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This is going to be a dilemma for many.
Prices are coming down (down 8.4% in the second quarter according to the Ministery Fomento)
Yet various tax changes, iva and desgravacion will mean that charges will be a lot more if buying in 2013.
Add into the factor though that the number of purchases will probably now rise over the next few months (as people strive to avoid the changes) and thus prices will now probably hold steady until the new year (when there will probably be a further drop).
http://www.idealista.com/news/archivo/2012/07/13/0486323-el-gran-dilema-compro-piso-o-espero
It’s an artificial situation, and tbh it scares me. Scope to make a financial error either way (buy now or wait until the drops of next year).
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@DBMarcos99 wrote:
This is going to be a dilemma for many.
Prices are coming down (down 8.4% in the second quarter according to the Ministery Fomento)
Yet various tax changes, iva and desgravacion will mean that charges will be a lot more if buying in 2013.
Add into the factor though that the number of purchases will probably now rise over the next few months (as people strive to avoid the changes) and thus prices will now probably hold steady until the new year (when there will probably be a further drop).
http://www.idealista.com/news/archivo/2012/07/13/0486323-el-gran-dilema-compro-piso-o-espero
It’s an artificial situation, and tbh it scares me. Scope to make a financial error either way (buy now or wait until the drops of next year).
No need to be scared. For most foreigners it’s pretty simple – you should wait until next year at the earliest. The removal of desgravación only affects those who pay income tax in Spain (i.e. the Spanish and a few others) so most foreign buyers will not benefit from buying now. The increase in VAT on property at the end of the year only applies to new builds, and most of those are still stupidly over-priced, and the other measures will make property less affordable for people living in Spain. Take into account that there may well be more austerity to come, the possibility of the world economy grinding to a halt next year (according to Roubini at least), and a weakening euro, then everything indicates that prices will be quite a bit lower this time next year.
In earlier posts I was saying that it might be worth looking around now if you are a cash buyer who is able to snap up a bargain quickly, since I’ve been seeing a few decent properties being heavily reduced, but now I think it just isn’t worth it. There are going to be a hell of a lot more motivated sellers on the market pretty soon.
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@DBMarcos99 wrote:
This is going to be a dilemma for many.
Prices are coming down (down 8.4% in the second quarter according to the Ministery Fomento)
Yet various tax changes, iva and desgravacion will mean that charges will be a lot more if buying in 2013.
Add into the factor though that the number of purchases will probably now rise over the next few months (as people strive to avoid the changes) and thus prices will now probably hold steady until the new year (when there will probably be a further drop).
http://www.idealista.com/news/archivo/2012/07/13/0486323-el-gran-dilema-compro-piso-o-espero
It’s an artificial situation, and tbh it scares me. Scope to make a financial error either way (buy now or wait until the drops of next year).
No need to be scared. For most foreigners it’s pretty simple – you should wait until next year at the earliest. The removal of desgravación only affects those who pay income tax in Spain (i.e. the Spanish and a few others) so most foreign buyers will not benefit from buying now. The increase in VAT on property at the end of the year only applies to new builds, and most of those are still stupidly over-priced, and the other measures will make property less affordable for people living in Spain. Take into account that there may well be more austerity to come, the possibility of the world economy grinding to a halt next year (according to Roubini at least), and a weakening euro, then everything indicates that prices will be quite a bit lower this time next year.
In earlier posts I was saying that it might be worth looking around now if you are a cash buyer who is able to snap up a bargain quickly, since I’ve been seeing a few decent properties being heavily reduced, but now I think it just isn’t worth it. There are going to be a hell of a lot more motivated sellers on the market pretty soon.
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@Chopera wrote:
@DBMarcos99 wrote:
This is going to be a dilemma for many.
Prices are coming down (down 8.4% in the second quarter according to the Ministery Fomento)
Yet various tax changes, iva and desgravacion will mean that charges will be a lot more if buying in 2013.
Add into the factor though that the number of purchases will probably now rise over the next few months (as people strive to avoid the changes) and thus prices will now probably hold steady until the new year (when there will probably be a further drop).
http://www.idealista.com/news/archivo/2012/07/13/0486323-el-gran-dilema-compro-piso-o-espero
It’s an artificial situation, and tbh it scares me. Scope to make a financial error either way (buy now or wait until the drops of next year).
No need to be scared. For most foreigners it’s pretty simple – you should wait until next year at the earliest. The removal of desgravación only affects those who pay income tax in Spain (i.e. the Spanish and a few others) so most foreign buyers will not benefit from buying now. The increase in VAT on property at the end of the year only applies to new builds, and most of those are still stupidly over-priced, and the other measures will make property less affordable for people living in Spain. Take into account that there may well be more austerity to come, the possibility of the world economy grinding to a halt next year (according to Roubini at least), and a weakening euro, then everything indicates that prices will be quite a bit lower this time next year.
