kevducky, there will be nearly one million properties available for rent on the Spanish costas soon – short term, long term etc – no maintenace, no community fees, no urban tax, no exposure to currency movements, no exposure to further downward movements in prices once DEFLATION takes hold in the national economy ………. so why not rent for five years ???????????? just take advantage of the “buy to letters” who’ve ended up with egg on their faces thinking a second home would be their pension !!!!!!!!!!!
Oh dear here I go again…
Yep Kevducky go rent for 5 years, pay out all that rental money to someone else.
Don’t buy property today – at prices last seen 9 years ago – now right at the bottom of the market, you go into the next five years paying rent instead, but don’t be miffed at yourself when you figure the capital appreciation you would certainly have had in 5 years time.
I mean, where is the logic, you go into the next decade with a price from the start of the decade, and you wait 5 years and what… it is going to be even less?
Eeee, but I should maybe keep my trap shut!