so, this housing crash that I'm reading about all over...

[sichez]

... is it just a load of hot air and scare-mongering, or is it serious?

genuine informed replies and discussion please!

[andywebb]

The trouble is that overbuilding has been going on for years.

However if you have a property that you bought as a holiday home or a retirement home what is the problem?

I am 'quids in' on the basis of what I paid and, even taking in to account a collapse in the market what I can expect to get as a resale.maybe you need to start worrying.

I have no plans to sell for many years and will sit on my investment and use it for holidays etc.

If you just bought to make a profit then

[harry]

can't really see any sort of crash!

Property prices are obviously not going though the roof like they did due mainly to over development but plenty of people still seem to want property there.

With so many resales on the market this means lower prices & I'm sure if you had a wad of cash you could pick up a real bargain but in general I can't seen any evidence of a general price crash!

[Dermot Sheehy]

If you don't have a mortgage on the property and if you have purchased it as a long term investment you should have nothing to worry about.
Any slump that may occur in property prices now or in the near future will with the passage of time swing back in your favour.
If you have got a large mortgage and bought the property with the intention of a quick sale and a good profit tough luck.
Short term investment in property is always a gamble.
Location of property is also a feature. If you have a property in a town like Torrevieja there will always be a market for it as Spanish nationals working in the town with family connections there will always need somewhere to live. However if you have a property in one of those urbanisations located in the middle of nowhere with no sustainable activities in the locality the current over supply of such property will affect the sale price.

[sichez]

cheers for the replies.

luckily, we're in this for the long-haul.

as long as the prices go up a bit every year, I'd be happy.

obviously, the annual increases aren't as steep as they were, but you can't expect miracles!