Tinsa Index – June

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    • #56291
      Anonymous
      Participant

      Published tomorrow:

      http://www.tinsa.es/down/IMIE/2011/IMIE_06_2011.pdf

      General -6.6% (April -5.9%)
      Costas -8.7% (April -8.1%)

      That is a few months now of increasing falls. More than a ‘blip’ now I would say.

      Don’t have the peak (Dec 2007) to present figures yet.

    • #105384
      peterhun
      Participant

      Inflation adjusted, prices in the Costa’s are back to around August 2003 (24% inflation since then)

    • #105394
      kgpoc
      Participant

      ‘I love the smell of Napalm in the morning’ – (OK, who said this and where?)

      There is NOTHING pointing to light at the end of the tunnel in the Spanish property market and with all the back-end issues that banks still have to tackle (they are trying too, but if you cannot trust/value sovereign debt, some of their biggest positions), property closures will continue to shrink.

      You may have reasons to buy and be in a position to buy, but nerves of steel is a prerequisite!

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