Reply To: Spanish property market 2007/2008 report discussion

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katy wrote:
Seen it in Florida, areas around Orlando are in the dumps but in Naples on the Guf Coast prices have scarcely dropped. The uncertainty about legalities does not help Spain.

Depens where on the Gulf Coast. Fort Myers, Port Charlotte, Cape Coral,
Sarasota are at the epicentre of the crash. In Naples good areas lost 25% of value between 2005-2008, bad areas about 50%.

This comment has nothing to do with Spain, it is just a remark on some comment about Guf Coast prices having scarcely dropped… Or were you refering to the multi-million dollar mansions on gated islands near Naples?
Maybe those prices did not fall.