The problem is you don’t get much return on your money if you invest in a Building Society. In Oct 2008 we managed to get 6% (this is in Gibraltar) just before the interest rates were slashed. Now we are only getting 2.85% 🙁
We have decided to buy a holiday home inland. In the town where we are looking, you can get a 2 bed renovated townhouse for between 75,000 -90,000 euros which I think is very reasonable. I wouldn’t expect the prices there to drop any more. People are buying there and in fact around six of the houses we have looked at since the summer have been sold. One was only on the market for about 3 weeks.