I understand your reasoning logan why such a scenario would eventually kick-start Spain’s economy and property industry, because people could then have confidence in buying property, holidays, businesses at such a new lower level, absolute bargains then.
The interim though as you all generally say, would be catastrophic for existing owners, the Banks also, presumably, but now does not seem a good time for Brits to buy until most of this Sovereign Debt problem is resolved in Eurozone. 🙄
