Hi everyone, sorry if you are experienced investor's but why invest in Property at the start of a world wide recession.
I used to work for a Property investment company and buying abroad is never straight forward.
Spain's economy is basically built on holiday maker’s primary us and other Europeans buying holiday homes and golf trips.
A lot of that will be stopping over the next few years. If you buy a new build you will have a shortfall on your rent and if you buy a used property you’ll probably have the neighbors and mayor on your back.
I'm now investing my money into CFDs going short on the property market which is basically betting the market will fall.
I feel it makes more sense than buying a property at the moment, which is betting on the market going up sometime.
I went to a few seminars first, the main ones are CMC, IG, Saxo and Stirlingchase, which were by far the best as they seem to be a smaller outfit. They give you a good insight on what it’s all about.
I hope this helps.
All the best
mrk