Reply To: Spain and UK seem to be competing for biggest fall in ’09

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katy
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http://www.diariosur.es/20090328/malaga/inmobiliarias-venden-bancos-quieren-20090328.html

“Agents sell Property that the banks do not want”

…Discounts of around 30%
…Most have been re-posessed from Developers
…Morales an Agent says there are “opportunities” but not bargains
…Optimistic though, when the stock has been sold, prices will rise.

Problem is those 30% reductions are from Developers overpriced figure. They were still increasing them last year!

Scroll down page and see some of the “offers” on the right 🙄