House Prices

[sunseeker]

Still hoping to get somewhere as second home in next year or so. Obviously the exchange rate is terrible now meaning the cost in sterling of properties is now a lot more. Do people think if the exchange rate continues to be so poor that people will be forced to reduce the cost of their homes or are there enough people buying in euros as locals that this wont be an issue? I know no one knows this for sure but any views welcomed.

[John H]

Most of the buyers on our community lately would be unaffected by this........the Norwegian Krone is trading well against the Euro, the Danish Krone rate is very flat v the Euro the other buyers are from the Eurozone........so on our community it wont make a blind bit of difference for 95% of those buying.

Will a few British folk drop their price to "get out"..........probably, great if as a buyer youre at the front of the queue and its the right property for you.

Crystal ball gazing I cant see us getting better than €1.20 to £1 for quite a few years........

Regards all

John

[Corporal Jones]

Some people with the benefit of hindsight will tell you what a canny deal they struck, my advice is always buy the best you can afford at the time. We were speaking with other old hands the other night and reminiscing about friends long returned to the UK but that's GA always evolving, as John says our UK neighbours have been replaced by Spanish, Chinese, Russian,irish and European very few bits (not a bad thing some would say).

[sunseeker]

Yes hard to predict. Maybe long term rental better for me. First stayed in ga in 2010 and both my mum and I commented it really reminded us of my mum's estate at home, which we also like. Ever since I've always felt very at home there. It just felt very familiar. It's also very quick and cheap for me to fly to and weekly rentals are good value. Hope to be back again next month. Any new good restaurants since last year?  I'm a bit of a weirdo with food so prefer fresh homemade stuff like la paletta, also not a meat eater so no patagonia! 

[Maricia]

£ appears to be rallying against Euro, 1.19 today.

https://www.poundsterlinglive.com/gbp-live-today/5392-gbp-to-eur-and-usd-house-prices-9822

BW

Maricia

[bertdove]

Phew, only 20 cents down on pre-Brexit vote!

Bert

[Corporal Jones]

phew rate still up 14 cents on worst several years ago.

[llamedos]

3 cents up in the last 2 weeks, I'm going on a spending spree.


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[Corporal Jones]

id stock up on cheap lidl hotdogs before the rate makes them to pricey

[dleafy]

The pound is on the up. The UK economy is starting to really improve, as most of us thought it would after a post Brexit dip.
Nice to see that the German economy is struggling. Merkel starting to reap what she sowed!

The Uk is obviously going to thrive outside of the gravy train that is the EU.
We plan to wait until the grown ups dot some I's and cross some T's on deals before making our purchase either late next year or the year after.
Personally, I think Spanish house prices will remain stable up to and beyond deals being signed.

Cheers

Davy !!!

[John H]

Brexit hasn't happened yet!!



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[bertdove]

phew rate still up 14 cents on worst several years ago.
[/quote]

When was that,Victor?

Bert

[dleafy]

'Brexit Vote' then
and it will happen ....soon I hope

[John H]

I hope not, although I voted for Brexit.
We need a well thought out and negotiated exit strategy, we also need to give our big business time to explore new markets to as a minimum protect their sales if an exit, when it comes, results in lost sales to the EU
I'm a 100% with the view Theresa May is taking, time for considered actions not the bull shit that the Brexiteers were coming out with..........

Regards all

John


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[dleafy]

I think big business identified new markets years ago.
They were just prevented from trading due to the restrictive measures put in place by our 'unelected' friends in Brussels.

As for well thought out plans. That should've started (and as is now being suggested.....actually did) as soon as Cameron announced a referendum.
I agree though, unless we actually do have plans in place, then we shouldn't rush into things....let's just watch the European markets fall and the UK prosper. It'll be good to see Merkel and Co squirm