Economic Downturn?

The Times carried this downbeat article about tougher times in Spain’s economy. It is often said that Spain’s economy has been fuelled by British expats investing heavily in the property market there – and a lot of the comments on the piece take that line. Actually, that oversimplifies the Spanish economic experience tremendously and reflects the overweaning belief amongst some commentators that Britain still has way more influence than is actually the case!

Orders for Polaris World properties remain high, and the company are ploughing ahead with new developments, so the picture is more nuanced than you might think. As ever, for quality developments with good planning, infrastructure an facilities demand remains high. A lot of the lower end developments – stuck in the middle of nowhere with no ‘added value’ features – it is true that the picture has suddenly darkened greatly for them. But otherwise, Polaris World (for all its documented problems) remains a fundamentally sound investment for the medium-long term.