Reply To: Spanish property market 2007/2008 report discussion


Not necessarily MG.

There are moments in the economic cycle when it is easier to predict market trends, and without much thought and analysis you can get lucky.

Markets today are in turmoil and investment decisions hazardous.

Clearly the construction of one of the new transit hubs required in Europe is not going to leave the countryside looking as it does now.

Portugal will not go the same way as Spain. The Portuguese learn by their mistakes and although some areas were ruined many years ago, property development in Portugal is now more tightly controlled.

Capital Cities receive much more tourism than exotic resorts in far flung places and coastal resorts which suffer from seasonality. International airports offer enduring economic prosperity, as do improved infrastructure, communications, and inward investment.