BRITONS are taking increasing advantage of a strong pound and rock-bottom property prices to buy second homes in Spain.

The trend for so-called ‘schadenfreude shopping’, where buyers cash in on other’s misfortune, is being fuelled by property discounts of up to 70%.

The pound is now 25% more valuable against the euro than three years ago, when exchange rates were almost on parity.

This, added to the fact there are around a million unsold homes in Spain to ensure supply far outweighs demand, make it an ideal time to buy in Spain.

“Spain is the main bargain area in Europe, the Costa del Sol in particular,” said Charles Weston Baker, head of Savills International.

“Greece and Italy offer some good opportunities, but not nearly as many properties are available because resorts were not as overbuilt so extensively.

“Spain has seen dramatic price falls, not least because banks need to shift distressed stock.

“Consequently, they are offering high loan-to-value mortgages on properties that are discounted by some 70% compared to their 2008 peak.”

He added: “This represents a great opportunity for buyers, who can borrow up to 90% of the purchase price and achieve very substantial returns.”


  1. Calm down Paul, you really are grasping at straws now aren’t you? Caught me out? Er, no.

    I have gained – from the UK market. You need to slow down and read more carefully. No contradictions, it’s just you’re so desperate to gain points that you make lots of errors in the process. I own properties in three different parts of the world and spend time at all three. And yes, the Spanish market may recover, eventually. 10 years is a good guess.

    It is a good time to buy, if you have Sterling – this is what the entire article is about if you just take the time to read it properly. I have posted extensively about how bad Spain has been as an investment, but I have not lost any money in Spain as I have not yet sold my property, and it is not even up for sale! You only know what loss you have made at that point. If I sold now in Spain, then yes, I’d probably make a loss, like the vast majority of people. I bought a ruin and expect to sell it for more than I purchased it when it is fully renovated, so I might even make a profit yet. In hindsight it was not worth the hassle, but hindsight is a beautiful thing.

    Angie, you can’t live on the basis of what might happen in the future otherwise you’d end up never making a decision on anything in life, would you? I note your friend still made a loss, and of course there are other financial losses in terms of stamp duty to pay again, removal/storage charges, pet transport, and on the list goes, unfortunately. It is a good time to buy in Spain, but I would I recommend people do this? The answer is a resounding no (Paul, please take note that I can say it is a good time to buy in Spain but I can also tell people that I would not personally advise it.)

    Btw Paul, imitation is the sincerest form of flattery, so I’m glad you are lol’ing away, but do try and keep up since it’s tiresome having to constantly correct you. Btw, numskull and numbskull are interchangable.

  2. Are you a few screws loose Fred, you do seem to be? I said our friend got out of Spain with a loss that she immediately made up by buying in the UK, in fact in spite of other costs she came out just in profit, do you have a problem understanding posts? Can’t you accept that some people successfully relocate back to the UK even now without major losses?

    As Paul explains you clearly say you’ve only ever made profits on property but not so with your Spanish property is it? He did catch you out BTW LOL You even say ‘if I sold now in Spain I’d probably make a loss’, I have news for you, you would make a loss silly. When did you buy, what price did you pay, where did you buy, what was the exchange rate, it would be interesting to know.

    You’re all talk Fred, believe you started calling posters numskulls correct spelling is numbskull, now I’m going to do it you numptyhead! LOL LOL LOL

  3. Fred you’re the one who tried calling other posters numbskulls, if you want to dish it out then have it back, if you weren’t so rude to others you might come across as a bit credible.

    You don’t own the rights to LOL by the way, even Prime Ministers and others use it so don’t flatter yourself. I see you are back tracking a bit on your latest post too, a bit unsure are you, nursing a loss in Spain? Look here Fred you big yourself up as to your profit making with property and especially in the UK, guess what, most people could have made a profit in the UK over the last 8 years only they don’t boast about it like you! Have also sold 3 properties very well in different parts of UK over same period, but you like to quote your percentage profit (who asked you)what an oversized head you have but since you like to quote figures why don’t you answer Angie’s question about your Spanish investment at the same time?


