One of my favourite pastimes..


This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 6 years, 10 months ago.

  • Author
  • #55337
    Profile photo of Anonymous

    …Keeping an eye on Fotocasa and having one of those moments of clarity.

    An Spanish ex-colleague of mine returned to Spain early this year after working in the UK. Fluent in English, MSc in science related subject and working as a professional software engineer for a blue chip company earning £40k ish. He’s 30.

    He’s now working in the same field back in the South of Spain earning just under 35k Euros.

    Reasonable 3 bed (holiday) apartments in Almeria are 250k~300k. This is almost 10 times his salary.

    1) He’s probably in the top 5% of the population in the educational stakes
    2) Southern Spain is the least sophisticated part of Spain, hence low salaries for the unskilled, semi-skilled.
    3) Massive over supply of property.
    4) Foreign property investment well and truly dead.

    250~300k Euros!!! There is only one way to go.

  • #95565
    Profile photo of Anonymous


    I wondered what was ‘coming’ after seeing that title!!

You must be logged in to reply to this topic.