Thursday, April 26, 2007
Pamploma syle bull run for the exits on the way..
When the UK housing market finally turns many will begin to question just how they got sucked into re-mortgaging to enter the buying abroad mindset. Maybe reality will hit when the Spanish villa or apartment has lost the 20% deposit and the owners are sitting in the cheaper seats of the low-cost airline on their way to inspect their vacant and little used property. It's been vacant for months, the mortgage payment has doubled since 2004 and no-one's responding to the "buy, let or anything" pleading advert tucked away with thousands of others in the 'get 3 weeks advertising for the price of 2' section of the Exchange and Mart.