Spanish Property Insight › Forums › Spanish Property Forums › Property Questions & Answers › How long before 50K Euros (in cash) would get one something? › Reply To: How long before 50K Euros (in cash) would get one something?
Why do you want to put your money into a bank when they are all going bust? Surely it’s much better to own some bricks and mortar. At least you’ve got something for your money, whereas money in the bank is there one day and gone the next!!!
Also, 50K at 6% = 56.13K over 2 years, but, oh dear, the tax man wants a cut of the 6.13 profit. so you will probably end up with 54.09K.
It will probably buy you a caravan. 😕