The Times is predicting a 30% drop in prices.

Eze Peasy at Anfield....

Don't buy in Playa Blanca if Timanfaya goes you can still see the lava stream that ran 250 years ago

“That’s a joke son, I say, that’s a joke.” “Nice boy, but he’s sharp as a throw pillow.” “He’s so dumb he thinks a Mexican border pays rent” “ “Son… I say, son, some people are so narrow minded they can look through a keyhole with both eyes.”__ Forhorn Leghorn

My daughter and son-in-law bought a new Bovis home near Petersfield about five years ago and paid around £450k for it.

Last Thurdsday an estate agent valued it at £750k. Good luck to her.

Dad and I watched games standing on the muddy slope of the Holmesdale Road end. He cheered and I rattled.

this commentator is very interesting ....

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Eze Peasy at Anfield....

Shock horror he is talking basic economics. Nothing unusual, only affects those who have to sell. Might mean an improved outcome for first time buyers but if you are moving on you’ll just pass the reduction on from your sale to your purchase otherwise the deal will fall through.

We have been through this cycle twice already in my lifetime including the 15% interest rates, it’s part of the banks plan to get interest rates back to normal and make the average person on the street that little bit poorer. They do love doing that.

The cynic in me says the super rich will just mop up any property where they are desperate to sell. The internet is already littered with small companies looking to offer you cash for your home at massively reduced prices.

Answer is simple, if you don’t need to move and can afford to live where you currently are, stay put.

A few months ago I was in conversation with a charming gentleman who is resident in Tenerife.
He informed my that some luxury apartments built in a development in Los Gigantes have all been sold for prices between £750,000 and £1.25 Mill.