Reply To: Investors Still Wary of Spain

#95503
Anonymous
Participant

@logan wrote:

Well I trust you added up just how much your ‘holidays’ are likely to cost you in real terms.
ie: Loss of return on capital, property value depreciation, taxes on purchase and selling, maintenance, community charges. To name but five.

logan, much as I believe you give sound advice to an investor, someone considering buying Spanish property with a view to rental or selling at a later profit, it doesn’t apply to all.

If Petej was considering paying cash for a gleaming new motorbike, at a discount, rather than a holiday home, I’d hazard you wouldn’t be warning him about likely second-hand values, depreciation, road tax, petrol costs and maintenance.

You’d be saying ‘good on you mate, go for it’. 😀