  4. Angie, you must be related to the other posters since you too cannot comprehend simple concepts. How do I know what loss, or profit, my property in Spain has made when I have not even put it on the market? Even when it’s on the market the final price is still unknown as someone may make an offer. I paid next to nothing for the property so I expect I will make a profit, yes you read correctly, a profit – unlike you lot who keep making losses lol.

    Paul, if I have an oversized head then you must have a pea-sized brain. And Dave/Angie, please read and learn: “”

    Also, the PM used LOL with its alternative meaning, ‘Lots Of Love’ which I, of course, would never do because the uppercase version of lol is quite different to the lowercase version. So thanks for your affections, most amusing.

  5. Fred Numbskull you boasted all your property dealings had made profits and then I agree with above that your big head was bursting to put your percentage profit, then you said you might have to wait 10 years. Are you the Troll named Fred who once stalked some Spanish property forums?. You’re a sad case of a WUM who loves to flatter himself whilst winding up others. The ‘correct’ spelling of the word is ‘numbskull’ your spelling of it is a variant, however the meaning ‘a foolish or stupid person’ does rather fit you it would seem. Why don’t you answer the questions you have been asked?LOL LOL

  6. Mike, you need to get a grip. You sound very wound up – are you in negative equity perhaps?

    The spelling is correct and in all the dictionaries you care to ever look up. Your constant reference to that one trivial issue shows that you have no other valid arguments to utilise. Thanks for agreeing that the spelling of numskull is valid.

    Also, I didn’t say I’d wait 10 years to sell, I said the market might recover in 10 years. I can’t help it if what I tell you annoys you, Mike. I was asked, and I told you.

    Lots of love to you too, lol.

  7. Anna, the price of a property is only what someone is willing to pay for it, therfore to say prices in Ronda are the same as they were 5 years ago is absolutely meaningless, as: a) you don’t know what someone is willing to pay for it and; b) you don’t know all the prices of every property in Ronda, do you Anna? Can’t wait to see you answer that, if you do at all that is, lol.

    Steve, telling people to ignore someone because you don’t agree with them is the epitome of defeat.

  8. I had a quick read a few of these posts. Creative accounting is going on here. I purchased properties in Spain and still have them. The first one I purchased was over 13 year ago. Of course it would have gone up in that time and if I sold it now there would be a profit, but if I had purchased in the UK with the same amount of money I would have made a bit less than double the profit of Spain and at least in the UK I could sell the place. The other thing is, I say there is a profit in Spain, but when you can’t rent the properties out other than the kids holidays, and you have maintenance and upkeep, I doubt if there is a profit as all. Spain is only a good place to buy if you have the outright cash and you can afford to retire, or you are using it as a lifestyle choice and money is not an issue, but even then with thousands of illegal properties, the Prior’s case, I would not advise anyone to buy there. Personally, my experience with the macho town hall people and with corruption everywhere the shine went a long time ago. Sunshine alone is not enough for me and other than drinking and smoking yourself to death or sunbathing if you do not find that too boring there is not a lot to do. After a few years I had enough. My advice is, if you buy a place, use it as a holiday home, only go for four weeks a year and it will take you longer to realise how bad it is, so the illusion will last longer.

  9. Dave, are you tired again? Funny how when people lose an argument they immediately ask for apologies and demand action. You should apologise for me – go back and review your own language first. Talk about the pot calling the kettle black.

  10. Anna, I’m sure that in certain parts of Spain, you mention Ronda, a well bought and well looked after property may be the same price now as several years ago, so this means too that you will have gained on the exchange rate if you sold it now and converted back to Sterling no doubt so don’t listen to WUM Fred. A well looked after house in the UK will always sell over others too in a reasonable location.

    Fred, you’re too wound up and ill mannered to apologise to anyone, no-one really expects you to apologise of course HA HA! You like to attack anyone you don’t agree with, what a tw*t, not even a reasoned reposte!

