Paradise Lost ITV

Well I have just sat through another great (sarcasm) ITV production about Spain and how utterly awful it is for many (well five) expat property buyers in Spain.

To be honest ALL of the programmes are the same format just with a different narrator and different people.

Let's take a couple of the cases shown.

A couple purchased a huge 5 bedroom villa (family of 4 I think). In their own words they took out a massive mortgage which also left some money over. They wanted such a big property so they could have lots of friends over and have lots of parties. THEN the mortgage rate went up and they struggled. So much so they had to move out of their villa, rent it out for holidays rentals to cover the mortgage and move to rented accommodation.

Ummm OK what part of this the fault of the property market or the estate agent?

If people anywhere in the world stretch themselves to the limit and then lending rates increase of course they will have problems.

The other case which just leaves me wondering how they find people for these programmes actually willing to show the nation their stupidness.

So this couple invited a UK based agent to their house in the UK who took a brochure with him and showed some nice glossy pictures of property and a development. From what I could make out they had never been to the area, never seen where the development was and never looked at a show flat.

So they did a very sensible thing and purchased a property off plan.

Once again I have to ask who's at fault here. The agent? Spain?

Well so far Paradise Lost on ITV has just shown more strerotyped buyers who have been made so by TV programmes like Paradise Lost on ITV.

For the real Spanish property picture my advice is speak to an agent like yourViva at www.yourviva.com and get the truthful picture about the Spanish property market, what type of bargains to expect and general good advice.