Just when you thought the Great Recession 2008-10 had brought the end of Rip-Off Britain with High Street prices reduced by up to 50% and most service companies bending over backwards to oblige the new god-like, tight-fisted consumer…
Just when you deduced the Governing McBroons had benefitted from serious brain surgery and reduced taxes for the first time in a decade…
When we can snap-up Ryanair flights to Madrid for a zero cost and laugh out loud as we hand over £17 for “airport charges” - the airport operators introduce more of their pesky on-costs.
£10 a head towards “development costs”, a fiver to “fast-track” us through the delays caused by their own security inefficiencies, £1 to be dropped off at the terminal and, coming soon, £1 for a pee and another fiver to exit the building near your waiting plane?
The Rip-off is back, the lunatics are running the asylum and Joe Public is left picking up the costs as usual. Easyjet and Ryanair have already pulled out of airports who have introduced these new charges, taking thousands of passengers out the door with them.
Spain is the major destination for most Brits and they’ll switch to airports showing a little more respect to their customers as they fly to the beach or for property purchase viewing. Voting with their wings may restore sanity because Brits know things costs 30% less in Spain and their property aspirations can be satisfied with 1,000’s of Costa bargains.
Buying a property in Spain for holidays or fulltime living can reduce the impact of Rip-off Britain. And if you have to go back to Blighty there are flights from Alicante for a tenner including the minimum charges of the airport operator.
And if that’s too much, one leading Spanish property website is providing buyers with a Cashback Voucher worth EUR 500 that will buy a few glasses of cool cava to celebrate the defeat of the Rip-off merchants.
Easter marks the start of the property buying season in Spain and it's never been cheaper, easier or more legal to snap perfectly good homes from EUR 60,000.
Showing posts with label spain property buying season. Show all posts
Showing posts with label spain property buying season. Show all posts
11 April 2009
4 April 2009
The property strain in Spain
The G20 circus has left town with a trillion dollar legacy to re-stoke the dying embers of world trade, after failing to achieve this in the earlier multi-trillion dollar “fiscal stimulus”. Useless banks benefitted from the first effort, but did little apart from boosting their own coffers and handing chunks of cash over as a pension to the world’s worst banker, Sir Fred Win-win.
Meanwhile, the property market continues to decline in the UK and elsewhere. That’s the same property market that’s supposed to promotes universal feel good for owners and gets them spending down the High Street or bickering over prices, fixtures and fittings as buyers and sellers struggle to get a deal done and dusted.
We are, of course, in a property crash - the consequences of which are likely to last for some years. Nothing emerging from the G20 summit suggests there will be any direct help to kick-start the market, nor was there any suggestion of when the crash might end.
No sooner had Air Force One left Stansted Airport than the fallen Halifax bank announced a further decline in UK property prices, despite, the previous day, a rival claiming prices nudged upwards. On their recent performance and current credibility, what would they know anyway?
Over in Spain the property crash has hit developers, promoters, agents and businesses in many unrelated industries. Cafes and bars are selling fewer café con leches, restaurants less food, TV/newspapers less advertising and El Corte Inglese less over-priced fresh fruit. Property is at the core of personal wealth and the housing crash is a big strain in Spain
The UK property crisis is due to a lack of market confidence and useless banks hoarding their bail-out billions and refusing to offer a decent mortgage service after driving up the prices for a decade with irresponsible lending practises. They were aided and abetted by the Bank of England and the FSA.
The Bank of Spain kept Spain’s banks away from toxic debt and warned for the last five years property prices were 25 percent too high. The property crash was caused by a range of factors from massive over building, a misunderstanding of what the market wants/needs and the world credit crunch.
There was an element of graft and corruption in some town halls where mayors allowed development where no development should have been allowed. Now the Spanish Government is cleaning out the stables, confidence is already returning to the market where savvy Russians and sun-starved north Europeans are grabbing the bargains that come from Spanish bank repossessions and distressed sales from over-stretched owners.
It may be that the strain in Spain will be over long before the UK market recovers and the magic potion of sun, sand, sangria and safe property bargains will attract more buyers from Easter – traditional start point of the property sales – onwards.
Doubtless, UK buyers will be trying to elbow their way to the front of the queues to grab their share of bargains before prices start to rise again…
Meanwhile, the property market continues to decline in the UK and elsewhere. That’s the same property market that’s supposed to promotes universal feel good for owners and gets them spending down the High Street or bickering over prices, fixtures and fittings as buyers and sellers struggle to get a deal done and dusted.
We are, of course, in a property crash - the consequences of which are likely to last for some years. Nothing emerging from the G20 summit suggests there will be any direct help to kick-start the market, nor was there any suggestion of when the crash might end.
