If you were given money and had to buy in Spain what & where

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This topic contains 8 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 4 years, 3 months ago.

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  • #57055
    Profile photo of Anonymous
    Anonymous
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    If you HAD to buy in Spain (as I know that most will say that they don’t want to buy anything…)

    What would you buy?

    I’ll start with a place I know, it’s safe, nice people, good quality and there is a lovely bar/restaurant. It would be a holiday home for all the family when they want a bit of sunshine. The price should come down a bit more from this advert?

    http://www.fotocasa.es/vivienda/cuevas-del-almanzora/jardin-piscina-desert-spring-126915640?opi=1&tti=1&pagination=2&RowGrid=23

    I’ve been to the resort quite a few times to visit friends etc. and it’s a lovely place. Maybe it was a bit too ambitious but it’s well maintained at the moment.

    http://www.almanzora.com/

    I’ll have a look for what house and then flat I would ‘buy’ with monopoly money….

  • #112089
    Profile photo of Anonymous
    Anonymous
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    @itsme wrote:

    If you HAD to buy in Spain (as I know that most will say that they don’t want to buy anything…)

    What would you buy?

    I would buy a property in the balearic island of Ibiza (Eivissa). I have always wanted to live there but the prices of property there are prohibitively expensive. Despite the crash that has occurred in property prices on the Spanish mainland property prices in Ibiza have held up and have barely been affected by the bursting of the property bubble and the economic downturn.

    Another place I would have liked to buy a property would be Teneriffe in the Canary Islands, partly because of the good all year round weather but the main reason for buying there is that the sales tax on buying a property in the Canaries is 5% compared to 8-10% in the rest of Spain.

    In the end I think I will buy a property in Turkey instead. There will almost certainly be a property crash there sometime soon and property will end up dirt cheap and besides the Turkish coastal resorts have not been spoilt and destroyed in the same way it happened in Spain. The main drawback in buying a property in Turkey is that it is not part of the EU and you need a visa to enter the country which you pay for on arrival in the country but you will be booted out of the country if you stay there for longer than 90 days, which makes it the same as Spain except that Spain is in the EU and you should in theory be able to stay in Spain indefinitely if you are an EU citizen but the Spanish don’t see it that way and want you out of the country after 90 days unless you get a permanent residence visa which will require you having to prove that you have sufficient income to support yourself otherwise they won’t give you the visa and they will boot you out of the country after 90 days. I assume that the permanent residence visa only lasts a year and will have to be renewed every year and so you will have to go through all the hassle of getting a new permanent residence visa every year which will involve providing proof of income.

    Turkey is hoping to join the EU at some point but certain countries in the EU are opposing the move. If Turkey does eventually join the EU there will almost certainly be a sharp rise in house prices but prices will eventually fall back and that will be the time when I will buy a property in Turkey and I will try to live there indefinitely, evading the immigration authorities. A well known way to get around the 90 day visa restriction in Turkey is when the visa is about to expire get on a ferry to a Greek island and then on your return to turkey just get another 90 day visa. However, doing this every three months is a bit of a bind and will require shelling out money to pay for a return ferry journey to the nearest Greek island and pay for a Turkish visa every three months.

  • #112092
    Profile photo of Anonymous
    Anonymous
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    I been watching trash tv over the past few weeks and watched ‘The Real Housewives of New York’ and they went to a fantastic place in Morocco. I’m not the biggest fan of my ex neighbours from there who don’t pay their community fees in our block but maybe with lots of the Spanish constructors shipping their materials and machines over there means that a place in the sun in Morocco will start soon?? Haven’t got a clue what it’s like though?

    Do Brits still go to Spain because of being scared to go anywhere else? Do they think in a herd mentality whereas they know that there are Brits out in Spain so therefore it’ll all be ok?

    I went there because my Mum and Step Dad were out there. If they hadn’t been there I wouldn’t have gone to live there as I had never considered it for myself.

  • #112096
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    Anonymous
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    http://www.kyero.com/property/1853489-villa-for-sale-benissa?

    this simple little villa would do me and if jakes right for less than 100k i could retire at 45

  • #112097
    Profile photo of Igurisu
    Igurisu
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    @dartboy wrote:

    http://www.kyero.com/property/1853489-villa-for-sale-benissa?

    this simple little villa would do me and if jakes right for less than 100k i could retire at 45

    According to Jake you will be able to buy this for under €40k (-90%), to be honest I hope he is, I’ll buy a couple like that 🙂

  • #112098
    Profile photo of Igurisu
    Igurisu
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    http://www.kyero.com/property/1727900-villa-for-sale-valencia? Looks perfect for me, I love Valencia and normally this would be out of my price range, but if I can pick it up for less than €100k then i’m in 🙂

  • #112105
    Profile photo of petej
    petej
    Participant

    @igurisu wrote:

    @dartboy wrote:
    http://www.kyero.com/property/1853489-villa-for-sale-benissa?

    this simple little villa would do me and if jakes right for less than 100k i could retire at 45

    According to Jake you will be able to buy this for under €40k (-90%), to be honest I hope he is, I’ll buy a couple like that 🙂

    I have a place there, but at those prices i would be in the queue as well 8), many times over 😀

  • #112110
    Profile photo of Anonymous
    Anonymous
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    But isn’t that price probably way off the boom years price? If villas I know were advertised in 2005 for over a million euros now they are at the 200k mark wouldn’t this one have been over a million to have reached the near 400k mark?

    What was the price of this a few years ago? Then we’ll know the amount it has dropped. I don’t know the area so can’t comment more than it looks like a nice place.

  • #112111
    Profile photo of Anonymous
    Anonymous
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    i would say that it was probably just over 600K at peak and has dropped around 35% maybe abit more but as it is a good area i don’t think you will expect to see any bigger a drop at this point as its not really the sort of place you see the brits that have been brought on a massive mortgages like further down the coast. But if spain we to leave the euro i could see it dropping to 250k so 60% off and then maybe abit more if the intrest rates rise like jake has predicted but i don’t see it loseing 90% although if it did i would be there with the cash in my hand and a smile on my face

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