In earlier posts I was saying that it might be worth looking around now if you are a cash buyer who is able to snap up a bargain quickly, since I’ve been seeing a few decent properties being heavily reduced, but now I think it just isn’t worth it. There are going to be a hell of a lot more motivated sellers on the market pretty soon.
Thanks for that info. I’m reverting back to a 2013 plan and am looking at second hand places (especially as I may have to wait until then for some capital).
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@Chopera wrote:
@DBMarcos99 wrote:
This is going to be a dilemma for many.
Prices are coming down (down 8.4% in the second quarter according to the Ministery Fomento)
Yet various tax changes, iva and desgravacion will mean that charges will be a lot more if buying in 2013.
Add into the factor though that the number of purchases will probably now rise over the next few months (as people strive to avoid the changes) and thus prices will now probably hold steady until the new year (when there will probably be a further drop).
http://www.idealista.com/news/archivo/2012/07/13/0486323-el-gran-dilema-compro-piso-o-espero
It’s an artificial situation, and tbh it scares me. Scope to make a financial error either way (buy now or wait until the drops of next year).
No need to be scared. For most foreigners it’s pretty simple – you should wait until next year at the earliest. The removal of desgravación only affects those who pay income tax in Spain (i.e. the Spanish and a few others) so most foreign buyers will not benefit from buying now. The increase in VAT on property at the end of the year only applies to new builds, and most of those are still stupidly over-priced, and the other measures will make property less affordable for people living in Spain. Take into account that there may well be more austerity to come, the possibility of the world economy grinding to a halt next year (according to Roubini at least), and a weakening euro, then everything indicates that prices will be quite a bit lower this time next year.
In earlier posts I was saying that it might be worth looking around now if you are a cash buyer who is able to snap up a bargain quickly, since I’ve been seeing a few decent properties being heavily reduced, but now I think it just isn’t worth it. There are going to be a hell of a lot more motivated sellers on the market pretty soon.
Thanks for that info. I’m reverting back to a 2013 plan and am looking at second hand places (especially as I may have to wait until then for some capital).
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@Chopera wrote:
@DBMarcos99 wrote:
This is going to be a dilemma for many.
Prices are coming down (down 8.4% in the second quarter according to the Ministery Fomento)
Yet various tax changes, iva and desgravacion will mean that charges will be a lot more if buying in 2013.
Add into the factor though that the number of purchases will probably now rise over the next few months (as people strive to avoid the changes) and thus prices will now probably hold steady until the new year (when there will probably be a further drop).
http://www.idealista.com/news/archivo/2012/07/13/0486323-el-gran-dilema-compro-piso-o-espero
It’s an artificial situation, and tbh it scares me. Scope to make a financial error either way (buy now or wait until the drops of next year).
No need to be scared. For most foreigners it’s pretty simple – you should wait until next year at the earliest. The removal of desgravación only affects those who pay income tax in Spain (i.e. the Spanish and a few others) so most foreign buyers will not benefit from buying now. The increase in VAT on property at the end of the year only applies to new builds, and most of those are still stupidly over-priced, and the other measures will make property less affordable for people living in Spain. Take into account that there may well be more austerity to come, the possibility of the world economy grinding to a halt next year (according to Roubini at least), and a weakening euro, then everything indicates that prices will be quite a bit lower this time next year.
In earlier posts I was saying that it might be worth looking around now if you are a cash buyer who is able to snap up a bargain quickly, since I’ve been seeing a few decent properties being heavily reduced, but now I think it just isn’t worth it. There are going to be a hell of a lot more motivated sellers on the market pretty soon.
Good post Chopera.
Keep your eyes open and you may find what you are looking for at the right price but don’t be reckless about it. You can never guarantee anything but with moves like this I can almost guarantee you that prices will be lower in a year if buying second hand in general.
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@Chopera wrote:
@DBMarcos99 wrote:
This is going to be a dilemma for many.
Prices are coming down (down 8.4% in the second quarter according to the Ministery Fomento)
Yet various tax changes, iva and desgravacion will mean that charges will be a lot more if buying in 2013.
Add into the factor though that the number of purchases will probably now rise over the next few months (as people strive to avoid the changes) and thus prices will now probably hold steady until the new year (when there will probably be a further drop).
http://www.idealista.com/news/archivo/2012/07/13/0486323-el-gran-dilema-compro-piso-o-espero
It’s an artificial situation, and tbh it scares me. Scope to make a financial error either way (buy now or wait until the drops of next year).
