incredible peter. Assuming that the crash continues in spanish property then we face another 4 years of people staying away from buying property. We face seeing prices go down another 40% (or thereabouts). Then at some point in the future when this is all over they have the job of trying to restore confidence in the property debvelopment business. How do they do that without sweeping changes to the law to offer better protection to the buyer?
If they don’t sort this out then we may find that spain gets left behind and one of the other mediterranean countries steps in and takes the business away from spain.
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