Exchange Rates Hit Properties In Spain Sales
0 views
Skip to first unread message
Neil Ebsworth
May 7, 2013, 8:40:02 AM5/7/13
to publish-the...@googlegroups.com
*****************************************************************
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Neil Ebsworth
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=236155
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=236155
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Exchange Rates Hit Properties In Spain Sales
Author: Neil Ebsworth
Word Count: 529
Article URL: http://www.isnare.com/?aid=236155&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=236155
Easy Publish Tool: http://www.isnare.com/html.php?aid=236155
*********************** ARTICLE START ***********************
If it wasn�t bad enough that a global credit crunch, followed by a UK minor banking wobble followed by�do I need to go on..then the property market in Spain is sitting at the bar listening to John Lee Hooker supping on its twentieth shot of 'Jonny' Black.
Properties in Spain have had a rough ride over the past three years following a five year ascendancy that saw prices rise by 300 - 400 %. A correction most would say in hindsight, was inevitable. But the length of time that the market has now been �sitting at the bar� could never have been predicted. One global issue after another has piled on the misery to the point that nothing seems to surprise any more.
The latest nail in the proverbial has been the ascendancy in the value of the Euro, which combined with ever decreasing strength in the dollar has sent the more important rate against the pound close to a high. Gone are those skeptics that professed the demise of the new currency a few years ago when it was launched.
The main effect to the Spanish property market has been to see the drop in villa prices that has occurred over the past twelve months, to create a bounce in the market, to have been nullified. The increases that were seen in interest in January have not materialized into purchases as investors and holiday home buyers wait for their pound to give them back the purchasing power that they had expected when they did their original calculations on moving to the sun.
The blame for the ever strengthening Euro may be a result of the inability of the E.C.B. to effectively manage interest rate policy over such a variety of economies that make up the member nations that adopted the Euro. It was always a worry that the lack of 'mobility of labour' may be the straw to break the back of the Euro camel. By contrast to the economies that make up the US, the language barriers across Europe make it much more difficult for a worker in Greece who is made redundant, to up and move to Germany, where his profession is lacking in skilled workers. This inability of the labour force means that differing member nations will suffer different rates of employment/unemployment without the ability to transfer labour to even things out.
In a month or two things will only get worse. With millions of brits booking their summer vacations on the continent, the months of may to September are historically strong for the Euro as demand for the currency deals with the foreign exchange needs of the public.
Some good news is required to get things going again globally�lets hope it happens before November.
I say November because the election of a new president�whomever they choose, normally produces a bounce in the step of the largest economy in the world and whose ripple effect may help all things globally. Otherwise the Spanish market may stay suffering with a summer of more than just blue skies!
About The Author: Neil Ebsworth is founder of AMLASpain, http://www.amlaspain.com , The Spanish Property MLS. Read more Spanish Property articles at http://www.kfaglobal.com
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=236155
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Neil Ebsworth
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=236155
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=236155
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Exchange Rates Hit Properties In Spain Sales
Author: Neil Ebsworth
Word Count: 529
Article URL: http://www.isnare.com/?aid=236155&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=236155
Easy Publish Tool: http://www.isnare.com/html.php?aid=236155
*********************** ARTICLE START ***********************
If it wasn�t bad enough that a global credit crunch, followed by a UK minor banking wobble followed by�do I need to go on..then the property market in Spain is sitting at the bar listening to John Lee Hooker supping on its twentieth shot of 'Jonny' Black.
Properties in Spain have had a rough ride over the past three years following a five year ascendancy that saw prices rise by 300 - 400 %. A correction most would say in hindsight, was inevitable. But the length of time that the market has now been �sitting at the bar� could never have been predicted. One global issue after another has piled on the misery to the point that nothing seems to surprise any more.
The latest nail in the proverbial has been the ascendancy in the value of the Euro, which combined with ever decreasing strength in the dollar has sent the more important rate against the pound close to a high. Gone are those skeptics that professed the demise of the new currency a few years ago when it was launched.
The main effect to the Spanish property market has been to see the drop in villa prices that has occurred over the past twelve months, to create a bounce in the market, to have been nullified. The increases that were seen in interest in January have not materialized into purchases as investors and holiday home buyers wait for their pound to give them back the purchasing power that they had expected when they did their original calculations on moving to the sun.
The blame for the ever strengthening Euro may be a result of the inability of the E.C.B. to effectively manage interest rate policy over such a variety of economies that make up the member nations that adopted the Euro. It was always a worry that the lack of 'mobility of labour' may be the straw to break the back of the Euro camel. By contrast to the economies that make up the US, the language barriers across Europe make it much more difficult for a worker in Greece who is made redundant, to up and move to Germany, where his profession is lacking in skilled workers. This inability of the labour force means that differing member nations will suffer different rates of employment/unemployment without the ability to transfer labour to even things out.
In a month or two things will only get worse. With millions of brits booking their summer vacations on the continent, the months of may to September are historically strong for the Euro as demand for the currency deals with the foreign exchange needs of the public.
Some good news is required to get things going again globally�lets hope it happens before November.
I say November because the election of a new president�whomever they choose, normally produces a bounce in the step of the largest economy in the world and whose ripple effect may help all things globally. Otherwise the Spanish market may stay suffering with a summer of more than just blue skies!
About The Author: Neil Ebsworth is founder of AMLASpain, http://www.amlaspain.com , The Spanish Property MLS. Read more Spanish Property articles at http://www.kfaglobal.com
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=236155
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Reply all
Reply to author
Forward
0 new messages