No need to be scared. For most foreigners it’s pretty simple – you should wait until next year at the earliest. The removal of desgravación only affects those who pay income tax in Spain (i.e. the Spanish and a few others) so most foreign buyers will not benefit from buying now. The increase in VAT on property at the end of the year only applies to new builds, and most of those are still stupidly over-priced, and the other measures will make property less affordable for people living in Spain. Take into account that there may well be more austerity to come, the possibility of the world economy grinding to a halt next year (according to Roubini at least), and a weakening euro, then everything indicates that prices will be quite a bit lower this time next year.
In earlier posts I was saying that it might be worth looking around now if you are a cash buyer who is able to snap up a bargain quickly, since I’ve been seeing a few decent properties being heavily reduced, but now I think it just isn’t worth it. There are going to be a hell of a lot more motivated sellers on the market pretty soon.
Good post Chopera.
Keep your eyes open and you may find what you are looking for at the right price but don’t be reckless about it. You can never guarantee anything but with moves like this I can almost guarantee you that prices will be lower in a year if buying second hand in general.
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And that is why this website is called ‘Spanish Property Insight’, two reasoned replies from Ardun and chopera as to why people should wait : 🙄
Remember that quote ‘a bargain property is not the same as a good value property’ it depends on lots of factors 😉
Plenty of what look like bargains on paper, but the location or build? 🙄
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And that is why this website is called ‘Spanish Property Insight’, two reasoned replies from Ardun and chopera as to why people should wait : 🙄
Remember that quote ‘a bargain property is not the same as a good value property’ it depends on lots of factors 😉
Plenty of what look like bargains on paper, but the location or build? 🙄
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It may be a dilemma and one has to take a view if one wants to buy as a short or long term investment.
If one is buying for retirement or life style than perhaps what is more important is the location & the right property. If one is lucky enough to find a property in the confusion/en efficienmt system than one should go for it.
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It may be a dilemma and one has to take a view if one wants to buy as a short or long term investment.
If one is buying for retirement or life style than perhaps what is more important is the location & the right property. If one is lucky enough to find a property in the confusion/en efficienmt system than one should go for it.
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@logan & angie
When I say go for it I meant just dont dive into it. There is plenty on the forum to educate oneself and if one still wants to buy. Than they should go for it.As I do not feel that not knowing all the personal situation. I could say buy or not to buy that is the question.
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Angie – Are you involved or not in selling London/SE England properties? If so please admit you have a vested interest.
Logan has already admitted earlier today that he’s a VI – he owns several French properties.It doesn’t mean that you can’t continue on here rubbishing Spanish property, more so if you can produce valid arguments.
However – it’s interesting that I’ve been attacked constantly on this site falsely for being a agent or VI. ❗
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@DBMarcos99 wrote:
However – it’s interesting that I’ve been attacked constantly on this site falsely for being a agent or VI. ❗
Do you Marcos have any links whatsoever to the selling of Spanish property or their agents or web sites that do the same?
If so your personal interests should be declared so readers can judge if your advice and opinions are independent or not.
Only fair n’est-il par. 🙂 -
@logan wrote:
@DBMarcos99 wrote:
However – it’s interesting that I’ve been attacked constantly on this site falsely for being a agent or VI. ❗
Do you Marcos have any links whatsoever to the selling of Spanish property or their agents?
No.
Never sold a Spanish property. To date I haven’t bought one (although I hope to be doing so in the next year I’m quite honest that it depends on several factors, not all of them connected with the spanish market value).
I do however know different people living in Spain, but I don’t know any of them who are selling – and even if I did I wouldn’t waste time trying to plug their sales here, Mark would soon delete it. I know I’ve linked to a guy via twitter who sells houses as well as internet marketing, but never met nor spoken in person to him. I also have bookmarked links and twitter connections with sites such as thespanishbrick which are useful, but again I don’t know the people personally,
I mentioned your id Logan, because of your admission earlier as regards the French property, but it’s the likes of Angie i’ve got a bone with. She’s been making this accusation that I’m either an agent or trying to tout for one, for some time now.
I’m particularly aggrieved now because some off-board stalking has taken place (a user has already admitted to researching me via the net). I’ve recieved emails from someone claiming to be interested in moving to Spain (fair enough and perhaps I should give them this site address) but they are asking “can you recommend me agents…”
I think I’ll send Mark a message with the guys’ surname (although it could be a made-up email name) to see if it tallies with a user here. One thing to get this kind of thing on the board, but I draw the line at the stalking elsewhere. In fact I’m hoping it isn’t Angie (or her side-kick). Let’s hope it’s just me being paranoid.
