Reply To: 50% price falls in UK are actually possible…

#81998
Anonymous
Participant

Pablo–you mention the last recession. The house I bought in 1988 in Reading had fallen in price by 26% by 1992, by 1994 it had risen by 35%.

When I sold in 2002 it had quadrupled in price & 6 months later my buyer had sold it on for 20% more. Today that house is has risen by 15% over that price.

Tell me property in the UK is a bad bet!

You have to take a long term view.

Buy 5 or more flats in Liverpoool, Manchester or Nottingham, of course sight unseen, do no research, don’t even go to the Town or development, trust the selling agents to tell you the truth on returns, you will have a problem & it is no different in Spain.