- May 26, 2009 at 9:25 am #55017
Found this article/thread on housepricecrash.co.uk. Makes grim reading.
- May 26, 2009 at 10:09 am #92304
Thank goodness we don’t have the same problems here in the UK. 😉
- May 26, 2009 at 11:52 am #92307
I received an email stating that Costa del Sol has just a years supply of unsold property, which will lead to a rise in prices.
Someone somewhere has got the figures wrong.
- May 26, 2009 at 12:07 pm #92310
There is a difference between one year of food supply to one year of property supply.
- May 26, 2009 at 12:08 pm #92311
That is one of the most laughable articles I have read in years. I could show you 20000 unsold new properties in a 10km stretch of the CDS let alone the whole coast.
- May 26, 2009 at 1:54 pm #92312
Other figures for Spain’s unsold Costa homes which have been previously quoted are over one million, Spain’s in deep Bull Manure as it relies heavily on it’s now failing construction industry, then add it’s much weaker tourism figures, and it’s rising unemployment (huge) and it’s increased cost of living. 🙄
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