Re: Overpriced Spanish Property



I think it’s been well documented for some time that Spain’s property market especially on the overbuilt Costas is as much as 30% overpriced, the Telegraph article just endorses a fact that most of us know about and serves as a warning to newbie purchasers.

A clear out of the many dodgy agents was needed so good riddance to them. The defaced coastline will never be attractive again due to the greed of the Spanish Government, they get what they deserve, an uncertain future and economy.

I agree with goodstich and others that Spain is not a good prospect to purchase property in for some while as prices are likely to fall further, and, I wouldn’t trust places like Bulgaria, Turkey etc where many dodgy, even crooked agents have fled to from Spain.