06 Jan 2009 12:00 AM:

Hi everyone, we all know the current situation is crippling all of us who have paid a deposit or are paying a loan on a spanish property so lets start talking about it and raising our concerns. Its not going to go away for a long time and decisions will need to be made by all of us.

There must be many of us who are now facing a loss in equity on our British homes which were going to be capital against a new build Spanish home, or are now not going to be able to get a sufficient mortgage to cover a vastly inflated price due to the weak pound. Maybe you have an apartment you were going to sell to finance a new one but are now looking at the glut of new flats and villas which will be sold off on the cheap. We hope each month that the pound will strengthen again against the Euro but it just gets worse, who could have forecast this a year ago? From what I've read its going to take 5 years for some kind of recovery but even then the Eurocrats will be doing all they can to keep it close to 1 to 1 on the currency. That will affect all of us, devaluing all your assets by a third and just wait for the influx back from Europe of pensioners who can no longer afford to live abroad.

I'm not here for scaremongering, I want to know what are the options and who has got more expertise in these areas and can give some advice.

You all look at this site so lets start making some noises and helping each other, its not going to go away.

Thanks.

 

 

Community thread: lets start talking

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01 Sep 2008 12:00 AM:

Hi all, just wanted to say that we'll be going to Mazarron for a few days on 22nd Sept, We'll be going to see how Mojon Hills is progressing so I am happy to take pictures of the various phases and upload them. Any particular requests please reply to this thread. Cheers.

Community thread: Living in Spain, Working P/T in UK

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13 Mar 2008 4:47 PM:

Hi all, just to say we have had friends of ours stay at Le Cumbre and found it very good value. We have an apartment just a couple of blocks away from the hotel and sometimes our friends go to for a break the same time as us. Its convenient and good standard for a cheap break.

Community thread: selling spanish property

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13 Mar 2008 12:00 AM:

Hi, just joined this firum so am interested to know what is Phase 5? I bought on Phase 4 last year and was unaware of any more phases being built. I have been at Mojon Hills just this last weekend, March 8th to 11th and went up to see how it is all progressing. I do feel sorry for anyone trying to live there at the moment because of the constant building going on, the rock for phase 4 is being excavated all around the hillside. However, the building work in front of the road immediately before phase 4 looks to have got on a long way. There is now a swimming pool and grass laid on one of the phases and generally its gone on a long way since last August when I was there. I have a few pics if anyone wants to see them. Also, I currently have an apartment near Le Cumbre which is convenient for anyone wishing to take a break or trip over to see whats going on, or if you have sold in UK and need a stopgap. Please reply to this thread if you are interested in a short or long term rental.

Community thread: Still looking for somewhere to rent for 6 months!

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