this ought to cheer everyone up

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27 Dec 2012 19:20 by GuyT Star rating. 499 posts Send private message

 http://www.telegraph.co.uk/finance/financialcrisis/9768067/Spains-house-prices-to-fall-another-30pc-as-glut-keeps-growing.html





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27 Dec 2012 20:30 by mac75 Star rating in Valencia. 412 posts Send private message

mac75´s avatar

Thanks for that, it certainly brightened up my day!!!  However I think it is obvious and anyone thinking that the property market will recover in the next decade is probably very mistaken. The situation is "crazy" as it says in the article. The only way is to enitce foreigners back to buying a second property at knock down rates which would be hard to refuse. They have to move the properties and I don't think they are doing enough to attract potential foreign buyers.



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