't you just love meaningless statistics?

Hey, this is a great idea. Every time I pick up a paper it tells me how the value of houses is going to drop a squillion percent in the next 2 years.  Everyone else reads the same papers and, lo and behold, prices drop to pre 1930s levels.  Offer your house for 20 quid and someone will tell you the one round the corner is going for a tenner and, up the road, someone is giving you a fiver to take it off their hands.  Just like the credit crunch.  Everyone says there's going to be a recession, the banks stop lending you money, down comes interest rates but the building societies put their rates up. Bingo!! Instant recession.

So let's all start telling everyone how good the property market really is.  Houses in Spain are in really short supply so you'd better get in quick before they all get snapped up.  And don't worry about the price.  It's forecast that they'll all rise 150% this year and a steady 100% plus for the next 10 years or so.  And, of course, with the lack of housing the rental market means you'll get at least a thousand euros a week in rent, all tax free of course.  Oh, and with Disney building a new theme park next to every urbanisation in Spain over the next five years, the market can only go up!!

Maybe this will have a positive effect on all the markets in the same way the papers and TV in UK are causing the depressive market at the moment.

So, come on all you EOSers!!!  No more negative posts.  Tell everyone you meet how buoyant the market really is and it's all a plot by the lefties to decry you second home owners.  Every post from now on has to mention how you bought your property 5 years ago for 10,000 euros and you've just been offered 240,000 for it. 

And, of course, the pound is really worth 4 euros 50 and it's all a conspiracy by the Russian mafia to control the Western banking system  when they tell you it's only 1 to 1.

PSSST!!!  Anyone want to buy some used sterling notes?  Only 2 euros a quid, bargain, guv, honest.   Now, would I lie to you???

PS.  Government statistics in UK say inflation is running at 2.4%.  Now they are 'avin a larf.

Ssshhh- dont build up the Spanish pricesyet,I haven't bought yet !!!

Now if you can getthemup a bit in the UK that would be a help

Have to agree with you on the UK economy though.Still how can you believe a government that doubles tax on the poor and decreases it for the better off.Gordon Brown should be the Sherriff of Nottingham not Prime Minister.

Acapulco!!! You forgot to mention the bid you put in for €25,000 was refused and you had to make it €345,000 before they'd accept the offer for a studio apartment.

Dear Me!!  Of course, the papers in UK are totally wrong and the 4 zillion pounds you put your house up for hit a chain and you eventually accepted 95 squillion squids for it.  Of course, after Gordon the Grabber took his cut, you just about cleared 20 quid and a cup of coffee (not from Starbucks, however, nothing's worth that much).