No sooner had Air Force One left Stansted Airport than the fallen Halifax bank announced a further decline in UK property prices, despite, the previous day, a rival claiming prices nudged upwards. On their recent performance and current credibility, what would they know anyway?
Over in Spain the property crash has hit developers, promoters, agents and businesses in many unrelated industries. Cafes and bars are selling fewer café con leches, restaurants less food, TV/newspapers less advertising and El Corte Inglese less over-priced fresh fruit. Property is at the core of personal wealth and the housing crash is a big strain in Spain
The UK property crisis is due to a lack of market confidence and useless banks hoarding their bail-out billions and refusing to offer a decent mortgage service after driving up the prices for a decade with irresponsible lending practises. They were aided and abetted by the Bank of England and the FSA.
The Bank of Spain kept Spain’s banks away from toxic debt and warned for the last five years property prices were 25 percent too high. The property crash was caused by a range of factors from massive over building, a misunderstanding of what the market wants/needs and the world credit crunch.
There was an element of graft and corruption in some town halls where mayors allowed development where no development should have been allowed. Now the Spanish Government is cleaning out the stables, confidence is already returning to the market where savvy Russians and sun-starved north Europeans are grabbing the bargains that come from Spanish bank repossessions and distressed sales from over-stretched owners.
It may be that the strain in Spain will be over long before the UK market recovers and the magic potion of sun, sand, sangria and safe property bargains will attract more buyers from Easter – traditional start point of the property sales – onwards.
Doubtless, UK buyers will be trying to elbow their way to the front of the queues to grab their share of bargains before prices start to rise again…
1 September 2008
The rain in Spain falls mainly on Britain
As Britain soaks through summer and the property market mires, the weather in Spain is hot and sunny and the bars and beaches bustle with relaxed holidaymakers...
Many of the tourists hail from Britain, as Spain remains the most popular holiday destination for the 25th year in succession. The same can be said of the Spanish property market. More Brit ex-pats own property and want to own than there are from any other country.
As today marks the start of the Spanish property buying season, many of the Brits will be tempted away from the Costa beaches to investigate some of the bargain apartments and villas in the resort were they are staying.
They will find key ready and resale bargains everywhere in the new hunting grounds of dash for cash developers and distressed sellers facing higher mortgages or off-plan property contracts they cannot afford due to the credit crunch.
Developers and private vendors who are keen to sell property in Costa Del Sol and Costa Blanca will be more realistic about pricing, maybe even accepting an offer at price levels not seen for three of four years in these high demand areas.
One of the affiliates of www.propertyinspain.net is Paul Rossiter, Managing Director of Costa del Sol based specialist land and self-build agency, Carrington Estates. He says: “I think the bottom end of the market, the ’stack them high, sell them cheap’ identikit market has had a big wobble, but conversely, the top end villa market has remained steadfast. Even when Spanish property stocks took a pounding in April, with shares in freefall overnight, there was still no knock-on effect to this sector of the market.”
Mark Stucklin, of the website www.spanishpropertyinsight.com has a final piece of advice for those heading to Spain or those leaving the playa to look for property: “If you do your research, and take your time, you can find great value property in Spain today. But remember that good value is not the same as cheapness, and be prepared to pay a fair price for good quality.”
Many of the tourists hail from Britain, as Spain remains the most popular holiday destination for the 25th year in succession. The same can be said of the Spanish property market. More Brit ex-pats own property and want to own than there are from any other country.
As today marks the start of the Spanish property buying season, many of the Brits will be tempted away from the Costa beaches to investigate some of the bargain apartments and villas in the resort were they are staying.They will find key ready and resale bargains everywhere in the new hunting grounds of dash for cash developers and distressed sellers facing higher mortgages or off-plan property contracts they cannot afford due to the credit crunch.
Developers and private vendors who are keen to sell property in Costa Del Sol and Costa Blanca will be more realistic about pricing, maybe even accepting an offer at price levels not seen for three of four years in these high demand areas.
One of the affiliates of www.propertyinspain.net is Paul Rossiter, Managing Director of Costa del Sol based specialist land and self-build agency, Carrington Estates. He says: “I think the bottom end of the market, the ’stack them high, sell them cheap’ identikit market has had a big wobble, but conversely, the top end villa market has remained steadfast. Even when Spanish property stocks took a pounding in April, with shares in freefall overnight, there was still no knock-on effect to this sector of the market.”
Mark Stucklin, of the website www.spanishpropertyinsight.com has a final piece of advice for those heading to Spain or those leaving the playa to look for property: “If you do your research, and take your time, you can find great value property in Spain today. But remember that good value is not the same as cheapness, and be prepared to pay a fair price for good quality.”
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