Spanish property and other bubbles

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This topic contains 8 replies, has 7 voices, and was last updated by Profile photo of Anonymous Anonymous 9 years, 6 months ago.

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  • #52941
    Profile photo of Anonymous
    Anonymous
    Participant

    Charles Dumas, chief economist at Lombard Street Research, is always worth listening to.

    Here he is on Spanish property and other bubbles at the FT:

    http://www.ft.com/cms/s/5893d526-f982-11db-9b6b-000b5df10621.html

    Mark

  • #72884
    Profile photo of Anonymous
    Anonymous
    Participant

    It gets worse -“not even God lives here” in Spain anymore…

    http://www.bloomberg.com/apps/news?pid=20601014&sid=aIRR78L10PQI&refer=funds

  • #72911
    Profile photo of Paul
    Paul
    Participant

    Mark, these comments are the reason some of us couldn’t quite agree with some of your positive recent posts, (not knocking you for that), it’s just that I agree with the economists more than the Spanish Gov’t and agent/developer led comments who are all trying to talk the market up when in reality it’s pretty much crashed already on the Costas etc where most Brits head for.

    I also don’t think their economy is quite as bullish as you think, Spain is not such a popular holiday destination as it was, it’s getting ‘samey’, and too expensive, and tourism is a strong part of their economy along with housing construction taxes etc which are falling.

  • #72913
    Profile photo of Anonymous
    Anonymous
    Participant

    It’s catch 22 though. The market is poor but the more bad publicity it gets then the worse the whole thing becomes.

    So many depressing stories about buying in Spain at the moment, it really doesn’t help anyone, apart from bargain hunter.

    I suppose someone will jump down my throat for this comment now after all the abuse I got in another thread.

  • #72914
    Profile photo of Anonymous
    Anonymous
    Participant

    Peters – can you give me an honest answer to what is an honest question?
    Are you an agent?

  • #72916
    Profile photo of Anonymous
    Anonymous
    Participant

    Charlie, if I were an agent I wouldn’t be here, that’s for sure, it’s been bad enough just being here as a property owner. I’m retired and happily living here now.

    In fact, I can’t take it here any longer, I’m retiring ffrom here too. This is so depressing. Somebody please start a more cheerful topic. Who needs trevor mcdonald, this forum is doing the best job in putting people off Spain.

    Adios.

  • #72917
    Profile photo of Anonymous
    Anonymous
    Participant

    peters wrote

    ‘So many depressing stories about buying in Spain at the moment, it really doesn’t help anyone, apart from bargain hunter’

    ….that is probably the most ridiculous comment i have seen on this website for quite a while. It’s either ignorance beyond belief, from someone that wouldn’t know the truth if they fell over it, or the words of a very nasty piece of work. I would only expect that rubbish from a dishonest agent/developer who’s lies and greed have come back to bite them?

    Or is it just a very poor attempt at a wind-up for fun?

  • #72918
    Profile photo of Anonymous
    Anonymous
    Participant

    Peters – looking through your posts, I think you would have had a more pleasant introduction to the forum if you hadn’t come on and started with personal attacks.

    Re. the other thread, discussing others views politely, whether you agree with them or not, is one thing.
    But to start getting too personal tends to tee people off.
    Personally, I agree with Katy when she said “Suzanne’s comments were not aimed at the EOS but the Lawyers who were giving the interview”.

    I can’t see anywhere where she “slated” Justin or his website.

    Thank you for your honest answer however, and am pleased for you that you are happily living in Spain. However you have to realise that there are a lot of people here that are not so fortunate and who are caught up in the middle of all the current corruption, looking at losing most of their savings or are caught up in nightmare court cases.

    There are some superb knowledgable contributors here, including lawyers, and if everyone calms down a bit and you give it time, you will discover the value of SPI.

  • #72923
    Profile photo of Anonymous
    Anonymous
    Participant
    peters wrote:
    In fact, I can’t take it here any longer, I’m retiring ffrom here too. This is so depressing. Somebody please start a more cheerful topic. Who needs trevor mcdonald, this forum is doing the best job in putting people off Spain.

    Adios.

    Let’s cry because of prices falling in Spain. What is it so depressing about it? That some people might be able to purchase a house where they can live, wihtout paying an arm and a leg?

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