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Saturday 3 October 2009

Canary Island And Greece Property Review

John Gold reviews the current economic climate for the Canary Islands and Greek property market.

How wrong can you be?

Talk about the kiss of death in our last newsletter, I talked about the positive news regarding sterling and since then it has all gone down hill !!
The economic data from the UK has sent sterling vs some of the other major currencies through the floor ( well not quite, bit of an exaggeration ) but it went as low as 1.08 euros to the pound ( see I said in my last newsletter you would not find a better time to buy ) anyway after the downward trend of the last couple of weeks, hey guess what we are now seeing it tracking upwards again to the heady heights of 1.0999 today ( 30 September ) fingers crossed it remains going in the right direction again if you read some of the daily reports from the major currency houses they have talked about the bank of England creating the reduced strength of the pound.
Anyway the good news for the buyers out there is property prices have not gone up!! YET! but on a more serious note opportunities are still out there and at some prices of the properties available, it really does not matter what the exchange rate is or does.
You will note a great selection of properties in this newsletter outlining some opportunities across the board from Villas to Apartments,
Keep an eye on your e-mails for the new electronic versions of BuyIN Fuerteventura and BuyIN Greece magazines, which are nearing completion and will be distributed shortly.
I mentioned a couple of newsletter ago the words Fractional Ownership which is starting to gain momentum in the real estate industry in the newest edition of BuyIN Fuerteventura there will be a focus on this subject to explain more, but an example of this is four owners can share ownership in a 3 Bedroom 2 Bathroom Villa with pool and Jacuzzi, in 1,000m2 plot for three months spread throughout the year from only 79,750 euros per owner and it is all FREEHOLD.
The sun remains, beach beckons and properties in the world of GoldAcre Estates remain available and the whole TEAM would love to show you them.
Good luck, happy hunting and wherever your search may you find your DREAM HOME we are there to assist you.

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