Hard times in Spain send expats home Favourite Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Hard times in Spain send expats home This topic contains 1 reply, has 2 voices, and was last updated by Anonymous 9 years, 7 months ago. Author Posts June 24, 2009 at 7:40 am #55073 AnonymousParticipant 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. June 24, 2009 at 11:04 am #92751 AnonymousParticipant 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… Author Posts The forum ‘Real Estate Topics, News & Discussion’ is closed to new topics and replies.