- This topic has 16 replies, 6 voices, and was last updated 11 years, 6 months ago by
.
-
Posts
-
-
Pilar Martínez, the Minister for Architecture, Housing and Land, has said that Spanish home-builders should go to Algeria if they want to build new homes, by which she meant don’t expect any help from the Government if you want to build in Spain, where there is an infamous glut of new homes. “One should build where there is a shortage of housing,” she said.
-
-
I visited Algeria years ago logan, when it was relatively safe too. However that all changed some years ago, a town called ‘Blida’ of all names which we went to then, later had extremists visit one night who massacred including cutting the throats of 100 locals one night. Many foreigners were targeted after that, many left or had to have armed guards on trains etc. We have a friend who works in the Foreign Office there now and involved with the oil refinery killings recently.
Attractive country though, has a ski resort which looks more European, some good wines, interesting but huge Casbah, great coastline. Not sure if it will ever be totally safe, the extremists more or less have carte-blanche to cross borders with Tunisia, Morocco, etc
Plenty of land for development, but who would risk it? 🙄
-
@angie wrote:
Plenty of land for development, but who would risk it? 🙄
Perhaps one for the long term, fifty years perhaps. Too long to make any sense. This minister has lost her marbles. 🙂
-
Maybe the Minister is getting mixed up with what was known as the Spanish Sahara, and thinks that Spain still owns it, however it was further West than Algeria 🙄
With the Islamist potential for problems in the region, I would not want a property even in Morocco, if ever an attack was made on any development occupied/owned by Westerners in North Africa, the property values would no doubt plummet. It’s a not impossible scenario one day 🙄
-
@angie wrote:
Maybe the Minister is getting mixed up with what was known as the Spanish Sahara, and thinks that Spain still owns it, however it was further West than Algeria 🙄
With the Islamist potential for problems in the region, I would not want a property even in Morocco, if ever an attack was made on any development occupied/owned by Westerners in North Africa, the property values would no doubt plummet. It’s a not impossible scenario one day 🙄
What about buying a property in Egypt? Quite a few Brits have bought property in Egypt because of the year round fantastic weather and because they don’t have to pay VAT, council tax, high utility bills. I will definitely recommend a balloon trip over the Pyramids at Luxor if you want the adventure of your life. 😆 😆 😆
-
I considered investing in a property in Morocco many summers ago. I wanted one of those wonderful old town houses which were going for a song and needed restoration. Now they cost a small fortune.
I suppose in the end it was the political situation when Hassan 11 was on the throne which put me off. That and the poverty which was everywhere and made me feel very uncomfortable.
-
This a typical way a Spanish politician operates, as to how they approach their jobs. Ignorant about world affair, racial/relegious sensativities, timing of making a statement, not knowing furthern than what is happening in his/her city/pueblo.
She, may well tell the Builders that their market is saturated for years to come i.e. if they needed a reminder. Instead of using words like find a new market she gives Algeria as a place to go. With housing minister of this calibre I would not be taking a direction from her.
The forum users will recall the ex housing minister who was blaming the English for the illegal builds and changing the cuture & hinting that they the English should go back.
-
Guys I think you should take it easy on this Pilar Martínez. The fact that a Spanish politician has effectively told Spanish builders to “stop bloody building in Spain, we’ve got too many houses as it is!” is music to my ears. The Algerian reference was probably tongue in cheek, or maybe just telling them that they’ve had it easy and from now on they’ve got to go out into the big wide world and get their hands dirty in order to get the work.
-
-
@Chopera: I do appreciate that her statement may have been taken out of context & may have been made tongue in cheeks.
However, she is a minister of a area that is in dire state along with ministery of emplyment. I do not think addressing the sector needs to be tongue in cheek. ( even allowing for the Spanish sense of humour/irony) I also dont think she is in a better place to know more about the state of the market than the developers themselves. The developers are well aware of it & also banks are not going to lend to build anything in Spain even if they wish to do so..
If the Developers need’s to be reminded by a minister that there is a bigger world outside. In this case the developers ignorance of the geo political/economical affairs will concern me.
-
-
@logan wrote:
‘Take it easy on a Spanish politico’, Chopera, never. 👿
Even when they’re giving Spanish builders a hard time?
-
@shakeel wrote:
@Chopera: I do appreciate that her statement may have been taken out of context & may have been made tongue in cheeks.
However, she is a minister of a area that is in dire state along with minister of emplyment. I do not think addressing the sector needs to be tongue in cheek. ( even allowing for the Spanish sense of humour/irony) I also dont think she is in a better place to know the state of the market than the developers themselves. The developers are well aware of it & also banks are not going to lend.
If the Developers need’s to be reminded that there is a bigger world outside. It will concern me if they already did not know of this.
They may be aware of the bigger world outside but their basic instinct will still be to bribe the local council. Like the Monty Python dead parrot sketch, I bet there are a few developers out there who think the sector is “just resting” when it is patently dead!
-
@Chopera; The sector is having a very,very long siesta.
-
-
Yes, they will. As they have a very short term view and to maximise their profit’s by hook or crook. They dont beleive in establishing a good reputation and to see the buyer today will have off spring who will also buy from them in future and in the mean time their own off spring will walk into a job with pride and carry the name and heritage of the family/product.
One just have to see the quality of properties Fadesa built in Warsaw.
-
- The forum ‘Spanish Real Estate Chatter’ is closed to new topics and replies.
