Spain Has As Many Unsold Homes As The Us, Title says it all

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This topic contains 5 replies, has 5 voices, and was last updated by Profile photo of angie angie 7 years, 6 months ago.

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  • #55017
    Profile photo of Anonymous
    Anonymous
    Participant

    Found this article/thread on housepricecrash.co.uk. Makes grim reading.

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=115501

  • #92304
    Profile photo of Anonymous
    Anonymous
    Participant

    Thank goodness we don’t have the same problems here in the UK. 😉

  • #92307
    Profile photo of Anonymous
    Anonymous
    Participant

    http://www.pr-inside.com/just-a-year-s-supply-of-costa-r1271711.htm

    I received an email stating that Costa del Sol has just a years supply of unsold property, which will lead to a rise in prices.
    Someone somewhere has got the figures wrong.

  • #92310
    Profile photo of Anonymous
    Anonymous
    Participant

    There is a difference between one year of food supply to one year of property supply.

  • #92311
    Profile photo of Anonymous
    Anonymous
    Participant

    That is one of the most laughable articles I have read in years. I could show you 20000 unsold new properties in a 10km stretch of the CDS let alone the whole coast.

  • #92312
    Profile photo of angie
    angie
    Spectator

    Other figures for Spain’s unsold Costa homes which have been previously quoted are over one million, Spain’s in deep Bull Manure as it relies heavily on it’s now failing construction industry, then add it’s much weaker tourism figures, and it’s rising unemployment (huge) and it’s increased cost of living. 🙄

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