[mike]

I read this report

http://www.independent.co.uk/news/europe/murders-prompt-eu-warning-for-bulgaria-over-organised-crime-806330.html

It comes a couple of days after I had a pint with a mate of mine who has been there on holiday a few times. He told me how he had clocked some of the people working one of the beaches and fleecing the tourists. It made me think that if we do go into a deep worldwide recession I wouldn’t want to be there as I get the impression that the people there would be more brutal in ensuring their own survival.

I know that Spain has its crime and all societies have nasty elements but I’d rather be in Spain during a recession than in Bulgaria.

[katy]

Yes, I agree. Spain has more going for it to survive a slump. Those so-called emerging markets will never emerge. Some agents here are flogging apartments in Egypt from 25,000 GBP (just think how many they will have to sell to earn the commission of one spanish property!) What will happen the Bulgaria etc properties will be mostly abandoned and local squatters will move in or they will strip them.

Someone I know bought a property in Turkey and the pool and facilities are overun by locals plus lots of pilfering. No-one os capable or willing to do anything about it.

[katy]

Yes, I agree. Spain has more going for it to survive a slump. Those so-called emerging markets will never emerge. Some agents here are flogging apartments in Egypt from 25,000 GBP (just think how many they will have to sell to earn the commission of one spanish property!) What will happen the Bulgaria etc properties will be mostly abandoned and local squatters will move in or they will strip them.

Someone I know bought a property in Turkey and the pool and facilities are overun by locals plus lots of pilfering. No-one os capable or willing to do anything about it.

[Anonymous]

I agree Mike, things may seem dire here in Spain, but, a country like Bulgaria which is beggining from a moral bankrupcy point of view is not a place I would want my family to live and work in.

At least in Spain we can guarantee the sun will shine even on an empty wallet.

[Anonymous]

I agree Mike, things may seem dire here in Spain, but, a country like Bulgaria which is beggining from a moral bankrupcy point of view is not a place I would want my family to live and work in.

At least in Spain we can guarantee the sun will shine even on an empty wallet.

[Anonymous]

Spain has some faults, especially when it comes to the property sector, but it’s basically a wonderful place, as are the people. Bulgaria doesn’t even bear comparison.

The fact that Bulgaria is even on the map as a property destination tells you all you need to know about the credulousness of overseas property investors.

Mark

[Anonymous]

Spain has some faults, especially when it comes to the property sector, but it’s basically a wonderful place, as are the people. Bulgaria doesn’t even bear comparison.

The fact that Bulgaria is even on the map as a property destination tells you all you need to know about the credulousness of overseas property investors.

Mark

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