British homeowners in Spain: The right move at the right time

Spain is not a bad place to invest or move. After a long period of bad press in the UK and unstable British economy, things change and buying in Spain keeps being a profitable decision!
Article from Daily Mail. 24th April 2007:
Jennifer and John Day moved from Buckinghamshire to the Costa de la Luz last year.
The couple, who are in their sixties, have made a killing on their property - and maybe just in time.
Their home has almost doubled in value in 18 months.
In November 2005, they paid £150,000 for an off-plan, three-bedroom, three-storey townhouse overlooking a golf course, seven minutes from the beach.
By the time they moved in a year later, it was worth £230,000. Last week, it was valued at £286,000.
Mr Day runs a building company. Mrs Day, who works as an administrator, said: "We'd been coming to Spain for years. Originally, we planned to keep this as a holiday home but then decided to relocate over here.
"We used to go to the Costa del Sol but it has become so over-priced and over-crowded with high-rise blocks.
"Here it is far more authentically Spanish - there isn't much of an expatriate community - and it's much better value for money.
"Property prices in our region are stable. The Spanish aren't as obsessed by property prices as we are in England although they are happy enough to sell their homes for huge sums of money if foreigners come offering it."

Readers of the Daily Mail newspaper said about this article:

“My wife and I have been in Spain for 11 years and we have our son and his wife and two granddaughters, both of whom were born here. It is a great place to live with a fabulous climate and a lot less state interference in our daily lives. Our health service is second to none and the education system absorbs British kids into the system incredibly well. Property prices have risen but there are still good deals to be had; the silliness in the market of recent years has now ended. It is a buyers' market and you can always find a good deal if you are seriously looking”
- Peter Mitry, Manilva, Spain
“It is just possible to buy a property to enjoy. Does everything have to boil down to money and profit? We have a house in Spain to benefit from the climate and lifestyle not to make money.”
- T Lovell, Horsham, West Sussex

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