Wednesday, Nov 22, 2006

The rain in Spain..or the reign in Spain of the equity tourists...

Firstrung: Halifax advice on buying property in Spain

Good advice here from the Spanish arm of the Halifax in relation to buying property abroad...Our suggestion (for what it's worth, as we do not proclaim to be experts on the subject) is anyone considering buying in Spain, in the usual suspect places, needs to take a deep breath and count to ten - perhaps ten years for the absurd prices and drastic over development to have its full impact..As for the 'equity wealthy' borrowing v their main residence to then buy abroad....

Posted by converted lurker @ 11:19 AM (440 views)
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1. japanese uncle said...

This acid rain of stupidity must stay in the plain of Britain. Exporting this housing misery to less greedy innocent nations is a crime against humanity.

Wednesday, November 22, 2006 11:40AM Report Comment
 

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