Re: Re: Costas – When will this market bottom?


Eurozone citizens can afford to buy because there’s no exchange rate problems, but Brits will not return in numbers until the rate against Sterling improves, and the UK economy picks up for all and remortgaging starts again.

You hardly ever get an expert on here who properly debates the other main problem when buying Spanish property and that is the ‘extortionate’ buying costs,and. when wishing to sell, the also high selling costs. 10-11% is crazy and there’s also the agent’s selling commission which the buyer ends up paying in reality. The costs and system have to change first to make Spanish property competitive.

For Brits, both the above make buying in Spain a poor investment now because rates will change again sometime and then the double whammy occurs on exchange rates if wishing to change back to Sterling.