@elizabeth C wrote:
Not many investments out there today would pay 16,000 euros + per year!
On a 450,000 euro investment?
With respect Elizabeth, pro rata I’m getting more than that with my money simply sitting in the bank with no taxes, maintenance etc. to worry about. Admittedly not a British bank.
Most importantly, my capital is not going down in value each month, unlike investment in property at the moment.
I stand by my opinion, it is better to rent at the moment rather than buy into a sinking market. But it’s obviously just my opinion.
Weather, beaches, food and wine are pretty good in places like Greece and Italy too. Spain isn’t the only place that offer these.
As for this thread being a doom fest, I prefer to see it as a reality fest and has produced some good debate.