Hi Just Frank,
My gut feeling is that the Credit Crunch will turn out to be less of a problem than originally thought, and the loses by banks less than predicted., and the crunch will ease in the near future. I also think the Euro is over-valued and the pound will nudge back to 1.35 / 1.40. The UK Economy remains robust. Although we are looking at other countries at the moment – just viewed some properties in Madeira and going to Central Portugal in a couple of weeks, Spain still retains a magnetic pull, despite all the problems. I know others who also talk of Spain as their first choice. It may take 2/3 years, but the buyers are out there waiting to ‘jump-in’.