  11. Dave, the facts are important to me, the personal battles that go on are entertainment but the facts are the facts. Most people come on here stating that Fred is negative, but he is giving good advice stating not to invest in Spain. Anyone who has studied economics would know about supply and demand. If you invest in a property within many other Countries you can rent them out fairly quickly. In Spain there is so much supply for rentals and also for sale, that investing is not an area I would advise anyone. You only have to look at how many people are willing to rent their properties for peanuts to see the real situation. To sell a back log of 1 million properties takes years. Even then, like now, every other person I know has a holiday home so most people know someone who they can rent from so that market is so much more difficult than the UK. Sure you may pick up a cheap property but if you cannot rent it or sell it, then you will be losing money every year with the upkeep. Lifestyle yes, invest no. Don’t forget annual service charges on a good development with pool cleaners and gardeners, admin staff, maybe security. Annual prices will range from £500 to sky is the limit. Add the expensive electricity, water, cleaners ……. One of my places is due a refurb, new bathroom, new floor, the list goes on. My kids will soon be old enough to go on holiday with their mates in the summer, maybe they will have kids of their own one day, so it is a lifestyle choice, not an investment. The only ones making money in Spain are the underhand lawyers, estate agents and some officials. That is why they are the 136th most difficult Country to set up a business in. Having said the above, for retirement it is a fairly safe country, unless you get conned into buying an illegal property then you could be homeless.

  12. “Doesn’t matter is Fred is correct over any facts – that’s not the point is it!”

    lol, oh no, the facts don’t matter according to Dave. Now we can see who really is the t*wat here. Best get back to bed.

    “a well bought and well looked after property may be the same price now as several years ago”

    Maybe. Maybe not. You don’t know. This is called pure speculation.

  13. Troll Alert!

    Dave, Paul, Mike, Steve and others.

    An internet Troll is a person who delights in sowing discord on the internet, he likes to start arguments and upset people. They see it as an achievement to inflict suffering under the anonymity of the net which allows them to flourish. They are impervious to criticism, you can’t negotiate with them, they do not feel bound by the rules of courtesy or social responsibility. They want established posters to leave forums by stirring up negative emotions on topics.

    Best to ignore them although they will step up their attacks, so let’s post our views as if Fred doesn’t exist?

    He will read this and attack me as a result, but I will laugh at him as I hope you guys will too, ho ho ho.

    So let’s flatter him which he wants by a few of his silly lols, lols, lols which he doesn’t own!

  14. Time to look at another thread Fred and work out how to annoy the people on there too! what a pathetic life you lead (hiding behind your little computer)

    ‘Mike, you need to get a grip. You sound very wound up – are you in negative equity perhaps?’

    if that’s not really annoyingly confrontational I don’t know what is

    Adios amigos – good luck trying to fight this really transparent human being!

    I’m outta here!

  15. Dave, review your own posts before criticising others. The reason why you failed so miserably on this thread is because you chose just to criticise and gang up on the person whose views you don’t agree with. Seems you lot can dish it out but can’t take it back.

  16. Dave, I’ve got a tough skin so can take his vitriol, but have decided to do as Angie has suggested, btw Dave you’ve not failed miserably on this thread, laugh at him Dave and consider Angie’s aptly worded description of him, she was right though, ignore such people and he will step up his attacks but who cares?

    @him lol lol lol

  17. Happy Xmas Dave,Angie, Mike etc! As I said, leave Fractious Fred to talk to himself -he doesnt have anything to say that is worth listening too and is just a sad wind up merchant. I’m out of here too, but no doubt he will reappear as Mr. negative on some other thread

  18. Yeh sorry guys – I’m normally really positive & constructive & only have hope for everyone… I’ve never come across someone who’s actually made me angry before on the internet. I don’t think it’s to do with failing or winning on here – even Fred you’re probably an alright guy.. just tough to come across on your computer/and on this website without personally sounding like an idiot. Adios! rock on everybody! Keep this great website going! Viva España! Feliz Navidad!

  19. There are some long farewells going on here!! I have been reading Fred’s posts for the last couple of years and I can see he lives there and has not just arrived in Spain. We all start off positive regarding Spain. I would not mind giving it another go in 15 years, growing veg and keeping chickens on my land, solar panels, a wind turbine..

  20. Dave, et al, you have not understood the most basic of things, namely that my opinions are just as valid as yours. Any one reading this thread can see the overwhelming level of insults belong to the other posters, and numskull and thicko are easily the least insulting phrases used.

