Another extranjero bites the dust

This personal story was sent in by email.
“Another extranjero bites the dust”
(All names have been changed)
Like many people that move to Spain we had been avid watchers of “A Place in the Sun, “No Turning Back” and similar programmes. We were particularly scathing of those who got into difficulties – how could they be so [...]

Why haven’t Spanish property prices fallen more?

An interesting question is: Why haven’t prices collapsed in those areas where there is a massive oversupply of property, much of it unattractive and in subprime locations? Prices of similar properties in the US have fallen hard and quickly, but not in Spain.