Home » Spanish Property Forums » Spanish Real Estate Chatter » Hard times in Spain send expats home
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BBC article.
http://news.bbc.co.uk/2/hi/uk_news/8115973.stm
Nothing those of us who have been following the market don´t already know.
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From the article: “She drives up and down the deserted streets of a once-popular development. Many of the houses carry “For Sale” signs.
She points to one and says: “These little houses with one or two bedrooms were 120,000 euros. Now I’d be lucky to get 75,000. “
In Pounds, this is a reduction from £80K to about £64K. In a deserted development a 20% reduction means living in la-la land…
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