Re: Over supply


Even without an economic recession, it was obvious that Spain was trying to buck the basic laws of supply and demand. The demand for second homes in Spain was assumed to be virtually infinite but driven by a feeding frenzy fuelled by some less than honest and legal practises which are well documented here and elsewhere.

I was nearly sucked into this feeding frenzy in 2005 but worked out that there was not enough airport capacity to transport all the “promised” renters in and out of Spain.