Reply To: Buying on Costa de la Luz



If you are buying it to USE then it does not matter how much it drops. Any drop is merely notional and remains on paper only – until (if?) you ever want to sell it. The only time this does matter is if you are taking out a large mortgage, where obviously, a significant fall could result in negative equity which is not a happy situation. If buying for cash – or mostly cash – a short/medium term further fall in notional value is not really relevant.