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.
The greater worry for me is the fall in the value of the GB Pound against the Euro. This has already reduced my fixed income (annuity) by some 25%. This, coupled with inflation, is the greater worry but I don’t expect to live forever.
So, has the fall in the pound affected you? If so to what extent?
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