[Anonymous]

Things are a bit quiet here – I think it’s because Mark took his picture down.
Certainly, putting the plus valía up to 20% should keep the second-hand housing market quiet… Well played, Mr Zapatero!

[katy]

Probably quiet ‘cos nobody out there remotely interested in buying a spanish property. Agents will say otherwise though 😉 😆

[logan]

For British people the Spanish property market must be a no go area both now to the medium to long term. (5 years). Sterling will remain depressed against the Euro as long as the public debt remains so high and the UK economy shows little growth.
Recent tax hike moves by the Spanish government seem to be compounding the misery.
One Spanish Bank I contacted this week has 8000 repossessions on its books. Last year that same bank had 500.
I think that say’s it all.

[Anonymous]

The banks are really being silly and in many cases opportunist. The later is what they are meant to do anyway.

A friend of mine had handed his property to the bank after seven years of being a good customer never missed a payment as the banks were not willing to bring forward his interest renewal date or willing to convert the mortgage to interest only for two years.

With this kind of attitude. I am not surprised that the tally of properties on their books is rising on a daily basis.

[katy]

http://www.diariosur.es/20090921/economia/turismo-espana-sigue-caida-200909211235.html

British tourists down 15.9% in August, Germans 10.8% down. Was also down last year so don’t know the comparison with say 3 years ago. Would think this also refects on the property market. Not likely to buy if they can’t spend two weeks in the sun 🙁

[Anonymous]

It doesn’t seem like that on the ground, Monarch and Easyjet have been running two flights a day during the summer months from Luton, all have been full or near.
Malaga airport seems to have been heaving as normal and traders that I have spoken with are pleased with the summer period.
I do think however that much of it has been last minute and if I understand it, the article reports up to the end of July

Edited to say
just read the article again can’t make out if its to the end July or August, but I can understand that Spain had over

37 MILLION VISTORS STILL and if they all spend on average 500 euros each
WOW

[Anonymous]

@Stevev6 wrote:

It doesn’t seem like that on the ground, Monarch and Easyjet have been running two flights a day during the summer months from Luton, all have been full or near.
Malaga airport seems to have been heaving as normal and traders that I have spoken with are pleased with the summer period.
I do think however that much of it has been last minute and if I understand it, the article reports up to the end of July

Edited to say
just read the article again can’t make out if its to the end July or August, but I can understand that Spain had over

37 MILLION VISTORS STILL and if they all spend on average 500 euros each
WOW

I do not know how it is in a good year, but Riviera del Sol was almost desolate in August. As it is a woefully crowded place, Thank God that people did not come as the traffic jams on so called roads would have been horrible.

37 million visitors include the 1.5 million romanians who go home for Easter and spend the holidays in Romania (at least 2 million exits and entries).

It is true that we spent more than 500 Euros each in the 4 weeks we stayed in Spain (4 persons). But 600 was for rental car, 800 for accomodation from Brits owners and 200 for petrol. When we went to restaurants, they wereall almost empty in the Pyrynees, Costa Blanca and Malaga. The only crowded places were Carrefour and Eroski.

[Anonymous]

El Mundo today has the exact numbers of foreign visitors in the first six months down to the last toe-nail. Numbers fell from 2008 first semester by 9.9%. Brits and Germans down more.
Of course, the Ministry of Turismo beside, numbers are never exact when you don’t have border controls (except – shudder – Gibraltar) so what they do is they count the trippers…
Here in Mojácar, despite the ‘forest fire in July’, tourism was pretty strong generally in August – apparently up by 20% over last year – but now, thankfully, they’ve all gone.

[Anonymous]

@lenox wrote:

Here in Mojácar, despite the ‘forest fire in July’, tourism was pretty strong generally in August – apparently up by 20% over last year – but now, thankfully, they’ve all gone.

Well, considering that the number of apartments/houses in the area is probably 10 times bigger than 10 year ago, tourism should also be much stronger…

[Author]

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