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| General Tenerife Chat Chat about anything and everything Tenerife. |
 | |  24th April 2007, 13:41 | #2 (permalink) | | Super Tenerifian Join Date: Mar 2007 Location: Tijoco Gender:  Posts: 2,403 | don,t recognise any of the estate agents on the link as having anything to do in the reef .cue janet, ? mike?  __________________
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"I'm not as drink as some dinkle peep I am"
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|  |  | | 24th April 2007, 13:50 | #3 (permalink) | | Super Moderator Join Date: Nov 2005 Location: Chayofa (surprisingly) Gender: Posts: 4,295 | Quote: | Originally Posted by lopin ...Will this effect the price of property inTenerife or will it help prices | Well ... I could write a book  There is a serious problem with banks being at risk because of over-financing property purchases. This obviously affects the mainland mostly but also to a lesser degree, Tenerife. In answer to your question, it shouldn't make the slightest bit of difference to prices in Tenerife for the sorts of properties that 'most' overseas people purchase. __________________
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Don't interrupt me when I'm ignoring you!
I'd love to see things from your point of view but I can't get my head that far up my bum.
I like the 7 deadly sins - it's a good check list!
To buy, sell or rent property ...
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| | | | | The Following User Says Thank You to Mike in Chayofa For This Useful Post: | | | 24th April 2007, 13:59 | #4 (permalink) | | Banned Join Date: Nov 2005 Location: Tenerife Gender:  Posts: 9,580 | Just searched the whole thing ... not ONE reference to Tenerife. This is the mainland folks, and this is exactly why people want to buy in Tenerife  | | | | | 24th April 2007, 16:15 | #5 (permalink) | | Super Tenerifian Join Date: Nov 2005 Location: Adeje Gender: Posts: 1,495 My Mood:  | One of the companies mentioned, Acciona, is building apartments in Tenerife -(La Caleta) along with much infrastructure (most notably, Plaza Espana in Santa Cruz) ...but there is no cause for concern - to put things into perspective, their share price has dropped around 5% today to 164 euros ... last September it was 120 euros and in September 05, it was around 90 euros .... | | | | | The Following User Says Thank You to doreen For This Useful Post: | | | 24th April 2007, 16:25 | #6 (permalink) | | Super Tenerifian Join Date: Oct 2005 Location: Leeds Gender: Posts: 2,936 | Quote: | Originally Posted by doreen One of the companies mentioned, Acciona, is building apartments in Tenerife -(La Caleta) along with much infrastructure (most notably, Plaza Espana in Santa Cruz) ...but there is no cause for concern - to put things into perspective, their share price has dropped around 5% today to 164 euros ... last September it was 120 euros and in September 05, it was around 90 euros .... | peaks and troughs.. peaks and troughs.  | | | | | The Following User Says Thank You to PeterRayner For This Useful Post: | | | 25th April 2007, 23:31 | #7 (permalink) | | Super Tenerifian Join Date: Dec 2006 Gender: Posts: 457 | ...and if the British property market is seriously overpriced and heading for a correction..how will that affect property values in Tenerife??..Now thats another story  | | | | | 25th April 2007, 23:56 | #8 (permalink) | | Banned Join Date: Nov 2005 Location: Tenerife Gender: Posts: 9,580 | Well, clearly there is a connection between the two markets, and if the UK suffers, then there is a definite knock-on effect here. That cannot be denied. The main advantage to Tenerife, however, is that it is not solely dependant on one market. At the moment, the Germans, Austrians, and Russians are spending like there's no tomorrow ... so no-one who already owns here should feel disheartened, even though the reduction in Brits looking for property reduces the overall numbers. And of course, with fewer buyers, there are some real bargains to be had ... | | | | | 26th April 2007, 08:30 | #9 (permalink) | | Super Tenerifian Join Date: Oct 2006 Gender: Posts: 520 | If it is a serious slump on the mainland it will definitely affect Tenerife as all the major spanish banks are heavily involved with property development
AS interest rates in the UK rise this will also have an effect as many purchases abroad are financed by second mortgages on UK property | | | | | 26th April 2007, 09:27 | #10 (permalink) | | Regular Member Join Date: Mar 2007 Location: Costa del Silencio Gender: Posts: 63 | According to the Bank of Spain and the IMF property prices in Spain (including the balearic islands and Canaries) are overvalued by 30 per cent - so one would guess that a drop is on the cards | | | | | The Following User Says Thank You to cole-anthony For This Useful Post: | | | Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | | | Thread Tools | | | | Display Modes |  Linear Mode |  Posting Rules | You may not post new threads You may not post replies You may not post attachments You may not edit your posts
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