  21. Quote ‘Dave, et al, YOU HAVE NOT UNDERSTOOD THE MOST BASIC OF THINGS’ says the one who knows all, opinionated Fred, yes he means all of us! lol

    Goes on ‘the overwhelming level of insults BELONG TO THE OTHER POSTERS’ says one sided, blinkered and opinionated Fred, yes he means all of us! lol

    Knew he couldn’t keep away nor keep quiet, that’s what they do folks! Watch for his next one sided and illogical attack!


  22. Paul, ignore that ‘Got to Have the Last Word Troll’ I said he would go on the attack again, it’s what they do despite the accurate post of yours above pointing out his failures, he’s so sad, he will always have a peep at this topic and cannot resist saying such drivel, he’s lost the plot. lol lol lol lol

  23. Keep guessing Jim, you’re so wide of the mark it is most amusing.

    Angie, I see you’ve heeded my advice and changed your LOL to lower case, well done. If you keep going at this rate you may even learn two acronyms properly by the end of the year lol.

  24. sorry to post again guys.. something made me ‘LOL’

    ‘ROTFL – An incorrect spelling of ROFL. Generally employed by individuals who are not well acquainted with chatspeak, but are trying their best to fit in.’

    have a good evening!

  25. Oh dear, another Internet noob who needs a dictionary just to work out what phrase to use. Most entertaining to see your total inability to win a grown-up argument. I am all on your minds 24/7, I must have struck a nerve, lol.

  26. Err, no. If that’s a knock out punch then you must be a featherweight lol. Keep posting Jim, it just further reinforces what I have already said above.

    Meanwhile, everyone is making a loss when selling their places in Spain. No need to argue; just basic facts.

  27. Couldn’t resist coming back could he (Troll) but found another flaw in his posts so will remind him?

    He says above ‘I am all on your minds’ rather than ‘I am on all your minds’, his version suggests he’s a lump and he’s put ‘all’ of himself on us, what a numbskull HA HA HA!

    On another post of his he cannot even spell Malaga or Gardener’s properly, preferring his quaint pre-school version of Malage and Garderner’s HA HA HA. Also had the cheek to tell the Olive Press of their faults about an article.

    Jim won that one before and swatted that pesky gnat, might need a strong insecticide though! Let’s all laugh at him LOL LOL LOL He will be back, must be so lonely doing up his cheap rural property!

  28. mike and jim sound like little children. fred did not descend to this level at least. here in france the property market is depressed as well and we expect to make a 25% loss assuming we can even find a buyer, so it is not just spain.

  29. Ah love it, when we get to the spelling errors we know that the opposition has totally lost the plot. Thanks guys, you’ve made my week now. Jim’s turn next, or is it perhaps you’re all the same person? Where’s Dave?? lol.

    Mike, you sound very frustrated. Perhaps you should go back to the UK if you can’t cut it here?

  30. Toni, (or Fred) suggest you read his posts properly where he seems to berate most others from the start, the guy does it on other topics too. Doesn’t seem to have many friends.

    What makes him think I live in Spain, I don’t, he’s a guesser!

    Not sure what France has to do with the subject other than the property market, the only similarity is the current state of the market, I happen to like France and they didn’t do the mass built urbanisations that happened in Spain, it’s also an easy drive from UK if Crying Air’s O’Leary keeps racking his fares up, or anyone else for that matter.

    Fred, you sound very frustrated ROFL

  31. Can’t believe you’re backing up this rodent Toni!!!

    er… you started the spelling error thing Fred: ‘It’s rotfl, Mike.’ & got THAT wrong. haha

    Do you talk like this when out and about?
    There’s no way you’d survive talking this pompous to people haha

  32. Jim, or Dave, or Mike, or Steve, or whichever numskull name you choose: “What makes him think I live in Spain, I don’t”

    Ah so the truth outs. Yet another person who writes on Spanish blogs and doesn’t even live abroad. Duh, Mike even surpasses numskull status. Btw Jim, ROTFL is the original version, the first and original; your version is mainly used by schoolchildren, which is of course why you chose to use it lol.

    Toni, you’re spot on. Just imagine how these people go in real life when they lose an argument. They’ve lost this one so badly they just have to change the subject to things like spellings and acronyms to divert attention away.

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