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Article below blames the economic situation on other countries for the drop in tourists. There was also a drop last year when things were hunky-dory. Spain always blames something else for it’s misfortunes. The Tourist board should be looking at the real reasons for people staying away instead of laying the blame.
http://www.surinenglish.com/20080901/news/anda … 11538.html
Would imagine, as I have said before less tourists = less buyers!
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Definitely less tourists, less buyers katy, for Spain.
It would be financial suicide to buy property in Spain (for Brits) because it would cost 15-20% more in exchange rate alone, plus there is a huge oversupply of horrible mass development over the Costas, too much competition for re-selling, plus costs are too high for purchase and sales.
When the exchange rate swings back in favour of Sterling you could lose a further 15% or more iff you ever needed to get your money back.
Buying anywhere in Europe is not a good idea at present due to the poor exchange rate, so only buy if you need to, or, you are prepared to wait an awful long time to recover the sterling equivalent.
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@shakeel wrote:
To look into one self with objectivity, honesty and sincerity needs personal maturity & a mature society. I leave this for the forum users to interpret in the manner that they like.
Don’t buy a property in Spain?.
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