Hard times in Spain send expats home

Spanish Property Insight Forums Spanish Property Forums Spanish Real Estate Chatter Hard times in Spain send expats home

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    • #55073
      Anonymous
      Participant

      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.

    • #92751
      Anonymous
      Participant

      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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