- This topic has 23 replies, 10 voices, and was last updated 16 years, 7 months ago by
.
-
Posts
-
-
I note that oil hit’s a new high of $122 / barrel yesterday, partly due to optimism about the US economy and that the slowdown may not be so severe as previously thought. However, disruption in oil supplies, and increasing demand from China, is pushing the oil price forever upwards. $200 by next year? Is this sustainable?
Could we be looking at the end of cheap flights? Will this have an impact on the Spanish housing market? Are UK buyers going to be unable to afford getting to their properties? 🙁
Or will the new buyers be from Asia?
-
Commodities are the new bubble. Investors do not buy houses and buy little stocks for the moment so money has to go somewhere.
“Could we be looking at the end of cheap flights?”
I just bought tickets to Spain roundtrip for 4 persons for 80 Pounds and to
France for 4 persons for 140 Pounds. Even if the price doubles or triples, it won’t be the end of the world…“Will this have an impact on the Spanish housing market? Are UK buyers going to be unable to afford getting to their properties? “
If the cost of oil goes to $200 and the airline tickets double, mainland Spain and France will really be by far the most attractive as they can also be reached by train or car.
The properties in Egypt, Turkey, Dubai or Cape Verde (even Canary Islands) will be doomed.
-
Ralita 🙂
You posted because air fares will rise.“The properties in Egypt, Turkey, Dubai or Cape Verde (even Canary Islands) will be doomed.”
WHY WILL THEY BE DOOMED?
Is this because you feel that the majority fly from th U.K ?to buy the property?I agree with you views on air fares as even if you holiday in the U.K the fuel price increase will be on all forms of transport.
Fuel is still alot cheaper in Spain,or it was the last time I was there.
Just Frank 8)
-
I, think we have to define what is a cheap flight. Yes, in real terms the flights are cheap today than say in the 80’s, when they would be around
£150, return to Malaga, Alicante etc.The flights were cheaper at the start of no frills. Than Mr Brown got of milking taxes under the political spin of green taxes. Today, depending when you are travelling etc you could pay the same for the destinations mentioned above. It might be less if you intend to wear the same clothes on your holidays i.e. if you don’t take a suitcase or sit naked in a laundry while you pass some relaxing time in your favourite laundry of your holiday town.
-
-
“The properties in Egypt, Turkey, Dubai or Cape Verde (even Canary Islands) will be doomed.”
“WHY WILL THEY BE DOOMED?
Is this because you feel that the majority fly from th U.K ?to buy the property?”In 2008 the cost of a pre-paid holiday in Egypt or Cape Verde is the same as the cost of the flight. So tourists prefer to buy holiday packages than go self-catering.
The owners of apartments in those far-away countries might still do OK in 2008 but if the cost of flights triples (from £300/person now to £900), it might be quite hard to justify £3600 for flights per family of four…
This applies to British people, German people or any EU people who might think of buying in
Egypt, Turkey, Dubai or Cape Verde or even Turkey. Flights might become prohibitely expensive for those countries. -
Hi Ralita 🙂
I am afraid you lost me on this one as I still cant see how these increased air fairs would spell more DOOM FOR PROPERTY PRICES in these particular countries than anywhere else in the world.
Package prices will have to be competitive in any country you would wish to book a holiday or simply go it alone.
If travel ever becomes to expensive people will holiday at home.
I just cant see the point on this one but there again I am fick at times. 😕Just Frank 8)
-
Hello Maximus 🙂
They discussed this on Working Lunch (BBC2) today. EasyJet lost 57M in the first half of the year, but passengers & freight are up.
They said at the end that one way of saving on fuel was to fly a little slower 😯 Really, I’m not joking.http://news.bbc.co.uk/1/hi/programmes/working_lunch/7387439.stm
-
“I am afraid you lost me on this one as I still cant see how these increased air fairs would spell more DOOM FOR PROPERTY PRICES in these particular countries than anywhere else in the world.”
Because almost everybody will go into these countries only on holiday packages which means there will be very little rental.
Many people bought apartments/houses in Cape Verde, Egypt , etc. in order to BTL them. The Egyptians or Cape Verdian won’t be able to pay Western prices to rent.
If nobody rents, the yield will be negative and the owners will want to sell the apartments/houses. The supply will vartly overcome demand.This is why I say that the BTL-ers in those countries are all doomed.
