Comments on: Is there a lot of money to be made renovating properties in Southern Spain?

By: amsterdam

amsterdam — Sun, 07 Jun 2009 13:21:19 +0000

Have you heard about the law in Spain which allows the government to purchase your land compulsorally, even if it’s your back garden ? Haven’t you seen the tearful, red faced Brits on TV every week ? I think there’s a whole programme devoted to them, Nightmare in Paradise or something. These are people who didn’t bother to learn Spanish, or check up on Spanish land law.

By: kyuzosan

kyuzosan — Sat, 06 Jun 2009 05:49:12 +0000

Be careful, the UK and Spanish property markets are both risky at the moment as they have both been seeing periods of very high growth, partially fuelled by optimistic buy-to-let investors. The amount of first time buyers is dropping in both markets. The historical graph of house prices looks like a bubble that’s about to burst big time. And if people’s property values go down here, they are less likely to be funding ‘homes in the (much too hot) sun’. So better sell your house now, but don’t buy in Spain for a while. With all that cash you can rent in Spain for a few years until you ride out the storm, then pick up bargains, maybe.

By: Marcus R

Marcus R — Fri, 05 Jun 2009 04:07:31 +0000

Seriously that´s a brilliant idea.
Sell everything and move to Spain.
Do not do any research, that´s for wimps!

By: jamjan100

jamjan100 — Wed, 03 Jun 2009 08:28:47 +0000

Good Luck Lad. You’re going to need it……

By: Ecky Boy

Ecky Boy — Tue, 02 Jun 2009 23:06:01 +0000

Cor blimey mate, it’s a wonder no-one has ever thought of THIS before…….(?)

You might want to do some research first. Spanish property sales have slumped, partially due to global warming. The summers are just too hot for Northern Europeans now, too hot even for the SPANISH even sometimes.

If I was you, i’d be looking at another country. Poland, bulgaria or somewhere. The Spanish Property market is finished, yesterday’s news. Your 150,000 would evaporate in a puff of smoke down there.

Actually having just re-read your question, i detect there’s a strong possibility that you might be “at the wind-up?”