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DBMarcos99 aka Steviedeluxe on Britishexpats.com, I can categorically say that I am not involved in anyway at all in selling London/SE England properties, nor UK properties, nor foreign properties, nor any properties, with one exception that one day I might sell my own property through an agent as most normal people do, and if you know differently then please tell us all, failing which you are talking absolute poppycock yet again? : Your failure to come up with any proof of your insinuation would constitute your utter paranoia by the way 🙄
However, I agree with logan that should you have any interest or connection with ANY agent in Spain, or in the promotion of holiday homes of any sort, then you should declare it on here along with your true identity please? : 🙄 :
Be sure of your facts though!
BTW You keep mentioning ‘stalking’, in your dreams, as if you are someone important, I can’t think why anyone would want to stalk you frankly 😆 Paranoia 🙄
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I’m not sure what to think about him dartboy but I’m minded to look into things (although he will accuse me of stalking, I thought people stalked celebrities or lovers) since he’s almost accused me of selling homes in London and SE England.
Will he retract the above accusation? I doubt it!
Anyway, because of his post, and in the interest of transparency I will declare that this last 10 minutes I did Google search the name Steviedeluxe on Britishexpats.com not a website I use nor am a member of, in fact I don’t yet know my way around it. An Avatar shows for Steviedeluxe which one can click on and it gives 3 options: view public profile which I tried but wouldn’t let me (not a member), Visit his homepage and Find more of his posts both of which it allows. I also Google search the name DBMarcos99 and there’s links to computer stuff and web developing etc which I know little about.
His homepage took me to a site called Cantabriaholidayhome.co.uk featuring a property in the North of Spain.
The point here is, it took a few minutes that’s all, people like him tend to leave footprints and one link leads to another I suspect.
Clearly he does not like me, he no doubt hopes I leave the Forums or be forced off, nor likes me and a few others telling the problems in Spain despite the fact that I’ve mentioned how we’ve helped many people there, how we still warn people of the pitfalls, how it is risky at present, how we like lots of Spain and it’s food and wine etc, and the fact that we have quite a lot of friends there including those who want to sell and return but cannot and we’d love them to be able to do so etc etc
I am now more intrigued, but does this constitute stalking? 🙄
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Yes katy you are absolutely right there 😛
I do confess that back in the old days of Spain’s property boom, a few of us did go to the Excell Centre Docklands, The Grosvenor House Hotel, Sandown Park, Taunton racecourse, and several other London hotels and a few in Sussex and Kent, I think that’s the lot, specifically to target Ocean Estates and only them, for mis-selling to Brits following our experiences with them.
At several venues we were surrounded by would be buyers and others who had previously been sold ‘the dream’ but could not flip them nor want to pay further payments on properties that were unfinished despite being told to by Ocean’s in house lawyers. It was a nightmare for these people some fuelled by quick returns promised, but others who had sunk their life savings into a property or two/three they were told ‘you cannot lose’. Many people we met and who contacted us were in tears, they were elderly, lots of Irish buyers too. We did help a lot of them extricate themselves from bad situations.
Whilst I’ve not got on with some agents even on here at times, I’ve never acted like that with them as we did with Ocean. We asked for no payment whatsoever, nor did we receive any, all we wanted was to help those being misled by Ocean, unfortunately some others like Interealty (now also gone) copied their model.
We did receive lots of thank you’s which made it worthwhile.
This is factual, it does not mean I/we do not like Spain as portrayed by some, we visit it several times a year and we are not looking to buy again nor wait for prices to fall further to take advantage, we learnt by our mistakes and others’.
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@angie wrote:
DBMarcos99 aka Steviedeluxe on Britishexpats.com, I can categorically say that I am not involved in anyway at all in selling London/SE England properties, nor UK properties, nor foreign properties, nor any properties, with one exception that one day I might sell my own property through an agent as most normal people do, and if you know differently then please tell us all, failing which you are talking absolute poppycock yet again? : Your failure to come up with any proof of your insinuation would constitute your utter paranoia by the way 🙄
I don’t believe you one iota..
@angie wrote:
We’ve sold lots of UK properties and have never had to pay an agent more than 1.5% commission although some try to ask for 1.75-2%. I think this is one of the factors for the UK’s more lively property markets and of course the undersupply in the UK.
Transaction costs have to be factored in to buying and selling. 🙄
I really think there is much better value for money though in America, much better and larger properties for a lot less but they have restricted access unless you have a job an American can’t fill.
