helping you navigate the property market in Spain
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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.
2 years ago InspectaHomeSpain published our first survey report, based on 350 new property inspections www.thesnaggingforum.com and with the incredible changes that the Spanish property market has gone through an update was overdue.
In the latest survey we look at inspection results for 700 properties, checked over the period from April 2007 – December 2008, in the Costa Blanca, Costa Calida, Costa Almeria and Costa del Sol areas.
The Friday funnies…
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Have a watch / read / listen to some enlightened minds…
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I was perusing the web and ended up on the website of The Sun newspaper. I found it amusing to see the following two articles side-by-side.
From Martin Lewis:
Finally mortgages are getting cheaper… To the relief of stretched homeowners, the sun’s peeking through the mortgage clouds. In the last week Abbey, HSBC, RBS & Natwest amongst others joined Nationwide, Halifax, First Direct and C&G in offering new cheaper fixed deals. Some pretty decent rates are now around e.g. two years fixed at 5.6% with a £500 fee, substantially lower than a few months ago.
Take a look at the Money Saving Expert site for more information – you really should sign up for his newsletter!
If you have a mortgage, in the next few months you may have to accept the new interest rate hike from your bank, or try and find a better deal.
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For some people things are going great. They’ve settled in, made friends, speak the language, have good connections, their finances are in order (don’t you just hate them!)
If this is you then let us know how you’ve done it, what’s so great, tell us some good news!
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