At first glance there was little sign of the credit crunch and the collapse of world banking as we know it at todays 'A Place In The Sun Show' at the NEC Birmingham.There was less floor space and therefore less stands than previous years but there were enough of the public to give the hall a busy feel.
There were many of the usual faces and the usual places; Turkey and Dubai were still the most prominant property investment destination and the deals were still 'ticking all the boxes'It was also interesting to see the deals on offer for a couple of Argentina Mendoza stands, The Caymen Islands, Australian beach property and Fiji.
It was the 'at show discounts' that really gave the game away. 10%, 15% and 20% off for signing up on the day. One very large and well known firm had cut the prices of some of their Spanish Property by around 40%, and this was only the first day of the show.
As I walked passed the stage, listening to 2 TV presenters of the show confessed that they had not yet bought a property abroad (their priority had been to buy a home in the UK) They teased each other about West or South London offering the best deal,it struck me that, actually, neither place gets too much sun? They went on to say that they were now in the market to buy further afield.Shameless. But the point is, that if you afford to do it, perhaps now really is the time to buy.
Friday, 26 September 2008
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