BROF Posted June 16, 2010 Share Posted June 16, 2010 As per title Quote Link to comment Share on other sites More sharing options...
ursus darling Posted June 16, 2010 Share Posted June 16, 2010 i'm watching it now. the estate agent is talking out of his ****. Quote Link to comment Share on other sites More sharing options...
miko Posted June 16, 2010 Share Posted June 16, 2010 Its a repeat , bit out of date now the market has moved on and dropped even more. Quote Link to comment Share on other sites More sharing options...
_w_ Posted June 16, 2010 Share Posted June 16, 2010 Fantastic piece. Quote Link to comment Share on other sites More sharing options...
_w_ Posted June 16, 2010 Share Posted June 16, 2010 Ah! I'm way behind the curve with my thread. Fantastic program though. We even get the slimy EA still up to his old tricks as a bonus. Quote Link to comment Share on other sites More sharing options...
BROF Posted June 16, 2010 Author Share Posted June 16, 2010 Bought for 200k, expected 50% profit in 12 months. Reality: Can't sell it for 90k. Quote Link to comment Share on other sites More sharing options...
pandabear Posted June 16, 2010 Share Posted June 16, 2010 How big were the the blonde lasses glasses? HUGE Quote Link to comment Share on other sites More sharing options...
jonpo Posted June 16, 2010 Share Posted June 16, 2010 'heaven on earth' turkish baths saunas OMG muppets .... Quote Link to comment Share on other sites More sharing options...
Conrad Posted June 16, 2010 Share Posted June 16, 2010 Good time to start a demolition company in spain? Quote Link to comment Share on other sites More sharing options...
jonpo Posted June 16, 2010 Share Posted June 16, 2010 (edited) this reminds me of the out of town areas of miami but worse!!! oh basra ! yeah i guess thats more like it ... Edited June 16, 2010 by jonpo Quote Link to comment Share on other sites More sharing options...
Conrad Posted June 16, 2010 Share Posted June 16, 2010 How big were the the blonde lasses glasses? HUGE big lips too, funny how she clocked the camera man having a perv! Quote Link to comment Share on other sites More sharing options...
BROF Posted June 16, 2010 Author Share Posted June 16, 2010 Oooh. Cracking balcony at least. Quote Link to comment Share on other sites More sharing options...
jonpo Posted June 16, 2010 Share Posted June 16, 2010 3040 EUR a month ... but they bought it for the other people they needed a 5 bed so other people can come and stay .... Quote Link to comment Share on other sites More sharing options...
Hold Fast Posted June 16, 2010 Share Posted June 16, 2010 chickens coming home to roost. Remember the programs about the crash in the 80s, the peter york stuff. Its like deja vu Quote Link to comment Share on other sites More sharing options...
_w_ Posted June 16, 2010 Share Posted June 16, 2010 3040 EUR a month ... but they bought it for the other people they needed a 5 bed so other people can come and stay .... It's that nasty Spanish bank with its nasty Spanish mortgage. They just doubled the repayments just like that for no reason, it was nothing like an ARM or such. Quote Link to comment Share on other sites More sharing options...
miko Posted June 16, 2010 Share Posted June 16, 2010 It's that nasty Spanish bank with its nasty Spanish mortgage. They just doubled the repayments just like that for no reason, it was nothing like an ARM or such. Their on the road to destitution, little work , no pension , if that place gets repodd they will be destitute. Quote Link to comment Share on other sites More sharing options...
_w_ Posted June 16, 2010 Share Posted June 16, 2010 Their on the road to destitution, little work , no pension , if that place gets repodd they will be destitute. There are millions like them who didn't make as big a mistake and didn't take so many risks. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted June 17, 2010 Share Posted June 17, 2010 My sister lives on the Costa Blanca and she said that local property is starting to drop sharply for the first time. Up to recent times the big drops were mostly confined to tourist stuff. The Spanish are coming to realise the easy riches through HPI is not happening. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted June 17, 2010 Share Posted June 17, 2010 3 biggest HPI bubble countries: 1. Ireland 2. Spain 3. UK Spot the odd man out. Quote Link to comment Share on other sites More sharing options...
AteMoose Posted June 17, 2010 Share Posted June 17, 2010 3 biggest HPI bubble countries: 1.  Ireland 2.  Spain 3.  UK Spot the odd man out. Not so sure it is just these three. If you look at Prices in places where you may want to live/can get a job they are as expensive if not more expensive than the UK, even German property in the north looks expensive, Paris is stinkingly expensive. Quote Link to comment Share on other sites More sharing options...
swissy_fit Posted June 17, 2010 Share Posted June 17, 2010 Not so sure it is just these three. If you look at Prices in places where you may want to live/can get a job they are as expensive if not more expensive than the UK, even German property in the north looks expensive, Paris is stinkingly expensive. I saw a three-bed flat needing a bit of work in a classic beautiful Parisian apartment building near Notre-Dame for 150k GBP in 1998. Quote Link to comment Share on other sites More sharing options...
DeepLurker Posted June 17, 2010 Share Posted June 17, 2010 I saw a three-bed flat needing a bit of work in a classic beautiful Parisian apartment building near Notre-Dame for 150k GBP in 1998. I think that there's been a tiny tiny bit of HPI since then... Quote Link to comment Share on other sites More sharing options...
non frog Posted June 17, 2010 Share Posted June 17, 2010 3 biggest HPI bubble countries: 1. Ireland 2. Spain 3. UK Spot the odd man out. UK. It doesn't have vast new build estates standing empty and unsold. (I suspect that wasn't your preferred criteria ) Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted June 17, 2010 Share Posted June 17, 2010 All this property. Lying empty. Who is going to buy it, even at rock bottom prices? Not too many Brits or Irish, as the banks will no longer lend them the cash to "buy their dream" Hopefully the Crash will bring prices back into line with earnings. 2 bed appts in small coastal towns, 1 mile from the beaches, really shouldn't be going for more than 20K euros........... I have a relative who sold their 1 bed Spanish flat to one of their children in 2007. Child (ok, in their 40s) thought they were a property mogul building an empire (in spite of not having 2 brass farthings to rub together....all 100% loans). Haven't heard from them since last year. Wonder if they are still on speaking terms !!! Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted June 17, 2010 Share Posted June 17, 2010 My sister lives on the Costa Blanca and she said that local property is starting to drop sharply for the first time. Up to recent times the big drops were mostly confined to tourist stuff. The Spanish are coming to realise the easy riches through HPI is not happening. Damn! Time for Plan B. ... ... ... oh dear, there isn't one. Quote Link to comment Share on other sites More sharing options...
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