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Buyers will trawl the market seeking out opportunities where they find value, this may include Spain but not at the exclusion of other countries.
Please re-consider my previous posts on the motives for purchasing homes and also second homes.
Anything might happen in China between now and 2015, but the planning of 500 airports is one of several indications which with sufficient aeroplanes suggests a growth in the numbers of inbound and outbound tourists.
The world economy is not going to come to a grinding halt just because Spain has got itself into a mess. You have got to look at a much wider picture.