19 Aug 2011 7:42 PM:
just read the thread. Not everyone who has bought in Spain wishes to live in Spain. There seems to be an air of smugness from owners ( ex-pats) who relish boasting about how wonderful it is to live there and can't see what the problem is. I've no doubt it is a lovely place to live full time, indeed my parents reside in Spain. We bought over 7 years ago with a view to having the apartment long term (not for a quick buck). Our intention was to rent out primarily to recover some costs and to use as a holdiay home, with a view to our young children eventually having benefit of it when they grow up. Like others, we bought when the Euro was 1.45 against the Pound. These are now difficult and worrying times for most peoople and no-one could have pre-empted the world's financial situation. Struggling owners ("investors") should be given more credit for hanging in there during this long harduous and turbulent period . I wonder what would happen to the spanish economy if all those hard-pressed threw in the towel and left the banks to sort out the mess.
Thread:
There is definitely an increase of interest in property here.
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