Reply To: Costa del Sol agents closing down

#76676
Inez
Participant

I dont think there will be but if there is it wont be for a while. Banks are bending over backwards to avoid reposessions and the Bank of Spain has introduced further criteria to check out people wanting mortgages as well.

Its certainly going to be interesting and the ones truly to suffer will be the speculators or owners reliant on rental income or who have overstretched, but in all honesty time will tell if gets as bad as the mid seventies when there were people on the street who couldnt sell villas for love or money – incredible stories from then!