Sorry if this has been asked a millions times. We’ve just put our house on the market (our timing is impeccable) and will move to Spain as soon as it’s sold. Things are getting very rocky here at the moment, with this credit crunch business.
Is the crisis in the UK having any effect on the Spanish housing market? Obviously, if it is we will accept a lower offer for our house. If it isn’t then it looks like we’ll be stuck here for a while. Looking at various property web sites the prices seem to be at an exchange rate of 1.45. Should we be making offers that reflect today’s rate?
I’ve also read that if you a rent a house for 1 year then you are entitled to stay in it for 5 years which makes renting the same house for longer than 12 months difficult, is this correct?
Sorry if these questions seem a bit daft but I would like to get opinions from people who actually live there rather than estate agents etc.
Bye for now
Kathy