Some people already emigrated a few years ago to countries such as, for example Bulgaria, Romania or Morocco, in search of the big wins they were after accustomed. Others have done so recently and at the wrong time, since – just like on the stock market – it’s others who have to earn the last euro. However, the shrewdest among them have gone one better intra-Community in Malta, with excellent results. In short: speculators, those with deep pockets and even small investors on the lookout for bullish property cycles, which coincide over time with the emergence of countries with fledgling economies as they join the all-powerful EU (or also known as Pokerian linnet).
As he explains so well Echevarri, the monetisation via ‘Rentals in Spain’ is endemically careless. And this pushes us even further into the abyss of property investment in countries in the process of who knows what.
But against this backdrop demotivating For those who cannot imagine building their wealth without bricks and mortar, an old-yet-new world and a dazzling paradise has opened up. Why not stop looking eastwards and start looking towards the west?
There’s a bit of everything there: developed countries, developing countries and even countries that are on the way to who knows what. And all of this under a wonderful common theme called US $. Indeed, with one euro to one and a half dollars Any investment across almost the entire American continent is a real bargain. You simply need to choose according to your investment preferences: Property primes in full Manhattan, resorts in true Marina d’ style’Or in Florida, the Mexico more touristy, Central America, the Caribbean, Brazil, Punta del Este (Uruguay), Argentina, etc., etc., etc. The only thing left would be for the Castro family to join the Euro party and for Havana to soon become a mini-Shanghai just 90 miles from Miami.
All in all, a veritable real estate investment frenzy at one and a half dollars to the euro. Will there be anyone who still prefers to speak broken Hungarian or Romanian rather than conquer the The Americas with a perfect Espanglish?
It reminds me of that black-and-white film called Welcomeo Mr. Marshall with that endearing little song: «You we were welcomed Americans with so happyyy«. But on reflection, European investment in the Americas is purely speculative and lacks the spirit of reconstruction that characterised the Plan Marshall, although he could certainly do with one from Chihuahua downwards.
Anyway, it’ll always help to calm the jumpsuit Spanish and European investors’ property portfolios. With the euro trading at one and a half dollars, the term ‘New World’ is taking on new meaning once again. Let’s hope it doesn’t end up like the Wild West. Nor that, in a few years’ time, Europe will once again need a Marshall Plan to repair the damage caused by the excesses of the euro. For the time being, as they would say, fundamentalists Estate agents: God bless America, we trust in «bricks and mortar».