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spyguy

Filey Apart-Hotel

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Or hotel-Apart:

http://www.scarborougheveningnews.co.uk/business-news/39Aparthotel39-proves-popular-in-resort.6124016.jp

I've been to t he website and read the sales bumf. Its nuts.

I assume they've not sold any yet.

You cannot live in it - no full time occupancy.

You are lumbered with a horendous service charge - pay for a recpetionisy, probably prop the bar + restaurent up.

You're not buying 'new' - they're rent the places out!

Its Filey for christ sake.

Sad fact is, Spain will always be cheaper than the UK - even with a poor pund/Euro rate.

Spain is getting rapidly cheaper by the day at the mo.

By cheaper I mean going on holiday there, not buying!

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Or hotel-Apart:

.......

Sad fact is, Spain will always be cheaper than the UK - even with a poor pund/Euro rate.

Spain is getting rapidly cheaper by the day at the mo.

By cheaper I mean going on holiday there, not buying!

What were they a year ago? They're after £140 to 225k at May 2011, and lots of half price/weekend deals for holiday lets. I reckon if the flats dropped by 40% then they could make sense as a holiday let business.

While I agree that seaside flats like this are stupidly overpriced, I'd add:

  • The crash in spain has been going on for several years now, and ours has barely started, so the differential will close.
  • When peak really oil kicks in, then the dirt cheap flights that make so many spain/cyprus hols viable will be gone, along with much of the demand.I'm noticing this now, and I know someone who lives in France and works in the UK whose bemoaning the high cost of 'commuting' via Ryanair

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