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Old 15th February 2010, 09:02 PM   #4
Mega Forero
Join Date: May 2007
Location: Yorkshire, UK.
Posts: 269

Originally Posted by greytop View Post
On the property front - an American from Mojacar was being interviewed this morning on the radio. He says he's selling houses at about half what they cost 3 years ago, so people looking for bargains may start to acquire their dream home in the sun & give that market a bit of a boost. Just tough for those of us who have one!
If you're not coming back to Blighty to live then isn't it a case of no te importa?

There's a view isn't there that Spanish house prices haven't hit bottom yet due to the banks holding onto property they own and not releasing it into the market. They're waiting for prices to rise but if they despair of that happening and look to cut their losses then supply and demand could mean prices falling a lot further.
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