21 Apr 2012 12:38 PM:

Agree that its a big 'If' but I would guess that if Greece is finally recognised as being in default and reverts to the Drachma, the other PIIGS countries will start to follow. So...all the debate is about mortgages but, I am in the situation where I've been in dispute  with the builder for some years and  have not yet completed.  If Spain did find itself having to revert to the peseta, from the preceding discussion, I presume that the balance required to complete would be converted to pesetas and drop in value (therefore cost to me) as outlined above.

Having said all that, I guess if the Euro starts to fold, the propert market in Spain might be the least of our worries!

Forum thread: What would happen to a Euro mortgage, if Spain dropped the Euro?

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30 Mar 2012 12:00 AM:

Good afternoon all.   I bought from Grupo GPS but following their failure to complete on time and a number of other issues, I have never completed and contract has never been cancelled.  Consequently, this has been in Limbo for a number of years as our focus was elsewhere on business in the UK and on retirement.  I'm now trying to pick up the threads and move things on.  Can anyone provide an update on the current status in relation to number of apartments occupied, status of Cajasur, status of Grupo GPS?  Happy to take offline, email, telephone, face to face face or whatever.   Thanks

Bill at GledeKnowe

Community thread: Current situation at MHV

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