Is not this forum now Pointless

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This topic contains 20 replies, has 15 voices, and was last updated by Profile photo of DBMarcos99 DBMarcos99 4 years, 4 months ago.

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  • #56913
    Profile photo of GJ
    GJ
    Participant

    All these threads and how many are buying or even renting on the coast.

  • #110327
    Profile photo of katy
    katy
    Spectator

    True, but where else would wannabees get anything close to the truth about whats happening in Spain…Property agents websites :mrgreen: There must be a lot of people who read but don’t participate.

  • #110328
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    17240 registered sales in the first quarter of this year, of which 9559 were resales and 7681 were new builds.

    Based registry information. Higher than any other community! 18.7% of the total Spanish market.

    So the site should still be relevant

  • #110329
    Profile photo of Anonymous
    Anonymous
    Participant

    As a ‘wannabee’ (thank you Katy 😉 ) I have found this site the most comprehensive and unbiased of anything else out there. I never even realised half the stuff about living in Spain so am very grateful I stumbled across it. Far from being pointless, I would think that over the coming years this site and others like it will be invaluable to people like myself looking to buy a property in Spain.

    may you go from strength to strength 😀

  • #110333
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi
    I do not think this board is irrelevant. I am in the process of purchasing a villa, at what I would call a bargain price. Although I realise this is risky due to prices may drop further and if the Euro zone splits who knows what will happen.

    I am buying for a lifestyle change, in cash, therefore I am insulated from some risk.

    I already own an apt in Spain, and would take a loss if sold, so therefore I am going to rent out the apt.

    Regards
    El Gamberro

  • #110334
    Profile photo of Anonymous
    Anonymous
    Participant

    why, should it be pointless. The site is about Spanish properties insight. As long as there are properties in Spain sold/unsold, occupied/unoccupied, ownship/tenanted. The forum has a very important role to play.

    I have bought & sold in Spain for twenty five years have over 2900 postings. I still learn & share my experience, frusatrations, laugh, wind up etc.

  • #110335
    Profile photo of Anonymous
    Anonymous
    Participant

    I hope most people don’t see it as pointless. I still enjoy participating every day, so it ain’t pointless to me at least.

    But anyway, there will soon be some big changes. I’m going to switch to Vanilla forum software (see example: http://vanillaforums.org/discussions) and blend the blog and forum into one area called discussion. Discussions will then be organised by categories and tags, rather than sub-forums. I much prefer the Vanilla layout and structure.

    Mark

  • #110338
    Profile photo of Chopera
    Chopera
    Participant

    For non-Spanish people considering buying on the costas this is the only relevant forum. You could argue that for many people the Spanish property market itself might be irrelevant, since 99% of property is still over priced and the 1% that isn’t is not accessible to most foreigners. But even so, the fact that this is the only forum out there that points stuff like this out shows exactly how relevant it is.

  • #110340
    Profile photo of Anonymous
    Anonymous
    Participant

    Still the best forum around. I have been a member for over five years and, whilst I haven’t contributed much in recent times, I log on frequently as this is the barometer for purchasing property in Spain….and when I eventually make that purchase I will always refer back to here

  • #110343
    Profile photo of GarySFBCN
    GarySFBCN
    Participant

    I’ve gleaned a lot of important information from this blog.

    It is sometimes difficult when there is bickering and sometimes I slip into bickering as well.

    But I think it is a reflection of the frustration that so many feel with the economic situation in Spain and Europe.

    That said, I do believe that there is a bigger picture and many will miss out on some real opportunities. There’s more to Spain than the expat ghettos and beach resorts. It seems that many of the “regulars” here have been burned too many times. But I can’t help but think that some are a bit lazy and never look at opportunities beyond the cookie-cutter coastal developments for investing.

    And I thank everyone who has been kind enough to answer my questions.

  • #110344
    Profile photo of Anonymous
    Anonymous
    Participant

    @garysfbcn wrote:

    I’ve gleaned a lot of important information from this blog.

    It is sometimes difficult when there is bickering and sometimes I slip into bickering as well.

    But I think it is a reflection of the frustration that so many feel with the economic situation in Spain and Europe.

    That said, I do believe that there is a bigger picture and many will miss out on some real opportunities. There’s more to Spain than the expat ghettos and beach resorts. It seems that many of the “regulars” here have been burned too many times. But I can’t help but think that some are a bit lazy and never look at opportunities beyond the cookie-cutter coastal developments for investing.

    And I thank everyone who has been kind enough to answer my questions.

