Hard times in Spain send expats home Favourite This topic contains 1 reply, has 2 voices, and was last updated by Anonymous 7 years, 8 months ago.Author PostsJune 24, 2009 at 7:40 am #55073 AnonymousParticipantBBC article.http://news.bbc.co.uk/2/hi/uk_news/8115973.stmNothing those of us who have been following the market don´t already know.June 24, 2009 at 11:04 am #92751 AnonymousParticipantFrom 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…Author PostsYou must be logged in to reply to this topic.