January 12, 2010 at 8:56 am #55369
January 12, 2010 at 9:29 am #95867
Charlie’s Index – December
Spain’s unemployment figures creeping towards 20% (only Latvia has worse figures)
Spanish banks about to offload untold numbers of repossessed properties which will worsen an already-saturated property market
Property prices set to plunge even lower in 2010
Faith in being able to buy securely in Spain blown away by recent threats of more demolitions.
Corruption is still rampant, justice is still a lottery
Conclusion: Spain is in a mess and will continue to be so for the forseeable future.
Who needs graphs?
January 12, 2010 at 9:35 am #95870
Only one correction to your index Charlie that I would make.
justice is still a lottery
There is no justice in Spain,when it comes to property and peoples rights that are supposed to be protected under it’s own laws.
January 12, 2010 at 9:38 am #95871
I didn’t want to sound too harsh – it would only invite the criticism of being a ‘doom and gloomer’. 😉
January 12, 2010 at 10:01 am #95873
you could add that the UK government, the Spanish government and the EU continue to do sod all about it, and apart from a those in yesterdays demo’, so do most people in Spain!!!
January 12, 2010 at 10:08 am #95874
you could add that the UK government, the Spanish government and the EU continue to do sod all about it…..
Damn it, I knew I was missing something.
PS By the way brianc_li – no disrespect meant to your OP.
(I also have to admit I can never make head or tail of what TINSA is ‘saying’).
January 12, 2010 at 10:25 am #95875
January 12, 2010 at 10:57 am #95876
I must admit it is difficult.
Certainly Spain has given a whole new meaning to terms like:
Bank Guarantee (which in reality = unless the bank decides it won’t guarantee it afterall)
all legal licences in place (which in reality = unless the Junta decides to revoke them).
These types of basic issues really have to be addressed before confidence in buying can be restored. If Bank Guarantees and legal licences mean nothing, I just can’t see it happening anytime soon.
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