Spain!

[poodicat]

Has the bubble burst?

[NoMercy]

Which bubble, pray tell?

[poodicat]

Watch the telly no mercy,stv saying that its going tits up

[NoMercy]

I don't watch telly anymore, Poodi. And having spent, until recently, the majority of the last 4 and a half years living out there, I can tell you that Spain is in a much worse financial situation than we ever have been. The property market reached saturation levels many moons ago and what property is for sale, isn't selling, even at 66.666% of its full market value.

[dzug2]

What is 'its'? The sewage on some of the beaches? The expat housing market? Bullfighting in Catalunya? The grape harvest in Rioja? The popularity of ETA?

You really make no sense

[NoMercy]

To whom was your post directed, D?

[ladybird49]

I was talking to a neighbour tonight whos daughter has lived in spain for the last 10 years or so , said daughter is coming back to britain to live as theres no work there

[Charlie911]

lol! I read the question as Has the blubble burst? lol

I was gonna say, what's a blubble? Got to get my eyes fixed soon 8-)

[VHG]

>said daughter is coming back to britain to live as theres no work there

Not much work here either !

[Dris]

I wondered that as well NoM owning a property across there :)
The recession in Spain doesnt matter a jot to us -its still a beautiful place and we bought the property for life so we havent 'lost' any money as it wasnt bought as an investment.
I do feel for anyone who has lost their jobs just the same as I do for anyone here :(

[ummmm]

Dris....do you rent your property out?

[mosesg]

I think the euro has a lot to answer for, think Spain will end up having to bailed out like Greece.

[jno]

it's hardly the fault of the currency. Greece is in trouble because the Greeks don't pay their taxes.

[dzug2]

<To whom was your post directed, D? >

At the OP - not you, nomercy

This does sound like a chatterbox topic rather than a travel one

[ummmm]

Yes....When I was last in Greece I asked why most of the buildings had metal sticking out.

Because if they leave them like that they are classed as unfinished and do not qualify for their version of council tax.

[jno]

quite so, ummmm. Really makes the countryside look lovely, doesn't it?

[ummmm]

Doesn't it just....

Time for rule changes I think.

[ChuckFickens]

It happens here too...

the house opposite my grandparents had an extension with 2 ridge tiles missing from the roof for years, the reason being that they didn't have to pay extra tax until the extension was fully finished.

[ummmm]

Didn't know that Chuck....They must pay something though? I was led to believe that they pay nothing in Greece unless the property is finished.

[Dris]

Hi ummm -just popped on.We havent done before but we have a Spanish family renting for the whole of August plus theres a new oil pipeline in our area and our property will be geting rented out to the company.Just as well to make hay while the sun shines.

[Nosha123]

Spain is in a depression.. much much worse than our country's situation.

Property development has all but ceased leaving half built houses everywhere - and no-on can sell their home either....