Reply To: Grim currency prediction

#88570

katy
Spectator

Don’t think the Spanish are too interested just now. Saw a discussion on a Spanish forum yesterday. One poster pointed out that the apartment he rents at 500 euro pm. would cost him 1000 pm for a 70 year mortgage so why bother buying.

An average property in Germany costs around 150,000 so why would they bother either. Was talking to someone last night, he has had/has many big interests here and said he has been liquidating what he can over the past 18 months, his opinion is that Spain is finished and this was before the crunch. His investments are going to the USA. He had been investing in Spain since the 80’s.