{"id":22797,"date":"2007-10-17T08:04:00","date_gmt":"2007-10-17T08:04:00","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/blog\/?p=570"},"modified":"2007-10-17T08:04:00","modified_gmt":"2007-10-17T08:04:00","slug":"in-ladrillo-we-trust","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/in-ladrillo-we-trust\/","title":{"rendered":"In \u00abbrick\u00bb we trust."},"content":{"rendered":"<div style=\"text-align: justify;\">Investors who cannot conceive of diversifying their portfolio without allocating an overwhelming proportion of their assets to property suffered a severe psychological blow when they were forced to accept the evidence that the Spanish property market had peaked. Although for some it proved more difficult than they would have liked <span class=\"blsp-spelling-corrected\" id=\"SPELLING_ERROR_0\"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_0\">to become aware<\/span><\/span> Although it was initially thought that the bull market had collapsed, it now seems to be generally accepted that new property investments should be made in other countries with greater potential <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_1\"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_1\">rally<\/span><\/span> singer.<\/p>\n<p>Some people already <span style=\"font-style: italic;\">emigrated<\/span> a few years ago to <span class=\"blsp-spelling-corrected\" id=\"SPELLING_ERROR_2\">countries<\/span> such as, for example <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_3\">Bulgaria<\/span>, <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_4\">Romania<\/span> or Morocco, in search of the big wins they were after <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_5\">accustomed<\/span>. Others have done so recently and at the wrong time, since \u2013 just like on the stock market \u2013 it\u2019s others who have to earn the last euro.  However, the shrewdest among them  have gone one better <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_6\">intra-Community<\/span> 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 <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_7\">EU<\/span> (or also known as <a href=\"http:\/\/freshfamilyoffice.blogspot.com\/2007\/08\/god-bless-china-pker-descubierto-2a.html\" target=\"_blank\" rel=\"noopener\">Pokerian linnet<\/a>).<\/p>\n<p>As he explains so well <a href=\"http:\/\/www.rankia.com\/blog\/echevarri\/2007\/10\/de-verdad-se-quiere-apoyar-el-mercado.html\" target=\"_blank\" rel=\"noopener\"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_8\">Echevarri<\/span><\/a>, the <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_9\">monetisation<\/span> via \u2018Rentals in Spain\u2019 is <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_10\">endemically<\/span> <span style=\"font-style: italic;\">careless<\/span>. And this pushes us even further into the abyss of property investment in <span class=\"blsp-spelling-corrected\" id=\"SPELLING_ERROR_11\">countries<\/span> in the process of <span style=\"font-style: italic;\"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_12\">who knows what<\/span><\/span>.<\/p>\n<p>But against this backdrop <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_13\">demotivating<\/span> 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 <span style=\"font-weight: bold;\">west<\/span>?<br \/><a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/www.mr.ethz.ch\/%7Emarcopi\/ManhattanEmpireStateBuilding.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 300px; height: 224px;\" src=\"http:\/\/www.mr.ethz.ch\/%7Emarcopi\/ManhattanEmpireStateBuilding.jpg\" alt=\"\" border=\"0\" \/><\/a>There\u2019s a bit of everything there: developed countries, developing countries and even countries that are on the way to <span style=\"font-style: italic;\"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_14\">who knows what<\/span>. <\/span>And all of this under a wonderful common theme called <span style=\"font-weight: bold;\"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_15\">US<\/span> $<\/span>. Indeed, with <span style=\"font-weight: bold;\">one euro to one and a half dollars<\/span> Any investment across almost the entire American continent is a real bargain. You simply need to choose according to your investment preferences: Property <span style=\"font-weight: bold;\">primes<\/span> in full <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_16\">Manhattan<\/span>, <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_17\">resorts<\/span> in true Marina d\u2019 style\u2019<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_18\">Or<\/span> in Florida, the <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_19\">Mexico<\/span> more touristy, <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_20\">Central America<\/span>, the Caribbean, Brazil, Punta del Este (<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_21\">Uruguay<\/span>), 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.<\/p>\n<p><a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/www-public.tu-bs.de:8080\/%7Ey0018937\/Bilder\/12\/Miami%20Beach%20II.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 303px; height: 201px;\" src=\"http:\/\/www-public.tu-bs.de:8080\/%7Ey0018937\/Bilder\/12\/Miami%20Beach%20II.jpg\" alt=\"\" border=\"0\" \/><\/a>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 <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_22\">The Americas<\/span> with a perfect <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_23\">Espanglish<\/span>?<\/p>\n<p><a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/www.leisureres.com\/global-images\/an-007.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 342px; height: 206px;\" src=\"http:\/\/www.leisureres.com\/global-images\/an-007.jpg\" alt=\"\" border=\"0\" \/><\/a>It reminds me of that black-and-white film called <a href=\"http:\/\/es.wikipedia.org\/wiki\/Bienvenido,_Mister_Marshall\" target=\"_blank\" rel=\"noopener\">Welcome<\/a><a href=\"http:\/\/es.wikipedia.org\/wiki\/Bienvenido,_Mister_Marshall\" target=\"_blank\" rel=\"noopener\">o <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_24\">Mr<\/span>. <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_25\">Marshall<\/span><\/a> with that endearing <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_26\">little song<\/span>: <span style=\"font-style: italic;\">\u00abYou <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_27\">we were welcomed<\/span>  Americans with <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_28\">so happyyy<\/span>\u00ab<\/span>. But on reflection, European investment in the Americas is purely speculative and lacks the spirit of reconstruction that characterised the <a href=\"http:\/\/es.wikipedia.org\/wiki\/Plan_Marshall\" target=\"_blank\" rel=\"noopener\">Plan <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_29\">Marshall<\/span><\/a>, although he could certainly do with one from Chihuahua downwards.<\/p>\n<p><a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/www.tropicalisland.de\/RIO_Rio_de_Janeiro_Corcovado_panorama_2_2_b.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 210px;\" src=\"http:\/\/www.tropicalisland.de\/RIO_Rio_de_Janeiro_Corcovado_panorama_2_2_b.jpg\" alt=\"\" border=\"0\" \/><\/a>Anyway, it\u2019ll always help to calm the <span style=\"font-style: italic;\">jumpsuit<\/span> Spanish and European investors\u2019 property portfolios. With the euro trading at one and a half dollars, the term \u2018New World\u2019 is taking on new meaning once again. Let\u2019s hope it doesn\u2019t end up like the Wild West. Nor that, in a few years\u2019 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, <span style=\"font-style: italic;\">fundamentalists<\/span> Estate agents: God bless America, we trust in \u00abbricks and mortar\u00bb.<\/div>","protected":false},"excerpt":{"rendered":"<p>Los inversores que no entienden una diversificaci\u00f3n de su patrimonio sin un abrumador porcentaje de sus activos en inmuebles, sufrieron un golpe psicol\u00f3gico muy duro cuando tuvieron que aceptar la evidencia de que el mercado inmobiliario espa\u00f1ol hab\u00eda tocado techo. Aunque a algunos les cost\u00f3 m\u00e1s de lo deseable concienciarse de que el ciclo alcista [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-22797","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=22797"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22797\/revisions"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=22797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=22797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=22797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}