On a Postcard

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One of the more confusing aspects of the housing slowdown is that even real bargains aren’t being picked up.

Take, for example, this excellently priced inn. Ordinarily the price for this one would be near the million euro mark yet now it’s listed for under €800k thus offering you something like a 20% or 30% discount to what would ordinarily be the “real” price.

This is definitely the time to be considering properties as these levels will surely rise quickly once it looks like things are beginning to return to normal

Popularity: 9% [?]

It feels like the world is against us at the moment!

The hike in the oil price means that discount flights are somewhat more expensive than they used to be which, of course, is drastically reducing the number of people coming here on holiday.

Then there’s the exchange rate which seems to get worse by the day which means that holidays here are more expensive than normal.

Finally, there’s the interest rates which are far higher than they need to be as the Bank of England are fixated on the inflation rate which is heavily influenced by the oil price rather than by the banks handing out money too readily.

Popularity: 8% [?]