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  1. Peter Mitry

    Are buyers returning to the Spanish real estate market?

    When the crisis hit in Spain the banks suddenly became the owners of vast amounts of repossessed property and for several years now have been criticised for keeping this on their books at the original values. Now reality is setting in and we are aware that the major banks will negotiate...
  2. Peter Mitry

    lost depsoit on off plan spanish property

    Excellent Barry, very good news and of course it shows that you should never give up. Recently the Spanish government have ruled that banks who give bank guarantees are ultimately responsible for refunding this money. However, the potential downside for the banks is vast and you can be sure they...
  3. Peter Mitry

    Are buyers returning to the Spanish real estate market?

    Whilst there is no doubt that the recovery in the Spanish property market is recovering in the major cities of Madrid, Barcelona and Valencia, it is also true that the number of property transactions in Marbella and the traditional hotspots is also on the increase. What is different is the type...
  4. Peter Mitry

    Property prices in Spain

    The truth is that Investors will always be around and if one country does not offer a product they will invest somewhere else; it therefore makes good sense for countries to attract inward investment in this way. It is not a total solution but it is an opportunity which exists now and for that...
  5. Peter Mitry

    Property prices in Spain

    It would be a negative step if Spanish and Portuguese governments were to withdraw the Golden Visa scheme as it encourages must needed foreign investment. Any attempt to scale it down would simply drive investment to other countries such as Greece and Cyprus.
  6. Peter Mitry

    Are buyers returning to the Spanish real estate market?

    Spain will always be popular with Europeans because of the relatively short travel time to get here; the days of the two week summer holiday in July/August are long gone. Most people will come to Spain several times in the year, often just for a long weekend. Prior to the financial crisis there...
  7. Peter Mitry

    lost depsoit on off plan spanish property

    Someone asked earlier in this thread how Investors lost money? Why did they not stop investing? In the good days between 2000 - 2006 many of us who were close to the industry bought a number of properties off plan from Developers such as Peninsula, Noriega and Aifos in Spain, who at that time...
  8. Peter Mitry

    Changing to my Original Forum Name

    Just to advise that I recently ´joined´ this forum using my Christian names, Peter Wadie. I have since discovered that it was originally Property Community and I am still a member under my original name ´Peter Mitry´. Hence from now on I will post as Peter Mitry, not Peter Wadie!
  9. Peter Mitry

    Will the new President be good for tourism and foreign residents.

    Will the new President be good for Tourism? Well here we are 5 months down the line from earlier comments; what do other members feel the future holds? Is there more optimism and is it well founded?
  10. Peter Mitry

    Is criticism of Egypt's real estate sector warranted?

    This may certainly have been the case in the past and it is likely to still be the case now, however, those of us with an interest in getting the industry back on it's feet must continue to press for reforms and continue to bang this particular drum until someone listens. We have some good...
  11. Peter Mitry

    Is criticism of Egypt's real estate sector warranted?

    I totally agree with you John; if Egypt wants to encourage Residential Tourism then the new government must do all in it's power to put things right, and that means providing spokesmen to read forums like this and be prepared to listen, take note and comment to give reassurance to future...
  12. Peter Mitry

    Is criticism of Egypt's real estate sector warranted?

    Unfortunately John the new government may find it has bigger issues to address in the short term than regulation of the property market and it will fall to the few agents still active in Egypt to seek out the new and established Developers that have delivered on their promises and to avoid the...
  13. Peter Mitry

    What do you expect from the Egyptian property market in the short, medium and long term?

    Egyptian property market The Egyptian people are not like the Syrians or the Libyans; they are generally of a peaceful nature and most want prosperity and stability in their country. The problem is that they have no experience of democracy in living memory and there are many different...
  14. Peter Mitry

    Egypt back on the map?

    When the Egypt forum was launched it rapidly became the most popular and most visited destination Worldwide. Those of us who were involved from the very beginning understand only too well why it was discontinued. It is great to see posts appearing again and I hope this will be the beginning...
  15. Peter Mitry

    Recommended lawyers in Hurghada

    Lawyers in Egypt This is certainly true and in my experience since 2007, not before time! In my experience, even International law firms with a good reputation have to employ an Egyptian lawyer to do the work in the courts and the cultural differences in relation to work ethic, together with...
  16. Peter Mitry

    What do you expect from the Egyptian property market in the short, medium and long term?

    Egypt Property Market Above all else Mantis is absolutely right. There are definite signs of a recovery beginning to happen and it is encouraging to see enquiries for higher value properties again. However, as before the Revolution, certain obstacles still exist and the greatest of this...
  17. Peter Mitry

    Buy property in Spain get Citizenship ?

    Residence for Investment Last we have been told is that the 500k investment can include property, land or commercial premises and would become law on 1st Jan 2014? Does anyone have any updates on that?
  18. Peter Mitry

    Buy property in Spain get Citizenship ?

    Golden Visa The 500 k Euro minimum may be welcomed in areas such as Marbella and Barcelona but will not help the vast stockpile of unsold properties in other areas and will do little to kickstart the Spanish construction industry. Greece has reduced the threshold for guaranteed residency from...
  19. Peter Mitry

    So I want to move to Spain, Where do I go?

    The 'old town' of Huercal Overa would suit you perfectly or the seaside town of San Juan de los Terreros which is about 30 minutes away.
  20. Peter Mitry

    So I want to move to Spain, Where do I go?

    Huercal Overa, Almeria After 14 years of living and working on the Costa del Sol I have been running my company in Egypt for four years but have recently relocated back to a small pueblo close to Huercval Overa. We absolutely love it here, the town is spotlessly clean and very Spanish and...
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