The World of Spain Blog

The World of Spain specialise in one country only, Spain, unlike many of the agents to be found on the web that seem to specialise in every country of the world. It has taken our team the best part of a decade to become fluent in the complexities of property acquisition in just one country, and that being familiar to us because it is right on our doorstep.

I find it difficult to comprehend how vast numbers of `on line agents` can encourage people so flippantly to acquire property in countries with very complex legal systems and dramatically different cultures & religions, and not only do they commit the unwitting purchasers to these unknown quantities, but they describe them as `the next big thing` or `emerging market`.

Consider the following…..

How long will it take for these markets to emerge? if at all! Spain has been emerging since the 60`s!

There is a well known phenomenom referred to as `the herd instinct` where the masses act like lemmings and this human sentiment driven instinct is responsible for driving economies up & down all over the world. When the herd instinct kicks in…….beware! - decisions are generally based upon nothing but hype - we all remember what happened to the so called next big thing in the stock market tech stocks! - the heard lost a fortune!

The herd that are making most of the acquisitions in these so called emerging markets are being seduced by unsubstantiated claims of 20,30 and 40% plus increases in property valuations. Unfortunately for the speculative herd, there are that many new units currently under construction and planned for the future, that these claims of increase in valuation may never become a reality. Newcomers to the market are going to do just the same as they did and buy new/off plan not re-sale. So, the question is - who are the speculative herd going to sell to in order to realise 20,30 or 40% plus gains?

Can any of these countries native population afford to prop up its own property market?

Spain has a ready made `client base` - the UK! We love Spain, we go there every year on holiday and to rent property. Spain can prop up its own property market and it has a ready made rental market. Its only two hours away form us, there are flights every day, all year round for the price of a night out or less. I could go on and on……..