- This topic has 9 replies, 6 voices, and was last updated 15 years, 11 months ago by
.
-
Posts
-
-
All three are retiree havens, with Sun and warm weathers.
In Tampa area in Florida 50% of the people who bought in the last 5 years are at negative equity. 70% of people who bought in 2006 are at negative equity.
http://www.tampabay.com/news/business/realestate/article854037.ece
Same in many regions of California.
Is there any reason why Spain won’t have the same fate? I believe there
are much more empty properties in Spain and the prices are higher that in California or Florida in 2006. -
-
I don’t think you can compare Spain with the USA.
For European buyers (remember Brits are not the only buyers) Spain, Italy, Portugal & France will be more popular simply because they are closer, as well as being cheaper & easier to get into.
Also, if all you want is a holiday home (weekend getaway), the US is out given the distance.
Further, if you want to work you can throughout the EU without getting a work permit where as the US has some quite strict requirements for non US citizens.
-
-
-
Rob is correct on all points, no you can’t just nip off for a weekend. If you are not into the weekend thing a week is ample though. What is a few hours more flying time, especially if things are better at the other side.
Florida…official time to sell a house 113 days, in Spain about (at least) 1130! Prices have fallen, mainly in the areas of new build and not in good locations (will happen in Spain too). On the Gulf Coast they are looking sensible but haven’t crashed. Where in Spain could you get a detached house in a decent sized plot with 3/2 and a heated pool for a couple of hundred thousand euros (plus a state of the art kitchen) . Downside, local taxes are expensive, practically no hope of living there year round. Rentals are good though, huge catchment area (including Canada, lots of snowbirds wintering)
Lots of pros and cons but you will never be able to live there year round, unless you invest big bucks or are a celeb. If it were possible I would be there!
-
@rob6578 wrote:
I don’t think you can compare Spain with the USA.
For European buyers (remember Brits are not the only buyers) Spain, Italy, Portugal & France will be more popular simply because they are closer, as well as being cheaper & easier to get into.
Also, if all you want is a holiday home (weekend getaway), the US is out given the distance.
Further, if you want to work you can throughout the EU without getting a work permit where as the US has some quite strict requirements for non US citizens.
Well, I was not refering to European buyers… There are millions of babyboomers in USA and Canada who would love to spend their retirement periods in warmer climates… And tens of millions of people who want to holiday in the same areas.
-
-
@rob6578 wrote:
I don’t think you can compare Spain with the USA.
I think you can, only worse. Spain is year or more behind the USA. The market is much larger in the US than Spain, including wealthy buyers from south America, so it’s even worse here. 4+ million home built in the last 5 years
700,000 dollar apartment in Miami for 250k and it will be the same here…
-
Yes , Please let me know when the prices go down in Andalucia, I am waiting for that to buy my retirement home. But I am not looking to be on the sea shore, a small town home will do me just well.
Here in Scottsdale the prices tripled 4 years ago , and now just started to go down a little. But nothing is selling , the inventory keeps going up.
I will be in Andalucia in May , for vacation and looking to buy.
Regards
David
-
- The forum ‘Spanish Real Estate Chatter’ is closed to new topics and replies.
