Reply To: Spanish Real Estate Bubble bursts

#71182
Anonymous
Participant

This should come as no surprise to anybody that follows the Spanish property market. The downturn probably started in 2005, but building work has continued at the same rate with an over supply of 2-bedroom 2-bathroom apartments, add to this the sleaze and corruption and we have the receipt for a correction in property prices. Until the market slack is absorbed and confidence returns it looks dire.