Anorak News | Spanish Property Crash Is Our Eldorado

Spanish Property Crash Is Our Eldorado

by | 26th, April 2007

eldorado1.jpgBRITISH ex-pat gangsters are steeling themselves for the predicited collapse of the Spanish housing market after shares in construction companies went into freefall on the Spanish stock market.

With the boom now about to end, speculators who bought property in Spain over the last few years in the hope of making a quick profit are most at risk. Although on the positive side, this means that, according to Home Overseas Magazine’s Jamie Liddell, “It will be the perfect time to pick up a bargain”.

Over 250,000 properties along the Costa Del Sol and the Costa Blanca are British owned.

But, according to Pierre Williams of Inside Track, it’s not all bad news . Says he: “That does not mean that those quality properties in quality locations can not deliver excellent returns as a mid to long term investment.”

Opportinity awaits.

With so many cheap properties and ex-pats about, surely it’s time for the BBC to bring back Eldorado and all that Los Barcos with Marcos…

Posted: 26th, April 2007 | In: Money Comments (4) | TrackBack | Permalink