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?
This is valid for any country in 2008. In USA it started in Fall 2006 but they are always 18 months ahead. They are already in recession, Spain and UK will follow this year, maybe Germany will be the only country spared as they did not base on credit flooding.
It will be nasty, the house price crash will be the least of the worries.