Episode 51 and this week we chat about:
– the decline in rental properties due to ley vivienda
– the Bank of Spain credit criteria changes
– euribor back positive, variable mortgages more expensive
– tourism sector increasing prices because of inflation
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Salaries are pretty dreadful everywhere, not just Spain, but it's been a real problem in Spain for a long time and with the cost of living going up it highlights it even more. Nevertheless, I still see masses of people paying $10 euros for a hearty menu del dia (and that's a good price) instead of making sandwiches and complaining about the cost of living. I've been writing about this for years and it's not just Spain. Far too many young people are leaving education with poor qualifications and without the least idea how they will make their way in the world. It's not so easy for those with qualifications either but they have better options. It's not just young people. If you need to find a job in your 50's good luck to you without a suburb cv. Long term employment options are a real problem in Spain.
I like that Johnny has prepared topics. Extends the “news reporting” aspect of the channel to financial matters.
We have just booked in Menorca and have been told there will be a tourist tax, probably 4 euros a day per person
Maybe you can do a video about solar panel/solar collector installations and any subsidarys available, prices etc.
Slept with a scolopendra last Wednesday night, it gave me a good seeing to and left without even leaving a phone number. Bastard.
Saturday and the bite, on the side of my beer-gut, was still very painful so I scootered off to Órgiva A&E to practice my Español.
The doctor was really excellent, she lanced it and dressed it then typed out two sheets of A4 which detailed the whole affair, and a third which described my antibiotics, cream, histamine pills and pain killers for the pharmacy across the road. The treatment was free, the drugs were a tenner which included some forte cannabis sativa pills which I hoped might add a little jollity to the recovery.
Once I landed at my dentist´s just before opening time and he smoothed off a chipped tooth for me, again – no charge.
When you´re 72, and " principalmente madera muerta," It is reassuring to know that such an accessible and high level of medical care is there for you. ¡ Gracias España !
I’m listening to you guys talking about how socialism is destroying the Spanish economy. Keep up the good work
I live in Northwestern US. My daughters two bedroom apartment was $800 US a month, and at the end of the year was increased to $1300 US. ( I think about €740 to €1200) so this problem is here, too. And of course her salary did not increase by that percentage.
More bad news coming in from the UK..Language schools for foreign students are being “devastated” by a combination of post-Brexit red tape and the impact of the pandemic, threatening the future of a £3.2bn industry, tourism leaders have warned.
A report by the Tourism Alliance said even though the government had ended Covid travel measures, ministers had imposed unnecessary restrictions on children from France, Germany and other EU nations.Until 2021, more than 1.5 million children came to the UK each year to study English or on organised school trips, accounting for about 11% of total annual tourism earnings.
Before Brexit, groups of children could travel using identity cards under the List of Travellers scheme…What I have found here in cuenca is that less students are using the English language academies.. Tony cuenca
Help gentlemen. Listening to your financial discussion, for anyone that is not a part of the EU it is just as important to understand money conversions as it is to understand the language.
My mother always sais that 1/3rd of ones income should go to rent. Was very lucky as after 15 years of paying 300€, the flat is mine!!!
Hola ambos muchas gracias por el vídeo in 1989 our mortgage went up to 15% and know on our savings we get less than 1% double wammy
Hi Stuart and Ivan, where will this tourist tax be imposed? At the boarder, at the hotel or where? Could we end up paying it several times?
So no one buying rental property.
And Brits cannot use their Spanish homes for more than 6 months overall in a year.So are trying to sell up.
Not looking good for the UK.
So not looking good then,but then what do people expect when you have dragflation and wages are static or falling… doesn't affect the Rich though……Tony cuenca
Portugal has a 4 euro for each adults tax but it is nothing compared to places like San Diego CA where it can be from 1/3 to 40% of the price of the room and no matter hotel or motel its a resort fee /tax. You pay 1,500 to to 2,000 for for 3 to 4 nights if you got a good deal, but on top of that you have to pay that resort tax when you check in. So will take your 2 or 4 euro tax over that.
🎉hoy. from Valencia I am actually India GOA . like your economic explanation.🎉🎉 respect