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Holiday homes Abroad

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terambulan | 04:09 Wed 28th Jan 2009 | Property
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Have yours been an asset?

Which country is it in?
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I suspect we will get lots of very polarised views, T.
It depends when you bought it and where it is (not just which country). It also depends whether you buy it as a resource under your own control for personal/family/friends holidays, or as an investment for a return on your investment.
At one end of the scale, those that have bought in France or the near continent, especially more than 10 years ago, are pretty satisfied.
At the other end of the scale, anyone whose buying or bought in Dubai is barking-mad. When the bubble bursts, the supply will simply overstrip the demand - if it hasn't already happened. And whose going to be able to fly to such places for pleasure in a few more years?
Buildersmate has it just about right, as for Dubai the bubble has already burst.

They havie problems with banks as we and the rest of the world do.

Simply no more oil
The Spanish property market has collapsed too.
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