Certainly would but no use chasing ' an impossible dream'......in general property prices are not expected to drop 30/40% nor will they in UK as some would have us think!!!
the general expectation is that Eu market including UK and Spain will be flat for a couple of years and start to move ahead in 2010
During that time there will be some very good deals , if you can find a distressed sale, but not a lot about
For life style buyers for holiday or retirement home there are a lot of good quality units and in say 10 years time they will, I'm confident, look back and see that besides all the enjoyment they have made a good buy
A 1 bed apartment from £76,800 [ inc cost £84,480] 2 bed maisonette in Costa Blanca from circa £83,200 [ inc cost say £91,1520] are very competitive in price [ @ 1.25 to £] compared to similar in UK and there are still very good mortgage terms about , which makes the purchase very cost effective for life style buyers
Now you have to pick the right location, but that is always important
If you are buying as an investment, to let for holiday/ recreation/ sports then it is hard work but done properly in the right location it can be OK
But many life style buyers either do not let or if they do then just enough to cover expenses via friends and contacts on a low key basis....this has worked for many people
|