CRACK in Spanish property market

LoadingFavourite

This topic contains 0 replies, has 1 voice, and was last updated by Profile photo of Anonymous Anonymous 9 years, 3 months ago.

  • Author
    Posts
  • #53283
    Profile photo of Anonymous
    Anonymous
    Participant

    Property developer ASTROC has told that they had about 65,7 million euros in losses this year meanwhile they had a profit of 61 the last year.

    Here is the new:

    http://www.invertia.com/noticias/noticia.asp?idNoticia=1797991

    The market is crashing at full speed and it is not very intelligent to ask for credits in the actual market conditions. The BCE is dropping money on the market because the banks cant find the money they need for mortgages.

    Please be carefull specially in the spanish property market because you can lose a lot of money.

You must be logged in to reply to this topic.