Reply To: Spanish property market 2007/2008 report discussion


I struggle with the fact that people on here are speculating on a specific timeframe for the recovery.

I know it is only an “opinion”, but I fail to see how an opinion on this matter can be formed, and could easily prove to be a false dawn for someone influenced by said “opinion”.

The top economists in the world are unable to forecast, with any certainty, what will happen with the global economy in the next quarter, let alone 2010.

Any housing recovery is inextricably linked to the economy, be it global, European or Spanish and
only Nostradamus, possibly, could have foreseen events such as 9/11, tsunami, sub-prime, gulf war etc etc and its consequential effects.

History teaches us that there *will* be a recovery, but not *when*.