New Year Promise?
According to many pundits the Euro is due for a bad year, which should mean better news for ex-pats who receive pensions later on. It might mean interest rate rises too, which will be good for savers, less so for people with mortgages, although the seriously depressed housing market in Spain will lessen the affect , as no-one wants mortgages in Spain right now. The adverse UK winter MAY make people think about that home in the sun…..we shall see.
Comments please
As traffic increases to my site, I am a little disappointed that no-one is adding any comments. Maybe there is little interest in financial services in Spain at present. Everybody is being affected by the recession, the UK is apparently coming out of recession and the banks appear to be lending more on mortgages, if you believe the British Press today
