I’ve said to Fuengi that there is value to be found now, however I don’t think anyone can say that prices ‘are not going to fall any further’ with certainty Rocker. How does anyone know at this stage that Spain’s finances worsen, it has been muted that Spain might exit the Euro and revert to the Peseta, what then for Spanish property prices in relation to other currencies?
No-one has predicted the bottom of the market for the last few years accurately not even that expert who came on here in 2009 saying prices would rise 10% per year then (how wrong was he?), it will come sometime but unless you have a crystal ball it’s all guess work still and why would anyone believe the Politician, an economist and a journalist, 3 people amongst many who are not as bullish? 🙄
Lastly, who is going to buy up all of the unsold stock which the Spanish Gov’t have revised their figures upwards from 680,000 to 900,000 whilst others say it could be between 1 and 2 million, that’s just the new-builds nationally, again there are no true figures? 🙄