Heard this morning that the property market in Spain will not bottom out until 2014
That’s some time – I was thinking along the lines of next year, but don’t live in Spain, so really have no idea.
It’s very difficult to read what’s going on at the moment. Here in West Dorset the market has taken a sudden turn. One local agent sold 32 properties last month! Yes – 32 !!! Apparently sentiment has changed and the renters are buying. Houses are fetching the asking price again, and houses that have been stuck for the last 2 years have suddenly got offers.