Excellent post again Wilks- many have been caught out and unable to sell if they wish to go back, or sell at very low price. You can buy a really nice 3 bed house for about 70.000 in parts of France, Italy or Portugal... but if you spend your spare/savings on improvements, then sell much below price- what will 70.000 get you back in the South of UK- or even in the Midlands?
Same here in Switzerland- inflation has only happened in the Geneva and Zurich area and their Riviera- but there is now a bubble which may well burst, leaving people in negative equity (as the Swiss Franc is much too high (ouch for us, we have no Swiss income and have lost 40% of income since arrival) - however, it does mean that even if we sell at price paid or less - we would potentially make a big profit on exchange rate alone. Not on the cards though. And as said, I am really really glad we were able to keep a flat in the East Midlands, right in the centre of a lovely market town- just in case. We would have to sell and move to somethin a little bigger with a small garden though, as we are not allowed to keep a dog there. But it would sell easily and plenty on the market.