Florida, California, Spain

LoadingFavourite

This topic contains 9 replies, has 6 voices, and was last updated by Profile photo of Anonymous Anonymous 8 years, 1 month ago.

  • Author
    Posts
  • #54422
    Profile photo of Anonymous
    Anonymous
    Participant

    All three are retiree havens, with Sun and warm weathers.

    In Tampa area in Florida 50% of the people who bought in the last 5 years are at negative equity. 70% of people who bought in 2006 are at negative equity.

    http://www.tampabay.com/news/business/realestate/article854037.ece

    Same in many regions of California.

    Is there any reason why Spain won’t have the same fate? I believe there
    are much more empty properties in Spain and the prices are higher that in California or Florida in 2006.

  • #87094
    Profile photo of Anonymous
    Anonymous
    Participant

    Florida is extremely Humid, As for California, Sure the prices went down, But properties are still very high priced

    David

  • #87096
    Profile photo of Anonymous
    Anonymous
    Participant

    I don’t think you can compare Spain with the USA.

    For European buyers (remember Brits are not the only buyers) Spain, Italy, Portugal & France will be more popular simply because they are closer, as well as being cheaper & easier to get into.

    Also, if all you want is a holiday home (weekend getaway), the US is out given the distance.

    Further, if you want to work you can throughout the EU without getting a work permit where as the US has some quite strict requirements for non US citizens.

  • #87097
    Profile photo of Anonymous
    Anonymous
    Participant

    Not to mentioned the rude,aggressive & unwelcoming, power mad immigration officers at the Airports.

  • #87098
    Profile photo of Anonymous
    Anonymous
    Participant

    You are right, Why do you think I am trying to buy a small property in Spain to retire in, LOL

  • #87099
    Profile photo of katy
    katy
    Spectator

    Rob is correct on all points, no you can’t just nip off for a weekend. If you are not into the weekend thing a week is ample though. What is a few hours more flying time, especially if things are better at the other side.

    Florida…official time to sell a house 113 days, in Spain about (at least) 1130! Prices have fallen, mainly in the areas of new build and not in good locations (will happen in Spain too). On the Gulf Coast they are looking sensible but haven’t crashed. Where in Spain could you get a detached house in a decent sized plot with 3/2 and a heated pool for a couple of hundred thousand euros (plus a state of the art kitchen) . Downside, local taxes are expensive, practically no hope of living there year round. Rentals are good though, huge catchment area (including Canada, lots of snowbirds wintering)

    Lots of pros and cons but you will never be able to live there year round, unless you invest big bucks or are a celeb. If it were possible I would be there!

  • #87102
    Profile photo of Anonymous
    Anonymous
    Participant

    @rob6578 wrote:

    I don’t think you can compare Spain with the USA.

    For European buyers (remember Brits are not the only buyers) Spain, Italy, Portugal & France will be more popular simply because they are closer, as well as being cheaper & easier to get into.

    Also, if all you want is a holiday home (weekend getaway), the US is out given the distance.

    Further, if you want to work you can throughout the EU without getting a work permit where as the US has some quite strict requirements for non US citizens.

    Well, I was not refering to European buyers… There are millions of babyboomers in USA and Canada who would love to spend their retirement periods in warmer climates… And tens of millions of people who want to holiday in the same areas.

  • #87103
    Profile photo of Anonymous
    Anonymous
    Participant

    @bentdavi wrote:

    Florida is extremely Humid, As for California, Sure the prices went down, But properties are still very high priced

    David

    Well, if you lived so much time in Scottsdale, Florida might look like inferno…

    California property prices vary. Bay area prices have barely come down.

  • #87111
    Profile photo of Anonymous
    Anonymous
    Participant

    @rob6578 wrote:

    I don’t think you can compare Spain with the USA.

    I think you can, only worse. Spain is year or more behind the USA. The market is much larger in the US than Spain, including wealthy buyers from south America, so it’s even worse here. 4+ million home built in the last 5 years

    700,000 dollar apartment in Miami for 250k and it will be the same here…

    http://www.businessweek.com/magazine/content/08_43/b4105051868168.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis

  • #87112
    Profile photo of Anonymous
    Anonymous
    Participant

    Yes , Please let me know when the prices go down in Andalucia, I am waiting for that to buy my retirement home. But I am not looking to be on the sea shore, a small town home will do me just well.

    Here in Scottsdale the prices tripled 4 years ago , and now just started to go down a little. But nothing is selling , the inventory keeps going up.

    I will be in Andalucia in May , for vacation and looking to buy.

    Regards
    David

You must be logged in to reply to this topic.