-
Flights would have to increase an awful lot to deter (most) people. About ten to twelve years ago we paid an average of 150 GBP to travel to Spain. Recently have flown Easyjet for about 30GBP so we have been rather spoilt. Last week I booked some flights to Amsterdam from málaga. The initial price of 30 euro became 112 euro 😯 (one way). The breakdown was for airport taxes, security fee and fuel surcharge.
My husband commented yesterday when he filled up his car that he paid 1.21 euro per litre which is almost one GBP at today’s exchange rate.
-
Ralita
Think the buy to letters in many countries are in for a hiding including the U.K
Not sure of my facts but heard that 150 U.K estate agents are closing in the U.K every month.
Think everything is on hold at the mo until things unfold even further.
Normal Brits 😀 Most wont give up the holiday and something else will have to go.Katy . Is there any hope for the beer prices 😕
Just Dan
-
-
-
“They said at the end that one way of saving on fuel was to fly a little slower Really, I’m not joking”
I am not into aerodynamics/wind tunnels study, However if you work on the same concept that a car uses less petrol if its travelling at 50mph. In the 70 when the price of oil went up, there was a slogan promoted by the Americans ” fifty is nifty.
-
-
-
Hi Suzanne,
They discussed this on Working Lunch (BBC2) today. EasyJet lost 57M in the first half of the year, but passengers & freight are up.
They said at the end that one way of saving on fuel was to fly a little slower Really, I’m not joking.My belated congratulations. Your persistence and tenacity at getting justice shows amazing strength of character. 😀
Interestingly flying back from Madeira last week via Easyjet, we arrived back at Bristol 45 minutes early because of tail winds. I was aware of the engines ‘firing up’ and then pausing throughout the flight which was a little un-nerving (I’ve always been nervous flying and expect the wings to fall off!). Also, the pilot glided into the landing – another technique adopted by the airlines to save fuel I hear.
Katy’s absolutely right – we are spoilt with really low cost travel. I have a sister who lives in Australia. She’s so jealous that we can hop around Europe for so little money.
-
Good morning Maximus. Many thanks for your support.
I meant to say ‘fleet’ not freight 😳 😳Know what you mean about flying; I’m always excited before flying but once I’m on board I can’t wait to get off & touch terra firma again!
I do miss the ‘old days’ though & the glamour of flying; everyone smartly dressed in new outfits for the occasion. Now everyone seems to look the same in jeans, trainers & t-shirts – & nearly all the luggage looks the same too ❗ Part & parcel of the reduced cost of flying I suppose.Been looking at flights to Jerez in the next few weeks. Some good deals with Ryanair – even after you’ve paid all the extras, but I’ve not booked as yet.
-
Suzanne
we found some low cost flights with ryan air to Italy. August this year, my wife, our 2 kids 12 and 13 are flying for £220.00 all in, return. It’s probably even cheaper from gatwick/heathrow?, but stanstead is only about an hour from us, and much nicer to navigate round!
We are staying in a chalet on the beach, in a big campsite just outside Lido de Jeselo, and a short boat trip to Venice. Booked direct with campsite. It shows it’s well possible to do holidays in the sun on the cheap still. Just as well with our Spanish fiasco!
-
Ooh that’s a good deal – sounds lovely Goodstich.
I fancy a few days in Jerez/Costa de la Luz, but haven’t found another airline yet other than Ryanair from London. (I don’t think they go from Heathrow?). Possibly Iberia? I need to check further. Never flown from Stanstead as yet.
Monarch or Thomson have usually been good deals to Malaga via Gatwick. -
Suzanne
before my wife and i had our kids, we rode from Santander down to the Costa de la luz on my Kawasaki 900 motorbike. Back in the late 80’s , it was like finding a secret paradise no one apart from the Spanish knew about. A fantastic holiday, and we met so many lovely Spanish people on the way down, in tiny towns and villages. It will stay with me forever.
-
-
How lovely Goodstitch, Many years ago my first boyfriend had a TR4, and promised we would go on a european trip. Never did happen!
Maximus – my first memory flying was going to Greece 26 years ago fopr xmas and new year to stay with relatives. My parents and brother were in the middle rows and had the 3 seats, I was behind them on my own.
As the engine revved up I gripped the armrests. The nice gentleman next to me noticed my white knuckles and asjen face and said – dont worry – it can only crash once!!!
Im fine now! 😕
-
-
- The forum ‘Spanish Real Estate Chatter’ is closed to new topics and replies.
