Re: Re: The Spanish Property Market in 2011?

#105373
katy
Blocked

@Ardun wrote:

People value different things but owning a property for less than 5-10 years in Spain is very bad when you take the buying costs into considerations. If you are not sure you should always rent.

Yes it’s similar to buying a new car right now. Worth less than you paid from day one. He will be taking quite a loss, bought for 150,000, purchase costs around 15,000 plus 2400 community fees add taxes and utilities. Probably looking at cerca 50,000 loss in 2 years (or more) 😯