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A month ago I came across this property developer in Devon, who was selling raffle tickets for his 4 luxury apartments. For just £50 you would be in with the chance to win all 4 of the apartments and become a property developer overnight. Yup, for just 50 quid! I must admit I was tempted.
Then there’s the Spanish ones.
Tags: dead donkey diddlum, property raffle, raffle, spanish property raffle
I’ve been hearing of some fantastical deals in Spain at the moment – you know the ones:
20% off the asking price…
Buy a townhouse and get a discount on a seaside flat…
Buy one house and get another free (never thought I’d see a BOGOFF on property!)…
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Tags: fantastic deals, property deals
Finally, at
Casa Desolada, we have learnt about the international credit crunch. Evidentally, there is a worldwide economic crisis that is bringing the globe to its knees and one so bad that everyone´s lives will be affected. Or so we have picked up from local village gossip.
Tags: credit crisis, funny
The Friday funnies…
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Estate agents are reporting that some people see buying property a safer bet for their money than keeping it in the bank.
Whilst many people believe that the housing market (in the UK, Spain & elsewhere) will decline even further, they still feel that owning property is safer than saving.
Warren Buffet has said: “Be fearful when others are greedy and greedy when others are fearful.”
And those people with cash to spend are having an impact on the housing market – whilst other people may be having problems getting a mortgage, cash buyers can almost set their own prices. Especially with distressed sellers who need to move quickly.
So, what do you think? Do you have a spare 100k sitting in a risky bank account? Would you consider buying in today’s climate? How long do you think until the housing market bottoms out? When should we buy in Spain?
Add your comments below…
Have a watch / read / listen to some enlightened minds…
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Tags: fun
The Times are calling it the “Icesave Effect”, based on the near collapse of Iceland’s banking system last week – where people feel their money could be safer in property than it is in a bank!
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So, are we heading for a “A mild global recession” or a full scale global recession or what?
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I’ve recently been contacted by an old friend who informs me:
The property crash does not worry me at all. My house is paid for and I intend to live in Spain for the rest of my life. The most important thing (if anything) is the value for inheritance but I would expect that in the long run the “investment” will be sound.
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Tags: currency, fall in gbp
I read this great article last week on the BBC site Q&A: Financial Crisis and You. It’s well worth a read if you have assets in the UK, but here are the highlights and my suggested actions, if you don’t have the time:
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Tags: uk finance, uk markets
