20 Dec 2013 3:00 PM:

I don't think anyone was suggesting replacing their "pension income" with the income from a house in Spain but rather investing in a house in Spain rather than a "pension plan" as an opportunity to make a greater return.

With hindsight that would have been a very bad move if you needed to realise your investment after the global financial crisis and invested before it. However it might be a good time to invest in a house now if you have a good few years left before you retire - who knows - certainly not the financial advisors.

Regarding the thread - it really is a case of wait and see what the rules are and how much it would cost to get licensed - if its a small fee then most people will probably pay it - if its a large fee then many people may be forced out of the market or just allow friends and family to use the place.

Either way it could have a further negative impact on the price of properties from an owners perspective or very positive effect from a potential buyers perspective.

Michael

Thread: Article in Daily Mail 13 December regarding new rules in renting out property in spain

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