Property developer RIOFISA has done 80% less profit in the first 6 monhts of 2007 than in the same period of 2006.
This is one more advise of the full speed cracking of spain property market. Nobody wants to buy at this prices. Only some british who comparing uk prices with spain prices thinks that prices are not really hight.
Futhermore also RIOFISA is being investigating about a fiscal fraud of 10 million euros.
Please, stay informed and dont believe real state agents. They are trying to save their job so they dont care about lying buyers.