Spanish Property

rffrydr · Posted: Mon May 03, 2010 9:21 pm Post subject:

Miami makes a comeback as the new old new Spain:

http://www.cnbc.com/id/36920582
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rffrydr · Posted: Wed Sep 02, 2009 10:44 pm Post subject:

30% of europe's new homes makes for an easy target--too easy:

http://ftalphaville.ft.com/blog/2009/09/02/69596/surprise-spanish-banks-are-not-hiding-their-losses/
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rffrydr · Posted: Tue Jun 30, 2009 8:10 am Post subject:

While the mortgages themselves are sounder the securitizations are more dangerous:

http://ftalphaville.ft.com/blog/2009/06/26/57236/forget-latvia-what-about-spain/

Owing largely to the political integration:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ag8QFV3IUjwE
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rffrydr · Posted: Sat Apr 04, 2009 10:27 am Post subject:

http://ftalphaville.ft.com/blog/2009/04/03/54459/unemployment-spanish-edition/
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rffrydr · Posted: Fri Jan 02, 2009 11:23 am Post subject:

Buy. This is the private property Spain never had; the language and mortgage structures themselves will keep them at home. Meanwhile the country has come a long way to becoming the "singapore" of europe. If you believe in globalization and a recovering world economy second half you want to own spanish mortgage paper into the year's markdowns.

http://gmfactsandfiction.com/gm-builds-cars-and-trucks-people-want-to-buy/
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LaBelleInvestor · Newbie Joined: 14 Jul 2008 Posts: 14

http://www.economist.com/world/europe/displaystory.cfm?story_id=11670664

There is an image in this article that is worth the click alone.

- La Belle Investor
http://labelleinvestor.blogspot.com/
[/img]
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http://labelleinvestor.blogspot.com/

rffrydr · Posted: Mon Jun 02, 2008 1:02 pm Post subject:

Yes, you might be denied a loan in the "better priced" world to come. And you plan on settling down, right? Most mainstream housing turns over here in less than seven years. Not a bad rental situation. Key is the deposit. Can you save more renting? Anyway, alot of individual factors best discussed with your freinds in you locality.

What housing bubble? --Or, what housing bubble to come?

http://www.economist.com/finance/displaystory.cfm?story_id=11412518
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RClemente · Newbie Joined: 28 Apr 2008 Posts: 1

Hi Folks:

I'm in the middle of a bubble, and don´t know what's better for me. What do you think about my own case....

I'm a spanish guy, 28 year old, and a little bit dissapointed with spanish situation of buying a home in madrid (country capital).

My problem is, i've been earning money since 18 years old, now i will have a baby in 6 months and i need to buy now or wait until bubble explodes ? what's best for me?

Good-keyfacts for trying to buy:

- The home i've found was priced on 300K , and i got 250k final price. It's a very nice place to live, and the house is like i always wanted, and cheaper than everything i seen, They need to sell fast because they have bought a new one.
- If i do this NOW the spread is between 0,25 / 0,37 + Euribor (i guess it's lower than some years ago) so it's a good spread for the mortgage
- If euribor low down, my spread still will be good, and my month cash will still be good
- If i want to morgage in the future, i will not have benefits of my 28-years-old

Bad-Keyfacts for not buy and think on renting:

- The prices are higher (even a 50k discount is less than the "theorical" prices that it can reach on the near future)
- My monthly economy will slowdown (even stop at all :-S)
- Government now benefits renting also, so we can assume that in a monthly basis

Other things i should consider:

I will have a baby in 6 months
I should leave my house in more or less 5 months
I want to own a house better than rent one

Well, more or less that's the situation. What do you thing i should do? buy or rent?

If there is a financial country problem will affect Spanish Central Bank reserves and that will have impacts on the country everywhere. In the case i don´t buy waiting for a better moment, ¿Can that crisis affect to my own money resources on the bank? ¿Will be that money on risk?

¿It makes sense buying now a house with a short-price (for today's prices) and shortest known euribor spread for the mortgage?

Thanks for help me !!! i will appreciate any comment, i don´t know what to do. Thanks for your reply's

rffrydr · Posted: Fri Apr 04, 2008 7:44 am Post subject:

Apparently home ownership is in the Constitution:

http://www.bloomberg.com/apps/news?pid=20601109&sid=ao4F2HvP_rWo&refer=home
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rffrydr · Posted: Thu Jun 07, 2007 10:45 pm Post subject:

HenryTo · Posted: Thu Jun 07, 2007 5:45 pm Post subject:

An update on the aftermath of the Spanish Housing Boom:

Ghost Towns Appear in Spain as Decade-Long Boom Ends

http://www.bloomberg.com/apps/news?pid=20601109&sid=ar3L878k5YM4&refer=exclusive

Geoffrey · Junior Poster Joined: 06 Apr 2006 Posts: 35

I just spent a week in Spain. Construction cranes are everywhere. I don't think I passed even the smallest hamlet without at least four or five of them. They seem to use them for as little as two stories though so the sight of them might exxagerate the extent of building activity.

RYAN · Newbie Joined: 28 Dec 2006 Posts: 1

Geoffrey · Junior Poster Joined: 06 Apr 2006 Posts: 35

From the Economist article:

“It is all very well being the Florida of Europe, but it would be nice to be the California as well.”

So the having the rampant speculation of Florida isn't enough, they want California's as well.

The Spanish property market does seem to be following the American model of weakness showing up first in the builders, like TOL and KBH in late 2005. Could mean the lenders have a year to go.

rffrydr · Posted: Mon May 07, 2007 4:57 pm Post subject:

Holding up well:

http://stockcharts.com/h-sc/ui?s=$ES30&p=D&b=3&g=0&id=p93226479834

Spain is subject of Special Report this weeks' Economist:

http://economist.com/business/displaystory.cfm?story_id=9112308

Diversified or re-Empired?
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