The Great Spanish Property Debate

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This topic contains 11 replies, has 9 voices, and was last updated by Profile photo of Anonymous Anonymous 9 years, 5 months ago.

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  • #52936
    Profile photo of Anonymous
    Anonymous
    Participant

    The other day I took part in a debate on the state of the Spanish property market. It was hosted by Nubricks.com, with Martin Dell from Kyero.com and Wynn Williamson from Aguirre Newman.

    If you are interested you can listen to it here:

    http://www.nubricks.com/archives/351/spanish-property-podcast-2/

    Mark

  • #72834
    Profile photo of Anonymous
    Anonymous
    Participant

    I have just listened to the whole podcast. Excellent discussion and a ‘must hear’ for anyone interested in Spanish property.

  • #72837
    Profile photo of mike
    mike
    Participant

    @Rawlins wrote:

    I have just listened to the whole podcast. Excellent discussion and a ‘must hear’ for anyone interested in Spanish property.

    Fascinating.

    The positives
    People like Spain
    People will still make money in the long term (5 to 10 years)

    The negatives
    Reduced interest in Spanish property
    It takes on average 3 years to sell a property
    The market is corrupt
    Excess supply
    The wrong types of property have been built
    Unsustainable communities
    Statistics on prices uncertain because of black money

    Great quotes (not verbatim)
    “Correction, not a crash”
    “The cycle is slowing a bit”
    “50% of the economy relies on property so the government won’t allow a crash”
    “Black payments reducing so actual prices may be going down already”
    “Developers often under declare square metres”
    “Estate agent commission is typically 5% and often 2% or 3%”

    My favourite was the government not allowing a crash to happen. I suppose the government will have a big red button in the basement with a sign saying “push to stop housing crash”.

    The discussion about developments with golf courses being attractive investments amused me.

  • #72858
    Profile photo of Anonymous
    Anonymous
    Participant

    what a pity that the Spanish goverment have not got a big red button that they can push…..
    and all the corrupt developers,officials, estate agents,solicitors,politicians,Judges..
    will all fall into a black hole….. or am I being too harsh???

  • #72864
    Profile photo of Anonymous
    Anonymous
    Participant

    bettyboo

    to harsh?, no no no!

    ……… is there a black hole deep enough?

  • #72865
    Profile photo of mike
    mike
    Participant

    @bettyboo wrote:

    what a pity that the Spanish goverment have not got a big red button that they can push…..
    and all the corrupt developers,officials, estate agents,solicitors,politicians,Judges..
    will all fall into a black hole….. or am I being too harsh???

    Hi Betty. I think that is the crux of the matter. The UK is a great place to do business because you can have faith in the system. I know Spain will get there but maybe in some areas it has still to fully develop.

  • #72866
    Profile photo of Anonymous
    Anonymous
    Participant

    @goodstich44 wrote:

    bettyboo

    ……… is there a black hole deep enough?

    I’m thinking a fiery red hole myself 😡

  • #72867
    Profile photo of Anonymous
    Anonymous
    Participant

    Suzanne , Mark contributed several articles to a Sunday Times supplement this week,regarding the Costa Azahar region ,all very absorbing stuff ,however one article did provide a link to two UK based solicitors ,one of which Irwin Mitchell are dealing with several cases In the Almeria provence in respect of illegal build,both practices listed have Spanish offices and may be of use to people thinking of buying in Spain ,to contact in the first instance.

    Both firms have very informative web sites which are listed as follows ;

    http://www.irwinmitchell.com, and Davies Arnold Cooper at http://www.dac.co.uk ,might be worth a look. By way of a diversion I came across a truly superb web site devoted to Spanish wild life titled iberiannature, extremely well detailed and readable ,and provides a fascinating insight into the quite exotic wildlife that is a bit closer than you think !!.

    Appreciate however, that for some at the moment , they have probably had more than enough exposure to to exotic wildlife.

  • #72880
    Profile photo of Anonymous
    Anonymous
    Participant

    slight problem with link in previous message (inclusion of comma in address)
    http://www.irwinmitchell.com
    or (marbella office page)
    http://www.irwinmitchell.com/Contact/Marbella-Solicitors-Spain.htm

    🙂

  • #72883
    Profile photo of Anonymous
    Anonymous
    Participant

    Thank Gary & Nick,

    Have dropped a line to Irwin Mitchell today & it will be interesting to hear some views from them.

    Found the site on Iberian Wildlife Gary –

    Another nice one to look at=

    http://www.discoveringdonana.com

    Hope to go there one day – looks very beautiful

  • #72891
    Profile photo of katy
    katy
    Spectator

    Suzanne, you should go very soon, according to many environmentalists it could disappear shortly. main problems, construction and the draining of the marshes for irregation water!

  • #72892
    Profile photo of Anonymous
    Anonymous
    Participant

    🙁 🙁 🙁

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