This was also posted on another site,
you have to take into consideration,
The safety of your deposit
The tax liability
The new vat liability
The fact that since I`ve been visiting the P.I. in the late 80s the peso was 42 to the £ and its now 97 plus to the £ with most of the depreciation in the last 5 to 7 years.
Paradise is subjective, Italy would be for me if I could afford it when I retire, I enjoy the P.I. better when I`m here thinking about it than when I`m there experiencing it, if that makes sense
Peter