    What you seem to forget is for those that buy as a lifestyle option it is a holiday home who wants to buy inland miles from the beach with nothing to do.It might be ok if your a painter/writer looking for quiet or even maybe if your a walker who wants the terrain but for most they want a beach and some where to eat.
    I looked at some property inland and if you think the build quality on the coast is bad you haven’t seen anything,i went to see one house and the agent said this one is lovely it just needs banding,banding i found out is putting a metal wire around the top of the house to stop the walls being pushed apart by the roof and this is common inland apparently.
    I must admit to being ignorant of expat ghetto’s having never been to one my search has taken me from the Costa Brava up to almeria and inland around 80 miles but have finally decided i will be buying in or around Moraira on the Costa Blanca as i like the area, its served by 2 airports and is not too over developed (except calpe).
    You are one of the people who keep talking spain up BUT in truth the opportunities you speak of will be better ones in the next few years.Now is not a good time to invest for any reason and if joe bloggs read your posts he would think it was and would end up out of pocket,you are no better than some agents.

  • #110345
    Profile photo of logan
    logan
    Participant

    I enjoy the forum and robust debate is constructive. However personal attacks on posters are pointless. Only a very few indulge in that and are soon gone. There are many members who post that have a great deal of knowledge and experience of the subject matter.

    The forum is a valuable tool and point of reference for any prospective investor in Spanish property.

    We write on here what the vested interest groups and sellers of property don’t want you to know. Long may it continue.

  • #110348
    Profile photo of Anonymous
    Anonymous
    Participant

    Logan I agree with you 100%.

    Were it not for the information and advice I picked up on here I could well have bought a place on the CDS some three to four years ago. That would have been a very costly mistake indeed.

    This forum provides, by some way, the best informed independent advice for anyone considering a property purchase in Spain. Whilst there are some on here with a professional interest, such as Fuengi and Chris Mc, they are in general open about that and their input is valuable. Without naming any names some other forums I know of appear at times to be nothing other than shop windows for estate agents.

    So in response to your first post GJ, no this forum is anything but pointless. I still intend to buy and still keep my eye on the market. When there is a hint that the market is anywhere near its bottom I’ll probably learn that from here.

  • #110355
    Profile photo of logan
    logan
    Participant

    @mark wrote:

    I hope most people don’t see it as pointless. I still enjoy participating every day, so it ain’t pointless to me at least.

    But anyway, there will soon be some big changes. I’m going to switch to Vanilla forum software (see example: http://vanillaforums.org/discussions) and blend the blog and forum into one area called discussion. Discussions will then be organised by categories and tags, rather than sub-forums. I much prefer the Vanilla layout and structure.

    Mark

    Your in charge Mark but a word of caution. I used to contribute to a thriving forum in France. They did the same largely to suit their advertisers. That was their right of course except they made the forum so difficult to read most of the community left.
    Some forums in Spain are the same plastered with ads before you can reach anything else of substance. 🙁

  • #110363
    Profile photo of katy
    katy
    Spectator

    The value of a forum like this is that people will be more honest (usually 😀 ) than face to face. We were at a wedding recently and a nephew, who we scarcely know, came to ask what we thought about him buying a property in Puerto Banus. He said that someone had told him what a good investment it would be as prices have reduced. Well I could hardly tell him he was off his head could I 😆 I did try to make some points diplomatically and told him about this forum. If someone I don’t know had posted on here then I would have been a bit more outspoken ie. honest!

    Many years ago we were thinking of investing in a business in Florida. I followed a Florida forum for months before deciding against it. mainly because the visa was only temporary. There were many on that forum with vested interests too. It all turned sour for a lot of them when many had the visas withdrawn. So that forum helped us.

    I don’t mind ads, often have a peep at some. Just don’t like spammers in the main body of the forum…or ambulance chasing lawyers!!

  • #110375
    Profile photo of GarySFBCN
    GarySFBCN
    Participant

    You are one of the people who keep talking spain up BUT in truth the opportunities you speak of will be better ones in the next few years.Now is not a good time to invest for any reason and if joe bloggs read your posts he would think it was and would end up out of pocket,you are no better than some agents.

    If Joe bloggs is the type of person who acts on anything he reads here without doing additional due diligence, then he is an idiot.

    When I first saw the title of this post “Is not this forum now Pointless” I really thought it was a reference to the bickering and personal jabs that permeate so many posts.

    But thanks telling Joe bloggs, with great certainty, that there will be better opportunities in the next few years. I’m sure that your abilities as a fortune teller are also useful in tourist attractions.

