Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › Spanish property market 2008: soft landing or train wreck? › Reply To: Spanish property market 2008: soft landing or train wreck?
Senor Nick, what is your point?
Also, you state “The same doom and gloom merchants that have been predicting a UK housing market crash for the last 3 years.”
As you are obviously not a professional in the property market, try taking a look at such sites as http://www.propertysnake.co.uk
There again, perhaps you will refuse to believe what is apparent again.
“Spain has a two tier housing market, the Spanish well off and International market and the local market. Some Spanish have 2nd and 3rd homes”
Much like UK then.
“The local market will obviously be effected if there is a down turn but the market that effects most english wont be IMO.”
A joke and unrealistic.
“but most of those owners will just sit it out, there will also be some bargains from the people who have overstrechted themselves and the bank steps in and some people will make money out of this situation in the medium to long term”
The majority then?
“There is no doubt the local business people of Marbella & Nueva Andalucia are tightning their belts for this year but Im pretty positive of the overall outcome for the international market anyway”
Wish you would spread the knowledge base you have with all.