Interesting articles on expats & foreign properties

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
30/03/2010 22:49

http://www.guardian.co.uk/business/2010/mar/08/florida-property-slump-british-expats



http://www.telegraph.co.uk/expat/expatnews/7392959/Bulldozing-expats-will-hurt-Spain-Foreign-Office-minister-cautions.html



Links speak for themselves as to content.

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
30/03/2010 23:12

gosh hector makes us quite lucky really, xx

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
30/03/2010 23:17

Good links Hector.

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
31/03/2010 08:21

Alas, one mans misfortune is another man's opportunity. Slumps in the housing market worldwide are always cyclical. Give it a few years and house prices in Florida will improve again. Maybe time to get into the market whilst homes are so cheap ?? I was looking at homes in Florida on the Rightmove website and the prices are ridiculously low - $60000 (£40k) can get you a good 3/4 bed home which you can at least be confident that you do actually own. If you can sit out the slump then I believe that there is a good opportunity to make a decent profit over the next few years.



Paul