  • #110377
    Profile photo of angie
    angie
    Spectator

    Gary, there are people who’ve posted on this site for years now and who are not involved directly with the property industry and have no vested interest other than passing on their experiences to the newbies including the Joe Bloggs.

    Then there are some who just want to paint a rosy picture when it’s not and that can be misleading, that’s when the so called ‘bickering’ starts. By all means have separate topics for life in Spain, inland, coastal, food, lifestyle, but we don’t want to see people being misled into buying.

    Remember, a lot of British Joe Bloggs are naive and will trust anything that comes from an advisor’s mouth (if he’s British) and that includes agents, developers and lawyers. Some people don’t know what ‘due diligence’ is, they can’t be blamed for lack of knowledge though and are not idiots as you say, but they become easy pickings for the unscrupulous.

    However, all the essential knowledge is on this site from the experienced ones, if Joe Bloggs reads it and understands it, but then goes ahead and buys in this decidedly uncertain market and Eurozone, then he can only blame himself when it goes pear shaped. 🙄

  • #110381
    Profile photo of logan
    logan
    Participant

    Agree completely Angie. The forum is a relevant tool and Mark is to be congratulated for keeping it going.

  • #110384
    Profile photo of GarySFBCN
    GarySFBCN
    Participant

    Thanks angie. When I wrote that some may be lazy, I was speaking about investors and not about people seeking a lifestyle change – that should have been clear from what I wrote.

    In the tourist areas here in San Francisco there are many camera shops. One would have to be ignorant to purchase anything from them because they are thieves. I would guess that any area that caters to expats would be similarly full of opportunities for the unscrupulous.

    I have no doubt that the coming year or years will be difficult for Spain. And I have no doubt that the sobreatico I am purchasing now in Barcelona (assuming nothing else goes wrong) is a great value. It is in a highly desirable neighborhood, price-wise it is at the very bottom-end of the market, it is a highly desirable penthouse with two terraces (62m2 total) with views and no common walls, reasonable size and has a lot of potential after the reforma. Is it risky to buy now? As an investment, yes. As a home, no. But with risk comes opportunity.

    Nobody would have predicted that here in the San Francisco Bay Area that we would ever again see multiple bids for homes, and seller getting a lot more than asking price for their homes. But it is happening again, for the last 6 months.

    Changes can come quickly, even to Spain.

  • #110386
    Profile photo of angie
    angie
    Spectator

    Given a choice Gary, I’d feel a lot safer financially buying a property in Barcelona than on the Southern Costas right now, I think prime City centre properties (London, Paris, New York etc) tend to hold their values better in economic downturns. I won’t please people here no doubt, but I don’t rate Marbella in the same breath, sorry folks 🙄

    I don’t know San Francisco but do know San Diego very well, I would love one of their plush City centre apartments or in the Gaslamp area, or on Coronado island, in my dreams though. 🙄

    I will post on ’10 reasons not to buy in Spain’ an apartment not to buy 🙄

  • #110387
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    @garysfbcn wrote:

    Thanks angie. When I wrote that some may be lazy, I was speaking about investors and not about people seeking a lifestyle change – that should have been clear from what I wrote.

    In the tourist areas here in San Francisco there are many camera shops. One would have to be ignorant to purchase anything from them because they are thieves. I would guess that any area that caters to expats would be similarly full of opportunities for the unscrupulous.

    I have no doubt that the coming year or years will be difficult for Spain. And I have no doubt that the sobreatico I am purchasing now in Barcelona (assuming nothing else goes wrong) is a great value. It is in a highly desirable neighborhood, price-wise it is at the very bottom-end of the market, it is a highly desirable penthouse with two terraces (62m2 total) with views and no common walls, reasonable size and has a lot of potential after the reforma. Is it risky to buy now? As an investment, yes. As a home, no. But with risk comes opportunity.

    Nobody would have predicted that here in the San Francisco Bay Area that we would ever again see multiple bids for homes, and seller getting a lot more than asking price for their homes. But it is happening again, for the last 6 months.

    Changes can come quickly, even to Spain.

    Good post Gary. I particularly like your statement

    Is it risky to buy now? As an investment, yes. As a home, no. But with risk comes opportunity.

    My hunch (and it is just a hunch) is that the trough in prices will be reached this winter, even though interest in Spanish property will now increase, with the rise in other currency values and the perception that bargains are to be had. But as you say, changes can come quickly. If Spain were to change back to an independent currency, things would move very fast.

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