CRACK in Spanish property market

Viewing 0 reply threads
  • Author
    Posts
    • August 10, 2007 at 9:25 am #53283
      Anonymous
      Participant

      Property developer ASTROC has told that they had about 65,7 million euros in losses this year meanwhile they had a profit of 61 the last year.

      Here is the new:

      http://www.invertia.com/noticias/noticia.asp?idNoticia=1797991

      The market is crashing at full speed and it is not very intelligent to ask for credits in the actual market conditions. The BCE is dropping money on the market because the banks cant find the money they need for mortgages.

      Please be carefull specially in the spanish property market because you can lose a lot of money.

  • Author
    Posts
Viewing 0 reply threads
  • The forum ‘Spanish Real Estate Chatter’ is closed to new topics and replies.