“… According to the Bank of Spain’s economic models, Spanish house prices could fall as much as 38pc from peak-to-trough before bottoming out in 2012, in their worst case scenario”
“… Zapatero and his wife have finanlly managed to sell their holiday-home in Vera (pictured above), for a loss of 38pc”
And my own personal experience
2004 off plan price to sold price Feb 2009 31% loss
I give the first article zero credibility, since peak 2007 price to date we are already past the worst case scenario, whilst still addressing the worlds economic problems.
Peak 2007 to trough will be in the 50% region or more.
….I give the first article zero credibility, since peak 2007 price to date we are already past the worst case scenario, whilst still addressing the worlds economic problems.
Peak 2007 to trough will be in the 50% region or more.
I hope it’s the Bank of Spain’s report and conclusions, rather than my article, that you give zero credibility 😯 . If you read to the end of the article I add my opinion, for what it’s worth, that prices will bottom out 40-50% down. I could be wrong, of course: they might end up down by more than 50%.
The thing is, the BoS will probably end up right according to its own figures 😉
….I give the first article zero credibility, since peak 2007 price to date we are already past the worst case scenario, whilst still addressing the worlds economic problems.
Peak 2007 to trough will be in the 50% region or more.
I hope it’s the Bank of Spain’s report and conclusions, rather than my article, that you give zero credibility 😯 . If you read to the end of the article I add my opinion, for what it’s worth, that prices will bottom out 40-50% down. I could be wrong, of course: they might end up down by more than 50%.
The thing is, the BoS will probably end up right according to its own figures 😉
This website uses cookies to improve your experience. If you continue to use the website you agree to our use of cookies. You can find out more here. Accept
Cookies
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.