Archive for October 14th, 2008
The Credit Crunch and Property Investment
THE CREDIT CRUNCH & PROPERTY INVESTMENT – Some Interesting Comparisons;
If you had spent £100,000 a year ago buying shares; this is approximately what you would have today;
HBOS = £9,500
RBS = £16,500
M & S = £34,500
Icelandic Bank = £50,000
If you had bought a property; it should be worth approx;
Spain = £75.000
UK = £87,000
France = £95,000
Italy = £95,000
If your property was rented returning approx. 5%, then you would be about even in France and Italy, 10% down in the UK and 20% down in Spain.
The above goes to prove that even in the worst credit crunch in modern times, property is still one of the most solid investments and one that you can see, enjoy and earn income from it!
If you are interested in property in exciting hotspots such as North Cyprus, Cape Verde, Turkey Or Egypt visit Savills Associate Select Resorts.
If you are looking for more traditional holiday home locations we also have great deals on Property in Spain and the Algarve.
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