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Article in the Sunday Mail I thought quite interesting.
Having broken in, unfortunately they’ll find that their properties are pretty worthless now, what seemed cheap to buy still included up to 30% agent’s comm. often British Agents mis-selling again well, those that left Spain for new laughable ‘hot spots’!
Bulgaria is pretty downmarket too, Winters are not nice and there’s not much to do either. Who is going to buy these c–p apartments now?
In the comments below a few speak of big problems in Turkey. I posted the Goa problems, heard of the same in Egypt. Like Spain, they only wanted the British to buy their properties not actually live in them! Wonder where the next big “bust” will be 😕 😆
We have sold our Spanish home, will keep the Florida one for now, it is profitably rented and never had any problems whatsoever. Now have a lovely period home in a super UK village. Doubt if we will ever buy a home in the sun again. Bahamas and Barbados is tempting 😉 😆
From now on it is luxury hotels for us…and it won’t be Spain!
IMO the standard of homes in Florida and U.S. in general, knocks Spain’s, Bulgaria’s, Turkey’s etc into a cocked hat. There’s no comparison really for quality, the grass verges and roads seem buch better kept, it just seems a lot cleaner to me, even more so than in the UK.
I’d rather have to keep a home in the U.S. given a choice and some of the Caribbean Islands have the same American quality in their properties.
Weighing up the costs though, it has to be cheaper and more variation to holiday in hotels than to buy, and no hassle or security worries either when you’re away.
When you look at what is happening re. horrendous maintenance/community charges and now the local Town Hall just willy-nilly handing out humungus bills for ‘contributions for infrastucture’, it barely makes financial sense to buy a ‘holiday home’ in Spain anymore (not to mention all the uncertainties surrounding their corrupt games). The Spanish authorities have only themselves to blame for that. The flexibility of luxury hotel-ing it anywhere in the world seems far more attractive.
Wish you many happy years in your new home Katy! 😀
hotels are ok if you can afford them i was looking to take my family to kos for a week in april for the 4 of us it was £2800 far to expensive for my little wallet.yet hieght of summer private villa with pool and flights for 3 weeks £2850,so i will be taking villa holidays and not rushing to beat the germans to get my towel down
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