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@angie wrote:
I’m not sure what to think about him dartboy but I’m minded to look into things (although he will accuse me of stalking, I thought people stalked celebrities or lovers) since he’s almost accused me of selling homes in London and SE England.
Will he retract the above accusation? I doubt it!
Anyway, because of his post, and in the interest of transparency I will declare that this last 10 minutes I did Google search the name Steviedeluxe on Britishexpats.com not a website I use nor am a member of, in fact I don’t yet know my way around it. An Avatar shows for Steviedeluxe which one can click on and it gives 3 options: view public profile which I tried but wouldn’t let me (not a member), Visit his homepage and Find more of his posts both of which it allows. I also Google search the name DBMarcos99 and there’s links to computer stuff and web developing etc which I know little about.
His homepage took me to a site called Cantabriaholidayhome.co.uk featuring a property in the North of Spain.
The point here is, it took a few minutes that’s all, people like him tend to leave footprints and one link leads to another I suspect.
Clearly he does not like me, he no doubt hopes I leave the Forums or be forced off, nor likes me and a few others telling the problems in Spain despite the fact that I’ve mentioned how we’ve helped many people there, how we still warn people of the pitfalls, how it is risky at present, how we like lots of Spain and it’s food and wine etc, and the fact that we have quite a lot of friends there including those who want to sell and return but cannot and we’d love them to be able to do so etc etc
I am now more intrigued, but does this constitute stalking? 🙄
Anyone who wants my name in real life can send me a pm. As before I can state I own no property in Spain currently (not that it is a crime if I did) and am certainly not trying to sell to anyone.
On the other hand there is a poster who claims on one post to have sold “loads of properties” in the UK and is now claiming that the only exception may be her current property “one day”
You decide who is trying to deceive.
I must admit I thought I was being paranoid regarding the email stalking, but I’m getting more concerned about this character “Angie”. Please everyone be on guard about this character.
PS far from trying to force you off the forum, I’d sooner keep away myself. You are obviously unhinged and not averse to blatant lies.
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I think individual posters credibility is important. Readers need as Katy said to make up their own minds if an opinion has that credibility or ring of truth. I have never made a secret that I used to be a developer, property investors and yes speculator in Spain some years ago. The same in France although now the activity has ceased due to my age and the economic situation. However I still try to keep up to date with markets and developments in the sector.
As we all know the sellers of property or their agents, web sites etc spin and gloss the realities of property or living a life in Spain. The worst example of this was ‘A Place in the Sun’ on TV which is still going and they are still spewing the same old merd.
I personally hate to see people conned in any form. I have seen it so often in my life in Spain and the results are sometimes heartbreaking.
This forum I hope rises above all the hyperbole attached to selling properties and offers a real alternative to would be investors or buyers. A form of counter culture which agents and sellers detest because it cuts directly across their interests.
Long may we continue.
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logan, I must answer DBM’s desperate post 😆
First, do I care that he doesn’t believe me one iota? I don’t have to convince someone so paranoid. I’m sure if he trolls back through the early years of my posts he will find references to my facts 😡
Secondly, I have sold lots of UK properties, OURS MARCOS, you know private properties, not for an agent, never worked for one either.
The exact number of properties we have bought in the UK over many years is 15, we have also sold 14 of them, hence my numeracy makes that 1 we haven’t sold, our current property, we still live in it Marcos. We also sold a property that was left to us.
We have bought 2 properties in Spain and sold 2 properties in Spain, OURS MARCOS.
We almost bought 1 plot of land in Cyprus for a house to be built, but the developer reneged on the deal.
The common factor Marcos and everyone on here is that we have never been conned or misled with any of our UK deals on properties.
We have only been conned and misled 3 times on our property deals, the 2 in Spain and the plot in Cyprus.
Says it all really Marcos, now who is unhinged with yet another wild accusation of yours? 😆
I thank you 8)
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I don’t think he has done anything to deserve this abuse, Angie. I’ve never thought he was an agent and even if he was he’s entitled to post here whether you like it or not.
edit: He’s an IT contractor, there is no way he would waste his time selling property, its job for uneducated monkeys, not for someone who can earn £100K without trying.
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peterhun, have a look at his abuse first, somewhat amazed you don’t mention that, look back a few posts on this topic 🙄 I’ve not said he is not entitled to post here either, please check your facts first!
He has though called katy a Troll, said we are both vindictive (we haven’t said that of him BTW), and got his facts completely wrong about me being an agent in London/SE England, I could post more if you wish 🙄
I have said I hope he’s not an agent as he could mislead people with his ‘talking up of the market’ whilst waiting for it to drop for himself, a bit unfair don’t you think? 🙄 :
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