I am leaning towards a crash but unlike many I am not sure, I also take what I read in the newspapers with a pinch of salt. Prefer to see what is happening on ground zero.
Many use the USA as an example but they always seem to have a quicker recovery than any other country. Property in Florida is taking 3 months to sell, compared to Spain’s 2 years or more it makes the market there look hunky dory! Orlando could be taking a hit, overbuilding in unsuitable locations, lots of off-plan investors could be a different story.