Re: Re: End of austerity?



@Mark: In times of inflation Property & gold are the best. Gold is dead investment & further leverage will be close to impossible.

If one needs to invest in property. UK is the place, specially London, the entry levels could be high. There are low taxes & non resident do not pay capital gains tax.

“If Spain announced radical and speedy measures such as: halving transaction costs for a couple of years, regulating all agents and developers with bans and fines for those that don’t comply, fast-track court procedures, the end of ‘B’ money deals with property, all properties to be sold with full legal title (no more grey areas), better construction and guarantees, views guaranteed, demolition of unfinished illegal builds, what else, I expect there’s more, then this would send a signal out to prospective buyers?”

The pigs will fly first !!! Any move/announcement will be as normal on paper & no one will take any notice. The problem in Spain in enforcement & a timely one.