Spanish property bubble blows up!. Yesterday, real state (up to 60%) and several banks crash. Stock market deeper losses in 20 years. Is to expected a long recession period.
Must see: http://www.invertia.com/mercados/default.asp (in Spanish) sponsored by BBVA, one of the biggest spanish bank
or also Forbes:
http://www.forbes.com/markets/feeds/afx/2007/04/25/afx3649287.html
or Financial Times:
http://www.ft.com/cms/s/32cd35d0-f68b-11da-b09f-0000779e2340.html
Is the time to think about another country? Tthe notice appears in most of US papers, but not UK. I do not advise investment on properties in Spain, but perhaps is the moment to buy thinking on retirement in Spain