Re: Re: Spanish economy in crisis

#100617
Anonymous
Participant

It is definitely not a good investment at the moment unless it is a really unique property (ie. frontline villa) and always taking into consideration that:

a. You are getting a good deal; paying approximately 60% of market price
b. You are in it for the long run

Other than that it is purely a lifestyle/ personal decision with many other factors coming into play, like Chris said: health, retirement…

Not everything we buy is an investment, look at new cars! Investments are for investors, professionals who do their sums BEFORE they get off the plane. People who STILL promote property with 8-10% guaranteed returns really should not be in this sector.