Reply To: Who do Spaniards blame for Spain’s property market crash?

Spanish Property Insight Forums Spanish Property Forums Spanish Real Estate Chatter Who do Spaniards blame for Spain’s property market crash? Reply To: Who do Spaniards blame for Spain’s property market crash?

#85600
Aunty Val
Participant

The older Spanish in our village have a fairly philosophical view of what is happening. Many of them are still affected by the Franco years so this “little hardship” is nothing to them.

Many younger Spaniards have a different view and many of them “blame” (that may be too strong) the influx of foreigners. Having said that, they are quick to forget the greed that their parents had in upping their property prices to take advantage of the market.

The main problem is that prices have risen so far that many locals find it hard to afford the properties that are available – now that prices have come down (and will continue to do so) they will become more achievable for many.

Obviously, there are many that will be affected by the current issues but there are probably many more that don’t see it as a problem – not having a mortgage helps!